Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.36% | +0.34 | 2.03% |
| Return on Equity (%) | ▼ | 7.95% | -0.41 | 8.36% |
| Net Interest Margin (%) | ▲ | 5.80% | +0.28 | 5.52% |
| Efficiency Ratio (%) | ▲ | 61.57% | -4.33 | 65.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.89% | -0.08 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $354 | -57.12 | $411 |
| Gross Loans ($M) | ▼ | $273 | -33.28 | $306 |
| Loan Growth YoY (%) | ▲ | 119.81% | +12.99 | 106.82% |
| Total Deposits ($M) | ▼ | $225 | -57.93 | $283 |
| Shareholders Equity ($M) | ▲ | $108 | +9.42 | $98 |
| Tang. Book Value ($M) | ▲ | $108 | +9.42 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 119.81% | +12.99 | 106.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.66% | +1.52 | 4.15% |
| Allowance / Loans (%) | — | 1.10% | -0.10% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 5.53% | +1.58 | 3.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁██▁▁▄▄▆ | Net Interest Margin (%) | 5.53% | 5.92% | 5.88% | 5.52% | 5.49% | 5.66% | 5.69% | 5.80% |
| ▁▂▂▃▃██▅ | Return on Assets (%) | 1.49% | 1.81% | 1.88% | 2.03% | 2.05% | 3.10% | 2.98% | 2.36% |
| █▆▇▆▅▁▁▄ | Efficiency Ratio (%) | 70.5% | 66.4% | 67.2% | 65.9% | 64.5% | 55.9% | 56.6% | 61.6% |
| ▁▃▃▅▅█▆▄ | Cost of Funds (%) | 1.65% | 1.81% | 1.83% | 1.97% | 1.94% | 2.18% | 2.05% | 1.89% |
| ▇▂▁▁▁▂▄█ | NPA / Assets (%) | 5.38% | 4.36% | 4.19% | 4.15% | 4.29% | 4.43% | 4.74% | 5.66% |
| ▆▁▁▁▂▁▃█ | Net Charge-Off Ratio (%) | 5.11% | 3.97% | 3.93% | 3.95% | 4.17% | 4.08% | 4.43% | 5.53% |
| ▁▂▂▁▂▅▇█ | Tang. Book Value ($M) | $98 | $100 | $100 | $98 | $99 | $104 | $106 | $108 |
| ███▇█▇▂▁ | Gross Loans ($M) | $308 | $311 | $308 | $306 | $311 | $303 | $281 | $273 |
| ▅▆▇██▄▂▁ | Total Deposits ($M) | $260 | $269 | $276 | $283 | $287 | $256 | $237 | $225 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 33% |