Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.48% | +0.53 | -1.01% |
| Return on Equity (%) | ▲ | -3.77% | +4.56 | -8.33% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.68 | 3.40% |
| Efficiency Ratio (%) | ▲ | 108.17% | -25.79 | 133.96% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.37 | $-1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.08 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $279 | +64.88 | $214 |
| Gross Loans ($M) | ▲ | $170 | +72.25 | $98 |
| Loan Growth YoY (%) | ▲ | 81.93% | +28.93 | 53.00% |
| Total Deposits ($M) | ▲ | $206 | +23.17 | $182 |
| Shareholders Equity ($M) | ▲ | $34 | +3.61 | $30 |
| Tang. Book Value ($M) | ▲ | $32 | +3.63 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.07 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 81.93% | +28.93 | 53.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.50 | 0.19% |
| Allowance / Loans (%) | — | 0.98% | -0.20% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +0.72 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 3.18% | 3.26% | 3.20% | 3.40% | 3.50% | 3.66% | 3.74% | 4.08% |
| ▂▁▂▅▅▄▂█ | Return on Assets (%) | -1.42% | -1.56% | -1.40% | -1.01% | -1.00% | -1.07% | -1.35% | -0.48% |
| ▇▇█▆▄▃▃▁ | Efficiency Ratio (%) | 139.5% | 137.4% | 146.5% | 134.0% | 126.3% | 119.9% | 119.8% | 108.2% |
| ▇▅▄▂▄█▁▁ | Cost of Funds (%) | 1.80% | 1.70% | 1.68% | 1.58% | 1.68% | 1.88% | 1.52% | 1.50% |
| ▆▄▂▂▁▁▁█ | NPA / Assets (%) | 0.49% | 0.40% | 0.25% | 0.19% | 0.16% | 0.15% | 0.11% | 0.69% |
| ▆▅▄▂▂▁▁█ | Net Charge-Off Ratio (%) | 0.88% | 0.74% | 0.55% | 0.41% | 0.32% | 0.26% | 0.19% | 1.12% |
| ▁▁▂▇▆▇██ | Tang. Book Value ($M) | $14 | $14 | $18 | $28 | $27 | $28 | $32 | $32 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $72 | $80 | $89 | $98 | $110 | $126 | $146 | $170 |
| ▁▂▆▇▇▆██ | Total Deposits ($M) | $111 | $131 | $177 | $182 | $189 | $173 | $205 | $206 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 5% |