Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -38.54% | -38.43 | -0.11% |
| Return on Equity (%) | ▼ | -156.93% | -156.53 | -0.40% |
| Net Interest Margin (%) | ▲ | 2.74% | +1.51 | 1.23% |
| Efficiency Ratio (%) | ▲ | 55.97% | -53.01 | 108.98% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.47 | $-0 |
| Cost of Funds (%) | ▲ | 1.35% | -0.03 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $137 | -21.38 | $158 |
| Gross Loans ($M) | ▲ | $40 | +1.80 | $38 |
| Loan Growth YoY (%) | ▲ | 37.25% | +2.43 | 34.82% |
| Total Deposits ($M) | ▼ | $107 | -2.32 | $109 |
| Shareholders Equity ($M) | ▼ | $29 | -14.17 | $43 |
| Tang. Book Value ($M) | ▼ | $29 | -14.17 | $43 |
| TBV excl. AOCI ($M)** | ▼ | $32 | -15.87 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 37.25% | +2.43 | 34.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.07 | 0.42% |
| Allowance / Loans (%) | — | 0.74% | 0.00% | 0.74% |
| Net Charge-Off Ratio (%) | ▲ | 1.22% | -0.54 | 1.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▂▂█ | Net Interest Margin (%) | 1.12% | 1.15% | 1.15% | 1.23% | 1.30% | 1.35% | 1.36% | 2.74% |
| ███████▁ | Return on Assets (%) | -0.02% | -0.07% | -0.18% | -0.11% | -0.02% | -0.04% | -0.07% | -38.54% |
| ████▇▇█▁ | Efficiency Ratio (%) | 103.6% | 107.4% | 110.2% | 109.0% | 101.6% | 101.8% | 103.7% | 56.0% |
| ███▅▂▄▁▄ | Cost of Funds (%) | 1.44% | 1.45% | 1.45% | 1.37% | 1.31% | 1.35% | 1.28% | 1.35% |
| ▅█▇█▇▁▆▅ | NPA / Assets (%) | 0.34% | 0.41% | 0.40% | 0.42% | 0.39% | 0.26% | 0.37% | 0.36% |
| ▆███▆▁▅▃ | Net Charge-Off Ratio (%) | 1.50% | 1.74% | 1.67% | 1.76% | 1.53% | 1.01% | 1.42% | 1.22% |
| ███████▁ | Tang. Book Value ($M) | $43 | $43 | $43 | $43 | $43 | $43 | $43 | $29 |
| ▁▃▃▃▇▆██ | Gross Loans ($M) | $37 | $38 | $38 | $38 | $40 | $39 | $40 | $40 |
| █▆▃▃▃▃▁▂ | Total Deposits ($M) | $115 | $112 | $109 | $109 | $109 | $108 | $105 | $107 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 91% |
| Brokered / Other | 8% |