Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.47% | +0.35 | -0.82% |
| Return on Equity (%) | ▲ | -5.38% | +4.14 | -9.52% |
| Net Interest Margin (%) | ▼ | 1.84% | -0.20 | 2.04% |
| Efficiency Ratio (%) | ▲ | 123.36% | -14.34 | 137.70% |
| Pre-Provision Profit ($M) | ▲ | $-2 | +0.28 | $-2 |
| Cost of Funds (%) | ▲ | 3.09% | -0.17 | 3.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,029 | +818.34 | $1,211 |
| Gross Loans ($M) | ▲ | $933 | +351.14 | $582 |
| Loan Growth YoY (%) | ▼ | 50.82% | -7.47 | 58.29% |
| Total Deposits ($M) | ▲ | $1,808 | +825.27 | $983 |
| Shareholders Equity ($M) | ▲ | $175 | +60.32 | $115 |
| Tang. Book Value ($M) | ▲ | $175 | +60.32 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $224 | +80.57 | $143 |
| Loan / Deposit Ratio (%) | ▼ | 50.82% | -7.47 | 58.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.02% | 0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.50% | -0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.00 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.26% | -1.78 | 19.04% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▄▆▇▆▁ | Net Interest Margin (%) | 2.28% | 2.24% | 2.15% | 2.04% | 2.13% | 2.19% | 2.13% | 1.84% |
| ▃▁▃▆██▆█ | Return on Assets (%) | -1.29% | -1.65% | -1.23% | -0.82% | -0.61% | -0.53% | -0.80% | -0.47% |
| ▅██▃▂▁▄▁ | Efficiency Ratio (%) | 144.2% | 162.1% | 160.7% | 137.7% | 130.8% | 126.3% | 138.2% | 123.4% |
| ▅▃▂▆▇█▁▂ | Cost of Funds (%) | 3.23% | 3.12% | 3.09% | 3.26% | 3.34% | 3.39% | 3.00% | 3.09% |
| █▇▁▁▁▁▁▁ | NPA / Assets (%) | 0.56% | 0.48% | 0.04% | 0.02% | 0.00% | 0.01% | 0.05% | 0.02% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.79% | 0.70% | 0.08% | 0.05% | 0.00% | 0.03% | 0.09% | 0.05% |
| ▁▁▃▅▅▆▇█ | Tang. Book Value ($M) | $50 | $56 | $82 | $115 | $113 | $130 | $144 | $175 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $431 | $474 | $540 | $582 | $649 | $688 | $855 | $933 |
| ▁▁▃▃▄▄▆█ | Total Deposits ($M) | $504 | $540 | $934 | $983 | $1,089 | $1,152 | $1,390 | $1,808 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 13% |