Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.44 | -0.10% |
| Return on Equity (%) | ▲ | 10.58% | +31.73 | -21.15% |
| Net Interest Margin (%) | ▲ | 1.97% | +0.26 | 1.71% |
| Efficiency Ratio (%) | ▲ | 82.56% | -17.78 | 100.33% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $-0 |
| Cost of Funds (%) | ▲ | 1.67% | -0.29 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $211 | +4.01 | $207 |
| Gross Loans ($M) | ▲ | $51 | +14.58 | $36 |
| Loan Growth YoY (%) | ▲ | 24.70% | +7.18 | 17.52% |
| Total Deposits ($M) | ▼ | $204 | -1.00 | $205 |
| Shareholders Equity ($M) | ▲ | $7 | +4.96 | $2 |
| Tang. Book Value ($M) | ▲ | $7 | +4.96 | $2 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +4.95 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 24.70% | +7.18 | 17.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.06% | -0.08% | 1.14% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 33.92% | -3.81 | 37.73% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▆█ | Net Interest Margin (%) | 1.27% | 1.32% | 1.38% | 1.71% | 1.73% | 1.77% | 1.79% | 1.97% |
| ▁▂▂▄▄▅▅█ | Return on Assets (%) | -0.41% | -0.30% | -0.26% | -0.10% | -0.06% | -0.00% | 0.05% | 0.34% |
| ███▆▄▄▃▁ | Efficiency Ratio (%) | 110.0% | 107.9% | 107.8% | 100.3% | 94.1% | 93.9% | 91.5% | 82.6% |
| ▆█▅▄▂▂▁▂ | Cost of Funds (%) | 2.18% | 2.44% | 2.00% | 1.96% | 1.67% | 1.77% | 1.55% | 1.67% |
| ▁▁▁▁█▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▆▂▃▄███ | Tang. Book Value ($M) | $-1 | $4 | $0 | $2 | $2 | $6 | $7 | $7 |
| ▁▁▂▃▆▆██ | Gross Loans ($M) | $30 | $31 | $33 | $36 | $46 | $45 | $51 | $51 |
| ▅▁▇▅█▁▄▄ | Total Deposits ($M) | $207 | $188 | $214 | $205 | $223 | $186 | $204 | $204 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 3% |