Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.05 | 0.35% |
| Return on Equity (%) | ▼ | 2.80% | -1.47 | 4.27% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.27 | 3.91% |
| Efficiency Ratio (%) | ▲ | 89.07% | -0.54 | 89.61% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 3.08% | -0.71 | 3.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $276 | +11.22 | $265 |
| Gross Loans ($M) | ▲ | $207 | +18.00 | $189 |
| Loan Growth YoY (%) | ▲ | 84.24% | +6.57 | 77.67% |
| Total Deposits ($M) | ▲ | $244 | +2.41 | $241 |
| Shareholders Equity ($M) | ▲ | $30 | +8.81 | $21 |
| Tang. Book Value ($M) | ▲ | $30 | +8.81 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 84.24% | +6.57 | 77.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.23 | 0.50% |
| Allowance / Loans (%) | — | 0.72% | -0.01% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.28 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▄▅█ | Net Interest Margin (%) | 3.89% | 3.90% | 3.95% | 3.91% | 3.97% | 4.03% | 4.05% | 4.18% |
| ▁▁▃▇███▇ | Return on Assets (%) | -0.63% | -0.51% | -0.32% | 0.35% | 0.46% | 0.51% | 0.48% | 0.30% |
| █▇▆▁▁▁▁▁ | Efficiency Ratio (%) | 112.5% | 108.0% | 104.6% | 89.6% | 87.7% | 86.6% | 87.6% | 89.1% |
| ███▆▄▅▃▁ | Cost of Funds (%) | 4.12% | 4.12% | 4.13% | 3.79% | 3.55% | 3.66% | 3.35% | 3.08% |
| █▃▅▁▂▁▃▃ | NPA / Assets (%) | 1.31% | 0.78% | 0.95% | 0.50% | 0.65% | 0.60% | 0.75% | 0.73% |
| █▃▆▁▃▂▄▃ | Net Charge-Off Ratio (%) | 1.15% | 0.60% | 0.93% | 0.34% | 0.62% | 0.52% | 0.73% | 0.62% |
| ▁▂▂▂████ | Tang. Book Value ($M) | $19 | $21 | $21 | $21 | $29 | $30 | $30 | $30 |
| ▁▅▅▆▇▆▆█ | Gross Loans ($M) | $149 | $178 | $184 | $189 | $193 | $190 | $190 | $207 |
| ▁▄▅▇██▇▇ | Total Deposits ($M) | $183 | $217 | $228 | $241 | $255 | $247 | $245 | $244 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 10% |