Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.07 | 0.09% |
| Return on Equity (%) | ▲ | 1.09% | +0.46 | 0.63% |
| Net Interest Margin (%) | ▲ | 2.57% | +0.14 | 2.43% |
| Efficiency Ratio (%) | ▲ | 91.17% | -4.53 | 95.70% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.38% | -0.03 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +2.97 | $356 |
| Gross Loans ($M) | ▼ | $292 | -3.54 | $295 |
| Loan Growth YoY (%) | ▼ | 95.54% | -1.62 | 97.16% |
| Total Deposits ($M) | ▲ | $304 | +1.46 | $303 |
| Shareholders Equity ($M) | ▲ | $53 | +1.58 | $52 |
| Tang. Book Value ($M) | ▲ | $53 | +1.58 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +1.61 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 95.54% | -1.62 | 97.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.02 | 0.18% |
| Allowance / Loans (%) | — | 0.35% | -0.00% | 0.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.04 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.11% | +0.33 | 29.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▇█ | Net Interest Margin (%) | 2.16% | 2.17% | 2.15% | 2.43% | 2.50% | 2.51% | 2.51% | 2.57% |
| ▁▃▅█████ | Return on Assets (%) | -1.61% | -1.05% | -0.62% | 0.09% | 0.30% | 0.24% | 0.25% | 0.16% |
| ███▅▁▂▂▃ | Efficiency Ratio (%) | 101.1% | 99.6% | 101.4% | 95.7% | 86.4% | 89.3% | 88.9% | 91.2% |
| ▄▇█▁▁▂▂▁ | Cost of Funds (%) | 1.49% | 1.64% | 1.71% | 1.41% | 1.36% | 1.43% | 1.42% | 1.38% |
| ▆▄▁▂█▄▂▃ | NPA / Assets (%) | 0.31% | 0.23% | 0.14% | 0.18% | 0.37% | 0.23% | 0.19% | 0.21% |
| ▆▄▁▂█▄▂▃ | Net Charge-Off Ratio (%) | 0.36% | 0.28% | 0.17% | 0.22% | 0.45% | 0.28% | 0.23% | 0.26% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $50 | $51 | $51 | $52 | $53 | $53 | $53 | $53 |
| ██▆▅▃▁▁▁ | Gross Loans ($M) | $299 | $298 | $297 | $295 | $294 | $292 | $292 | $292 |
| ▅▇█▅▃▁▄▆ | Total Deposits ($M) | $302 | $305 | $309 | $303 | $300 | $294 | $301 | $304 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 7% |