Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.21% | +0.93 | -0.72% |
| Return on Equity (%) | ▲ | 1.77% | +6.11 | -4.34% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.17 | 3.11% |
| Efficiency Ratio (%) | ▲ | 93.26% | -24.19 | 117.46% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $-0 |
| Cost of Funds (%) | ▼ | 2.67% | +0.12 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $117 | +34.77 | $82 |
| Gross Loans ($M) | ▲ | $95 | +34.91 | $60 |
| Loan Growth YoY (%) | ▲ | 99.79% | +9.42 | 90.36% |
| Total Deposits ($M) | ▲ | $95 | +28.72 | $66 |
| Shareholders Equity ($M) | ▼ | $13 | -0.01 | $13 |
| Tang. Book Value ($M) | ▼ | $13 | -0.01 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 99.79% | +9.42 | 90.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.76% | -0.37% | 1.14% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▇▁▄▄▄▇ | Net Interest Margin (%) | 3.26% | 3.34% | 3.29% | 3.11% | 3.20% | 3.22% | 3.21% | 3.29% |
| ▁▂▃▅▆▆▇█ | Return on Assets (%) | -2.22% | -1.76% | -1.50% | -0.72% | -0.61% | -0.56% | -0.39% | 0.21% |
| █▇▆▄▄▃▃▁ | Efficiency Ratio (%) | 149.5% | 140.0% | 134.1% | 117.5% | 114.7% | 113.9% | 109.6% | 93.3% |
| ▂▁▁▂▅█▆▄ | Cost of Funds (%) | 2.55% | 2.48% | 2.46% | 2.55% | 2.70% | 2.93% | 2.79% | 2.67% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▇█▃▃▁▂▃▃ | Tang. Book Value ($M) | $13 | $13 | $13 | $13 | $13 | $13 | $13 | $13 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $44 | $47 | $55 | $60 | $68 | $75 | $86 | $95 |
| ▁▂▃▄▅▆▇█ | Total Deposits ($M) | $40 | $53 | $55 | $66 | $68 | $76 | $87 | $95 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 25% |