Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +1.19 | -0.03% |
| Return on Equity (%) | ▲ | 4.84% | +4.90 | -0.06% |
| Net Interest Margin (%) | ▼ | 2.90% | -1.29 | 4.20% |
| Efficiency Ratio (%) | ▲ | 43.27% | -53.17 | 96.44% |
| Pre-Provision Profit ($M) | ▲ | $3 | +3.02 | $0 |
| Cost of Funds (%) | ▼ | 2.65% | +1.59 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $783 | +612.12 | $171 |
| Gross Loans ($M) | ▲ | $473 | +383.42 | $89 |
| Loan Growth YoY (%) | ▼ | 84.78% | -78.88 | 163.66% |
| Total Deposits ($M) | ▲ | $557 | +503.10 | $54 |
| Shareholders Equity ($M) | ▲ | $185 | +86.11 | $99 |
| Tang. Book Value ($M) | ▲ | $185 | +86.11 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $194 | +92.05 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 84.78% | -78.88 | 163.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.02 | 0.04% |
| Allowance / Loans (%) | — | 0.04% | -0.49% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 35.90% | -58.50 | 94.40% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▁▃███▇▅ | Net Interest Margin (%) | 3.38% | 0.73% | 1.92% | 4.20% | 4.41% | 4.60% | 3.75% | 2.90% |
| ▇▃▃▁▃▆██ | Return on Assets (%) | 0.94% | 0.38% | 0.33% | -0.03% | 0.30% | 0.78% | 1.02% | 1.16% |
| ▂▁▇█▇▆▄▃ | Efficiency Ratio (%) | 36.0% | 24.8% | 86.1% | 96.4% | 87.1% | 73.2% | 59.0% | 43.3% |
| ▇▁▅▅▆▆▇█ | Cost of Funds (%) | 1.76% | -1.36% | 1.08% | 1.06% | 1.44% | 1.18% | 1.65% | 2.65% |
| █▁▂▁▁▁▁▁ | NPA / Assets (%) | 0.44% | 0.04% | 0.08% | 0.04% | 0.06% | 0.02% | 0.01% | 0.01% |
| █▂▅▁▂▁▁▁ | Net Charge-Off Ratio (%) | 0.54% | 0.12% | 0.32% | 0.07% | 0.10% | 0.04% | 0.03% | 0.02% |
| ▁▄▄▄▄███ | Tang. Book Value ($M) | $23 | $97 | $98 | $99 | $99 | $181 | $183 | $185 |
| ▁▁▁▁▂▃▇█ | Gross Loans ($M) | $64 | $54 | $45 | $89 | $118 | $163 | $388 | $473 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $54 | $63 | $65 | $54 | $102 | $102 | $532 | $557 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 8% |
| Brokered / Other | 91% |