Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.28% | -0.56 | 0.28% |
| Return on Equity (%) | ▼ | -2.37% | -4.04 | 1.67% |
| Net Interest Margin (%) | ▼ | 3.77% | -1.24 | 5.01% |
| Efficiency Ratio (%) | ▼ | 98.09% | +8.57 | 89.52% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.08 | $0 |
| Cost of Funds (%) | ▼ | 1.96% | +0.84 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $123 | +35.89 | $87 |
| Gross Loans ($M) | ▲ | $73 | +35.15 | $38 |
| Loan Growth YoY (%) | ▲ | 66.95% | +15.11 | 51.84% |
| Total Deposits ($M) | ▲ | $109 | +35.67 | $73 |
| Shareholders Equity ($M) | ▲ | $14 | +0.04 | $14 |
| Tang. Book Value ($M) | ▲ | $11 | +0.16 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 66.95% | +15.11 | 51.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Allowance / Loans (%) | — | 0.91% | -0.23% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.06 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅██▇▆▃ | Net Interest Margin (%) | 3.13% | 3.79% | 4.25% | 5.01% | 4.94% | 4.73% | 4.50% | 3.77% |
| ▂▁▁██▆▇▃ | Return on Assets (%) | -0.34% | -0.41% | -0.50% | 0.28% | 0.28% | 0.06% | 0.11% | -0.28% |
| ▃▆▆▂▁▃▆█ | Efficiency Ratio (%) | 90.3% | 94.2% | 94.0% | 89.5% | 86.9% | 90.6% | 94.8% | 98.1% |
| ▁▁▃▄▄▇██ | Cost of Funds (%) | 0.44% | 0.53% | 0.94% | 1.12% | 1.13% | 1.66% | 1.89% | 1.96% |
| ▁▁▃▁█▃▄▃ | NPA / Assets (%) | 0.01% | 0.00% | 0.04% | 0.00% | 0.13% | 0.05% | 0.06% | 0.04% |
| ▂▁▃▁█▃▃▂ | Net Charge-Off Ratio (%) | 0.07% | 0.01% | 0.10% | 0.01% | 0.27% | 0.08% | 0.09% | 0.06% |
| ▁█▂▄▅▆▇▆ | Tang. Book Value ($M) | $10 | $11 | $10 | $10 | $11 | $11 | $11 | $11 |
| ▁▁▃▄▅▆██ | Gross Loans ($M) | $12 | $15 | $31 | $38 | $48 | $57 | $72 | $73 |
| ▁▁▂▃▄▅▇█ | Total Deposits ($M) | $58 | $58 | $67 | $73 | $81 | $87 | $102 | $109 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 41% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |