Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.16% | -4.89 | 5.04% |
| Return on Equity (%) | ▼ | 0.18% | -5.70 | 5.88% |
| Net Interest Margin (%) | ▲ | 7.94% | +0.09 | 7.85% |
| Efficiency Ratio (%) | ▼ | 99.58% | +11.49 | 88.09% |
| Pre-Provision Profit ($M) | ▼ | $0 | -12.02 | $12 |
| Cost of Funds (%) | — | 0.00% | 0.00 | 0.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $760 | +49.78 | $710 |
| Gross Loans ($M) | ▼ | $25 | -6.89 | $32 |
| Loan Growth YoY (%) | ▼ | 500.88% | -54.50 | 555.38% |
| Total Deposits ($M) | ▼ | $5 | -0.70 | $6 |
| Shareholders Equity ($M) | ▲ | $673 | +57.71 | $615 |
| Tang. Book Value ($M) | ▲ | $673 | +57.71 | $615 |
| Loan / Deposit Ratio (%) | ▼ | 500.88% | -54.50 | 555.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.02 | 0.24% |
| Allowance / Loans (%) | — | 1.38% | -0.63% | 2.02% |
| Net Charge-Off Ratio (%) | ▼ | 6.58% | +1.38 | 5.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 273.94% | +8.08 | 265.86% |
Noninterest income ($101.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▁▃▃▂ | Net Interest Margin (%) | 8.41% | 8.30% | 8.32% | 7.85% | 7.91% | 8.03% | 8.04% | 7.94% |
| ▅▅▅▄▆█▇▁ | Return on Assets (%) | 5.57% | 6.10% | 6.25% | 5.04% | 7.19% | 10.20% | 7.95% | 0.16% |
| ▃▃▃▄▃▁▂█ | Efficiency Ratio (%) | 85.2% | 83.9% | 83.8% | 88.1% | 83.1% | 77.4% | 81.9% | 99.6% |
| ▅▅█▅▅▁▄▁ | Cost of Funds (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▇██▄▁▁▂▂ | NPA / Assets (%) | 0.27% | 0.28% | 0.29% | 0.24% | 0.20% | 0.21% | 0.21% | 0.22% |
| ▁▂▄▄▃▆▇█ | Net Charge-Off Ratio (%) | 3.88% | 4.53% | 4.96% | 5.20% | 4.84% | 5.66% | 6.12% | 6.58% |
| ▁▂▁▂▄███ | Tang. Book Value ($M) | $606 | $620 | $603 | $615 | $634 | $665 | $669 | $673 |
| █▇▅▄▃▂▁▁ | Gross Loans ($M) | $40 | $36 | $34 | $32 | $30 | $28 | $27 | $25 |
| ███▇▄▃▂▁ | Total Deposits ($M) | $6 | $6 | $6 | $6 | $5 | $5 | $5 | $5 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 99% |