Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.07% | +0.08 | -0.01% |
| Return on Equity (%) | ▲ | 0.76% | +0.86 | -0.10% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.34 | 3.15% |
| Efficiency Ratio (%) | ▲ | 97.64% | -3.89 | 101.53% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $-0 |
| Cost of Funds (%) | ▲ | 1.27% | -0.13 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $302 | -8.38 | $311 |
| Gross Loans ($M) | ▲ | $243 | +1.97 | $241 |
| Loan Growth YoY (%) | ▼ | 100.95% | -5.19 | 106.15% |
| Total Deposits ($M) | ▲ | $239 | +13.55 | $226 |
| Shareholders Equity ($M) | ▲ | $30 | +0.30 | $29 |
| Tang. Book Value ($M) | ▲ | $30 | +0.30 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +0.03 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 100.95% | -5.19 | 106.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.03 | 0.08% |
| Allowance / Loans (%) | — | 0.56% | -0.00% | 0.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.92% | +0.32 | 15.59% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▄▅▆█ | Net Interest Margin (%) | 3.03% | 3.13% | 3.17% | 3.15% | 3.22% | 3.29% | 3.37% | 3.49% |
| ▁▃▃▆▇▇██ | Return on Assets (%) | -0.19% | -0.12% | -0.09% | -0.01% | 0.01% | 0.02% | 0.06% | 0.07% |
| █▆▅▃▂▁▁▁ | Efficiency Ratio (%) | 109.7% | 106.2% | 104.7% | 101.5% | 100.2% | 99.0% | 97.5% | 97.6% |
| ▅▆▆██▅▁▁ | Cost of Funds (%) | 1.36% | 1.36% | 1.37% | 1.40% | 1.42% | 1.36% | 1.26% | 1.27% |
| ██▂▂▁▁▁▁ | NPA / Assets (%) | 0.25% | 0.25% | 0.08% | 0.08% | 0.03% | 0.03% | 0.05% | 0.05% |
| ██▁▁▂▂▃▃ | Net Charge-Off Ratio (%) | 0.22% | 0.22% | 0.00% | 0.00% | 0.04% | 0.04% | 0.06% | 0.06% |
| ▁▁▁▁▃▃▇█ | Tang. Book Value ($M) | $29 | $29 | $29 | $29 | $29 | $29 | $30 | $30 |
| ▁▁▃▅▄▇██ | Gross Loans ($M) | $237 | $238 | $239 | $241 | $240 | $242 | $243 | $243 |
| ▁▁▃▃▂███ | Total Deposits ($M) | $217 | $219 | $223 | $226 | $223 | $239 | $237 | $239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 15% |