Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.37 | 0.93% |
| Return on Equity (%) | ▼ | 4.33% | -3.67 | 8.00% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.20 | 3.26% |
| Efficiency Ratio (%) | ▼ | 75.33% | +4.21 | 71.12% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $1 |
| Cost of Funds (%) | ▼ | 2.82% | +0.03 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $811 | +319.52 | $491 |
| Gross Loans ($M) | ▲ | $570 | +236.41 | $334 |
| Loan Growth YoY (%) | ▲ | 82.52% | +3.79 | 78.72% |
| Total Deposits ($M) | ▲ | $682 | +263.56 | $419 |
| Shareholders Equity ($M) | ▲ | $104 | +42.90 | $61 |
| Tang. Book Value ($M) | ▲ | $104 | +43.00 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +46.19 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 82.52% | +3.79 | 78.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.28% | 0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▅██▆ | Net Interest Margin (%) | 3.23% | 3.15% | 3.14% | 3.26% | 3.44% | 3.56% | 3.62% | 3.46% |
| ██▄█▃▁▃▁ | Return on Assets (%) | 0.92% | 0.91% | 0.73% | 0.93% | 0.69% | 0.57% | 0.69% | 0.57% |
| ▇▇█▆▆▄▁█ | Efficiency Ratio (%) | 73.1% | 72.6% | 74.1% | 71.1% | 71.2% | 66.8% | 61.0% | 75.3% |
| █▆▅▂▃▁▂▂ | Cost of Funds (%) | 3.29% | 3.09% | 3.05% | 2.79% | 2.89% | 2.67% | 2.77% | 2.82% |
| ██▇▁▁▁▁▁ | NPA / Assets (%) | 0.24% | 0.21% | 0.19% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| ██▇▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.30% | 0.29% | 0.26% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% |
| ▁▁▁▃▆▇██ | Tang. Book Value ($M) | $45 | $45 | $44 | $61 | $88 | $96 | $103 | $104 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $269 | $269 | $298 | $334 | $372 | $448 | $514 | $570 |
| ▁▁▂▃▄▆██ | Total Deposits ($M) | $294 | $325 | $370 | $419 | $451 | $556 | $646 | $682 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |