Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.05 | 0.59% |
| Return on Equity (%) | ▼ | 5.42% | -0.38 | 5.80% |
| Net Interest Margin (%) | ▲ | 2.30% | +0.07 | 2.22% |
| Efficiency Ratio (%) | ▼ | 76.05% | +4.47 | 71.57% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 3.04% | -0.24 | 3.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $319 | -12.47 | $331 |
| Gross Loans ($M) | ▼ | $237 | -1.54 | $238 |
| Loan Growth YoY (%) | ▲ | 96.48% | +5.93 | 90.56% |
| Total Deposits ($M) | ▼ | $241 | -17.67 | $259 |
| Shareholders Equity ($M) | ▼ | $33 | -0.53 | $33 |
| Tang. Book Value ($M) | ▼ | $33 | -0.53 | $33 |
| TBV excl. AOCI ($M)** | ▼ | $34 | -0.48 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 96.48% | +5.93 | 90.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.02 | 0.39% |
| Allowance / Loans (%) | — | 1.59% | 0.07% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.05 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.07% | +0.03 | 15.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆█▇█ | Net Interest Margin (%) | 2.09% | 2.09% | 2.09% | 2.22% | 2.24% | 2.27% | 2.27% | 2.30% |
| ▁▂▁▅▇█▇▂ | Return on Assets (%) | 0.51% | 0.54% | 0.51% | 0.59% | 0.62% | 0.65% | 0.63% | 0.55% |
| ▇▅▆▂▂▁▂█ | Efficiency Ratio (%) | 75.4% | 73.8% | 74.5% | 71.6% | 71.3% | 70.6% | 71.8% | 76.0% |
| █▇█▄▆▄▃▁ | Cost of Funds (%) | 3.50% | 3.47% | 3.55% | 3.28% | 3.41% | 3.29% | 3.18% | 3.04% |
| ▆█▄▂▂▁▁▁ | NPA / Assets (%) | 0.46% | 0.50% | 0.42% | 0.39% | 0.39% | 0.38% | 0.37% | 0.37% |
| ▆█▃▂▂▂▁▁ | Net Charge-Off Ratio (%) | 0.64% | 0.71% | 0.57% | 0.54% | 0.53% | 0.54% | 0.52% | 0.49% |
| ▄█▅▃▁█▁▁ | Tang. Book Value ($M) | $33 | $34 | $33 | $33 | $33 | $34 | $33 | $33 |
| ▁▄▆██▅▅▇ | Gross Loans ($M) | $220 | $229 | $233 | $238 | $240 | $230 | $231 | $237 |
| ▁▄▃█▄▁▃▁ | Total Deposits ($M) | $242 | $250 | $247 | $259 | $250 | $242 | $248 | $241 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 25% |