Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.05% | +2.02 | -1.97% |
| Return on Equity (%) | ▲ | 0.42% | +16.26 | -15.84% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.70 | 3.34% |
| Efficiency Ratio (%) | ▲ | 91.37% | -56.71 | 148.08% |
| Pre-Provision Profit ($M) | ▲ | $0 | +1.08 | $-1 |
| Cost of Funds (%) | ▼ | 2.12% | +0.42 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $298 | +54.05 | $244 |
| Gross Loans ($M) | ▲ | $151 | +49.64 | $101 |
| Loan Growth YoY (%) | ▲ | 67.88% | +15.03 | 52.85% |
| Total Deposits ($M) | ▲ | $219 | +30.21 | $189 |
| Shareholders Equity ($M) | ▲ | $33 | +3.78 | $29 |
| Tang. Book Value ($M) | ▲ | $24 | +4.15 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +4.21 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 67.88% | +15.03 | 52.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.23% | -0.85 | 2.09% |
| Allowance / Loans (%) | — | 1.24% | 0.11% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -1.20 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▁▃▇▇███ | Net Interest Margin (%) | 2.48% | 0.53% | 1.43% | 3.34% | 3.58% | 3.77% | 3.75% | 4.03% |
| ▄█▅▁▁▂▃█ | Return on Assets (%) | -1.20% | -0.11% | -0.74% | -1.97% | -1.91% | -1.66% | -1.41% | 0.05% |
| █▅▅█▇▆▅▁ | Efficiency Ratio (%) | 152.8% | 124.7% | 129.1% | 148.1% | 144.3% | 135.8% | 125.7% | 91.4% |
| █▁██████ | Cost of Funds (%) | 1.95% | -2.36% | 1.79% | 1.70% | 1.93% | 1.93% | 1.89% | 2.12% |
| █▄▂▁▁▁▁▁ | NPA / Assets (%) | 8.08% | 4.63% | 2.38% | 2.09% | 2.04% | 1.42% | 1.29% | 1.23% |
| ██▂▂▂▁▁▁ | Net Charge-Off Ratio (%) | 6.15% | 5.88% | 1.54% | 1.22% | 1.22% | 0.00% | 0.00% | 0.01% |
| ▁█▅▅▄▅▆▆ | Tang. Book Value ($M) | $5 | $32 | $19 | $20 | $18 | $22 | $23 | $24 |
| ▁▁▂▄▅▆██ | Gross Loans ($M) | $68 | $72 | $86 | $101 | $111 | $122 | $151 | $151 |
| ▁▂▂▄▅▆▇█ | Total Deposits ($M) | $165 | $172 | $172 | $189 | $193 | $201 | $208 | $219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |