Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.13% | -0.27 | 0.40% |
| Return on Equity (%) | ▼ | 1.06% | -1.67 | 2.73% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.37 | 4.44% |
| Efficiency Ratio (%) | ▲ | 85.93% | -0.83 | 86.76% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.08 | $0 |
| Cost of Funds (%) | ▼ | 1.85% | +0.13 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $295 | +67.53 | $227 |
| Gross Loans ($M) | ▲ | $213 | +75.65 | $137 |
| Loan Growth YoY (%) | ▲ | 83.53% | +13.34 | 70.19% |
| Total Deposits ($M) | ▲ | $251 | +58.95 | $192 |
| Shareholders Equity ($M) | ▲ | $35 | +1.62 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +1.62 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +1.74 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 83.53% | +13.34 | 70.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.13 | 0.42% |
| Allowance / Loans (%) | — | 1.44% | -0.23% | 1.67% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.21 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.70% | -7.36 | 23.07% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▆▆▆█▇▆▁ | Net Interest Margin (%) | 4.24% | 4.43% | 4.45% | 4.44% | 4.63% | 4.52% | 4.47% | 4.07% |
| ██▆▅▇▆▅▁ | Return on Assets (%) | 0.62% | 0.57% | 0.47% | 0.40% | 0.54% | 0.47% | 0.43% | 0.13% |
| ▁▂▃█▂▂▄█ | Efficiency Ratio (%) | 80.0% | 81.1% | 81.9% | 86.8% | 81.4% | 81.4% | 82.8% | 85.9% |
| ▁▂▃▅▆███ | Cost of Funds (%) | 1.52% | 1.57% | 1.62% | 1.73% | 1.76% | 1.84% | 1.88% | 1.85% |
| ▁▃▇██▇▅▄ | NPA / Assets (%) | 0.16% | 0.24% | 0.38% | 0.42% | 0.43% | 0.39% | 0.31% | 0.29% |
| ▁▃█▇▆▅▄▂ | Net Charge-Off Ratio (%) | 0.31% | 0.44% | 0.69% | 0.61% | 0.58% | 0.54% | 0.47% | 0.39% |
| ▁▃▁▃▅▇██ | Tang. Book Value ($M) | $33 | $33 | $33 | $34 | $34 | $35 | $35 | $35 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $101 | $109 | $121 | $137 | $157 | $164 | $174 | $213 |
| ▁▁▃▄▄▆▇█ | Total Deposits ($M) | $157 | $162 | $188 | $192 | $202 | $223 | $228 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |