Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.43% | +0.27 | 0.17% |
| Return on Equity (%) | ▲ | 4.62% | +2.78 | 1.84% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.36 | 2.24% |
| Efficiency Ratio (%) | ▲ | 78.56% | -12.94 | 91.50% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $0 |
| Cost of Funds (%) | ▲ | 2.55% | -0.09 | 2.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $378 | -1.12 | $379 |
| Gross Loans ($M) | ▼ | $309 | -5.35 | $314 |
| Loan Growth YoY (%) | ▼ | 113.50% | -15.88 | 129.39% |
| Total Deposits ($M) | ▲ | $271 | +29.12 | $242 |
| Shareholders Equity ($M) | ▲ | $36 | +1.22 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +1.22 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +1.34 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 113.50% | -15.88 | 129.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.09 | 0.41% |
| Allowance / Loans (%) | — | 0.41% | 0.01% | 0.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.00 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.53% | +0.28 | 19.25% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▁▂▃▄█ | Net Interest Margin (%) | 2.40% | 2.32% | 2.28% | 2.24% | 2.31% | 2.35% | 2.38% | 2.60% |
| ▂▂▁▁▁▂▂█ | Return on Assets (%) | 0.21% | 0.20% | 0.18% | 0.17% | 0.20% | 0.22% | 0.21% | 0.43% |
| ▇▇██▇▇▇▁ | Efficiency Ratio (%) | 90.9% | 90.8% | 92.6% | 91.5% | 90.8% | 89.7% | 90.2% | 78.6% |
| ▁▆█▆▇▇▆▃ | Cost of Funds (%) | 2.48% | 2.66% | 2.73% | 2.64% | 2.67% | 2.67% | 2.66% | 2.55% |
| ▆▆█▆▂▂▁▂ | NPA / Assets (%) | 0.41% | 0.40% | 0.45% | 0.41% | 0.33% | 0.33% | 0.29% | 0.31% |
| ▇██▂▁▁▁▂ | Net Charge-Off Ratio (%) | 0.27% | 0.30% | 0.29% | 0.13% | 0.09% | 0.09% | 0.10% | 0.12% |
| ▁▃▂▃▅▆▇█ | Tang. Book Value ($M) | $34 | $34 | $34 | $34 | $35 | $35 | $35 | $36 |
| ▃▃▅▄▇█▅▁ | Gross Loans ($M) | $312 | $312 | $314 | $314 | $317 | $320 | $315 | $309 |
| ▁▂▃▃▄▅▄█ | Total Deposits ($M) | $225 | $234 | $237 | $242 | $247 | $249 | $247 | $271 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 18% |