Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.05% | +0.06 | -0.01% |
| Return on Equity (%) | ▲ | 0.18% | +0.25 | -0.07% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.71 | 3.00% |
| Efficiency Ratio (%) | ▲ | 94.12% | -2.85 | 96.97% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 0.96% | -0.47 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $478 | +12.34 | $465 |
| Gross Loans ($M) | ▲ | $292 | +44.62 | $247 |
| Loan Growth YoY (%) | ▲ | 83.57% | +19.57 | 64.00% |
| Total Deposits ($M) | ▼ | $346 | -36.80 | $382 |
| Shareholders Equity ($M) | ▲ | $123 | +43.09 | $80 |
| Tang. Book Value ($M) | ▲ | $123 | +43.27 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $129 | +42.43 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 83.57% | +19.57 | 64.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.10 | 0.38% |
| Allowance / Loans (%) | — | 0.97% | 0.05% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.15 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.22% | 2.27% | 2.41% | 3.00% | 3.13% | 3.19% | 3.35% | 3.72% |
| ▁▁▃▆▇▇█▆ | Return on Assets (%) | -0.73% | -0.68% | -0.36% | -0.01% | 0.17% | 0.20% | 0.35% | 0.05% |
| ██▇▃▂▁▁▃ | Efficiency Ratio (%) | 126.5% | 123.5% | 118.0% | 97.0% | 89.1% | 87.6% | 82.3% | 94.1% |
| ██▇▆▆▆▃▁ | Cost of Funds (%) | 1.65% | 1.66% | 1.52% | 1.43% | 1.44% | 1.40% | 1.14% | 0.96% |
| ▃▆█▇▅▇█▁ | NPA / Assets (%) | 0.31% | 0.36% | 0.40% | 0.38% | 0.35% | 0.38% | 0.38% | 0.28% |
| ███▃▂▂▄▁ | Net Charge-Off Ratio (%) | 0.68% | 0.73% | 0.68% | 0.36% | 0.29% | 0.33% | 0.42% | 0.21% |
| ▁▁▁▁▁▂██ | Tang. Book Value ($M) | $76 | $79 | $77 | $79 | $81 | $82 | $123 | $123 |
| ▁▂▄▅▅▅▇█ | Gross Loans ($M) | $201 | $216 | $243 | $247 | $250 | $252 | $272 | $292 |
| ▄▃▆█▆▆▃▁ | Total Deposits ($M) | $362 | $355 | $370 | $382 | $370 | $369 | $357 | $346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |