Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.38% | -0.74 | 0.36% |
| Return on Equity (%) | ▼ | -2.49% | -4.39 | 1.90% |
| Net Interest Margin (%) | ▼ | 4.32% | -0.82 | 5.14% |
| Efficiency Ratio (%) | ▼ | 100.24% | +13.97 | 86.27% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.20 | $0 |
| Cost of Funds (%) | ▼ | 1.66% | +0.49 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $165 | +38.42 | $127 |
| Gross Loans ($M) | ▲ | $103 | +21.34 | $82 |
| Loan Growth YoY (%) | ▼ | 76.16% | -7.77 | 83.93% |
| Total Deposits ($M) | ▲ | $135 | +37.59 | $97 |
| Shareholders Equity ($M) | ▲ | $24 | +0.64 | $24 |
| Tang. Book Value ($M) | ▲ | $17 | +0.47 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 76.16% | -7.77 | 83.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.43 | 0.00% |
| Allowance / Loans (%) | — | 0.67% | 0.17% | 0.49% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.69 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅█▇▇▁ | Net Interest Margin (%) | 4.44% | 4.48% | 4.64% | 5.14% | 5.86% | 5.62% | 5.62% | 4.32% |
| ▆▅▃▆▇▅█▁ | Return on Assets (%) | 0.32% | 0.21% | -0.07% | 0.36% | 0.46% | 0.23% | 0.65% | -0.38% |
| ▂▃▃▃▃▄▁█ | Efficiency Ratio (%) | 83.5% | 85.9% | 86.0% | 86.3% | 84.1% | 87.0% | 78.5% | 100.2% |
| ▅▃▃▁▁▅██ | Cost of Funds (%) | 1.42% | 1.31% | 1.28% | 1.17% | 1.14% | 1.46% | 1.60% | 1.66% |
| ▁▁▁▁▁██▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.41% | 3.21% | 0.43% |
| ▁▁▁▁▁██▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.92% | 4.78% | 0.69% |
| ▁▁▅▆▇▇██ | Tang. Book Value ($M) | $15 | $15 | $16 | $16 | $17 | $17 | $17 | $17 |
| ▁▂▃▅▆███ | Gross Loans ($M) | $58 | $67 | $74 | $82 | $93 | $103 | $105 | $103 |
| ▁▁▁▂▃▅▇█ | Total Deposits ($M) | $92 | $96 | $97 | $97 | $107 | $117 | $126 | $135 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 20% |