Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.16% | +0.13 | 0.03% |
| Return on Equity (%) | ▲ | 1.77% | +1.40 | 0.37% |
| Net Interest Margin (%) | ▲ | 2.61% | +0.31 | 2.30% |
| Efficiency Ratio (%) | ▲ | 92.67% | -5.25 | 97.92% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.98% | -0.01 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $299 | +5.45 | $293 |
| Gross Loans ($M) | ▲ | $238 | +0.82 | $237 |
| Loan Growth YoY (%) | ▼ | 97.31% | -5.58 | 102.89% |
| Total Deposits ($M) | ▲ | $243 | +13.98 | $229 |
| Shareholders Equity ($M) | ▲ | $28 | +1.02 | $27 |
| Tang. Book Value ($M) | ▲ | $28 | +1.07 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +1.34 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 97.31% | -5.58 | 102.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.00 | 0.27% |
| Allowance / Loans (%) | — | 0.65% | -0.00% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.01 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.85% | +0.19 | 16.66% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▃▃▅█ | Net Interest Margin (%) | 2.31% | 2.27% | 2.25% | 2.30% | 2.35% | 2.38% | 2.44% | 2.61% |
| ▄▂▁▁▃▄▇█ | Return on Assets (%) | 0.10% | 0.06% | 0.04% | 0.03% | 0.07% | 0.09% | 0.14% | 0.16% |
| ▆▇█▇▅▃▁▁ | Efficiency Ratio (%) | 96.8% | 98.1% | 99.0% | 97.9% | 96.0% | 94.9% | 92.7% | 92.7% |
| ▁▆▆▅▆█▂▄ | Cost of Funds (%) | 1.89% | 2.01% | 2.02% | 1.98% | 2.01% | 2.07% | 1.93% | 1.98% |
| ▁▅▇▆██▅▆ | NPA / Assets (%) | 0.17% | 0.24% | 0.27% | 0.27% | 0.31% | 0.30% | 0.25% | 0.27% |
| ▁▅▆▆██▆▆ | Net Charge-Off Ratio (%) | 0.21% | 0.30% | 0.34% | 0.33% | 0.38% | 0.38% | 0.32% | 0.34% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $26 | $27 | $27 | $27 | $27 | $28 | $28 | $28 |
| ▁▁▄▆█▇█▇ | Gross Loans ($M) | $230 | $229 | $235 | $237 | $239 | $238 | $240 | $238 |
| ▁▁▁▁▂▂▇█ | Total Deposits ($M) | $229 | $229 | $230 | $229 | $232 | $232 | $241 | $243 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |