Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.25 | 0.07% |
| Return on Equity (%) | ▲ | 2.10% | +1.67 | 0.43% |
| Net Interest Margin (%) | ▲ | 1.76% | +0.33 | 1.43% |
| Efficiency Ratio (%) | ▲ | 79.30% | -16.33 | 95.63% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $0 |
| Cost of Funds (%) | ▲ | 2.53% | -0.22 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $669 | +28.26 | $641 |
| Gross Loans ($M) | ▲ | $581 | +24.09 | $557 |
| Loan Growth YoY (%) | ▼ | 116.55% | -1.55 | 118.11% |
| Total Deposits ($M) | ▲ | $498 | +26.85 | $471 |
| Shareholders Equity ($M) | ▲ | $100 | +0.67 | $99 |
| Tang. Book Value ($M) | ▲ | $100 | +0.67 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +0.74 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 116.55% | -1.55 | 118.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.27 | 0.08% |
| Allowance / Loans (%) | — | 0.19% | 0.01% | 0.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.31 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 1.34% | 1.35% | 1.34% | 1.43% | 1.49% | 1.58% | 1.57% | 1.76% |
| ▂▂▁▂▂▃▂█ | Return on Assets (%) | 0.07% | 0.05% | -0.01% | 0.07% | 0.07% | 0.10% | 0.04% | 0.32% |
| ▆▆█▆▅▅▇▁ | Efficiency Ratio (%) | 93.7% | 95.9% | 101.5% | 95.6% | 93.2% | 91.9% | 96.3% | 79.3% |
| ▄██▆▅▅▄▁ | Cost of Funds (%) | 2.67% | 2.84% | 2.82% | 2.75% | 2.70% | 2.71% | 2.66% | 2.53% |
| ▁▂▁▁▁▁▅█ | NPA / Assets (%) | 0.11% | 0.11% | 0.09% | 0.08% | 0.07% | 0.10% | 0.22% | 0.36% |
| ▂▁▁▁▁▁▅█ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.09% | 0.10% | 0.09% | 0.12% | 0.25% | 0.41% |
| ▃▄▁▂▃▅▃█ | Tang. Book Value ($M) | $99 | $99 | $99 | $99 | $99 | $99 | $99 | $100 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $535 | $545 | $551 | $557 | $560 | $564 | $573 | $581 |
| ▂▁▁▂▄▄▇█ | Total Deposits ($M) | $471 | $464 | $468 | $471 | $477 | $478 | $490 | $498 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 21% |