Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.55 | -0.21% |
| Return on Equity (%) | ▲ | 2.61% | +4.27 | -1.66% |
| Net Interest Margin (%) | ▲ | 2.64% | +0.65 | 2.00% |
| Efficiency Ratio (%) | ▲ | 86.97% | -23.85 | 110.82% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.14 | $-0 |
| Cost of Funds (%) | ▼ | 1.80% | +0.08 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $103 | +1.15 | $102 |
| Gross Loans ($M) | ▲ | $59 | +2.99 | $56 |
| Loan Growth YoY (%) | ▲ | 69.83% | +2.79 | 67.04% |
| Total Deposits ($M) | ▲ | $84 | +0.98 | $83 |
| Shareholders Equity ($M) | ▲ | $13 | +0.22 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.22 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +0.55 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 69.83% | +2.79 | 67.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.07 | 0.13% |
| Allowance / Loans (%) | — | 0.87% | -0.05% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.13 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▂▄█ | Net Interest Margin (%) | 2.01% | 2.04% | 2.04% | 2.00% | 2.06% | 2.13% | 2.26% | 2.64% |
| ▁▁▁▁▂▂▄█ | Return on Assets (%) | -0.25% | -0.24% | -0.24% | -0.21% | -0.15% | -0.15% | 0.01% | 0.34% |
| ████▇▆▄▁ | Efficiency Ratio (%) | 112.4% | 111.8% | 112.0% | 110.8% | 107.6% | 104.0% | 97.4% | 87.0% |
| ▁▂▆▅▇███ | Cost of Funds (%) | 1.55% | 1.59% | 1.75% | 1.72% | 1.77% | 1.80% | 1.82% | 1.80% |
| ▁▁▁▁██▄▁ | NPA / Assets (%) | 0.11% | 0.09% | 0.09% | 0.13% | 0.84% | 0.83% | 0.42% | 0.07% |
| ▁▁▁▁██▄▁ | Net Charge-Off Ratio (%) | 0.21% | 0.17% | 0.17% | 0.24% | 1.47% | 1.44% | 0.74% | 0.12% |
| ▇▆▃▂▁▄██ | Tang. Book Value ($M) | $13 | $13 | $13 | $13 | $13 | $13 | $13 | $13 |
| ▁▂▁▃▇█▇█ | Gross Loans ($M) | $55 | $56 | $55 | $56 | $58 | $59 | $58 | $59 |
| ▁█▅▅▆█▆█ | Total Deposits ($M) | $81 | $84 | $83 | $83 | $83 | $84 | $83 | $84 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 6% |