Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -2.80% | +1.92 | -4.72% |
| Return on Equity (%) | ▲ | -28.88% | +3.17 | -32.05% |
| Net Interest Margin (%) | ▼ | 3.80% | -1.14 | 4.94% |
| Efficiency Ratio (%) | ▲ | 174.95% | -27.67 | 202.62% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.18 | $-1 |
| Cost of Funds (%) | ▼ | 2.70% | +0.05 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $111 | +35.97 | $76 |
| Gross Loans ($M) | ▲ | $77 | +14.04 | $63 |
| Loan Growth YoY (%) | ▼ | 76.47% | -30.74 | 107.20% |
| Total Deposits ($M) | ▲ | $100 | +41.43 | $58 |
| Shareholders Equity ($M) | ▼ | $10 | -0.52 | $11 |
| Tang. Book Value ($M) | ▼ | $10 | -0.52 | $11 |
| Loan / Deposit Ratio (%) | ▼ | 76.47% | -30.74 | 107.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +0.34 | 0.96% |
| Allowance / Loans (%) | — | 1.28% | 0.23% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.87% | +0.73 | 1.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ████▆▄▄▁ | Net Interest Margin (%) | 4.89% | 4.95% | 5.02% | 4.94% | 4.64% | 4.35% | 4.30% | 3.80% |
| ▁▁▃▄▄▆▆█ | Return on Assets (%) | -5.90% | -6.07% | -5.06% | -4.72% | -4.74% | -3.95% | -3.88% | -2.80% |
| █▇▂▅▃▁▁▁ | Efficiency Ratio (%) | 221.8% | 212.5% | 181.1% | 202.6% | 191.5% | 179.4% | 178.7% | 175.0% |
| ▁▁▁▄▄▅█▄ | Cost of Funds (%) | 2.33% | 2.35% | 2.40% | 2.65% | 2.65% | 2.73% | 3.09% | 2.70% |
| ▁▇▆▆▆▄▄█ | NPA / Assets (%) | 0.00% | 1.04% | 0.97% | 0.96% | 0.85% | 0.62% | 0.63% | 1.30% |
| ▁▇▅▅▅▄▄█ | Net Charge-Off Ratio (%) | 0.00% | 1.41% | 1.16% | 1.14% | 1.09% | 0.93% | 0.86% | 1.87% |
| █▆▄▂▇▅▃▁ | Tang. Book Value ($M) | $13 | $12 | $12 | $11 | $13 | $12 | $11 | $10 |
| ▁▂▅▅▇███ | Gross Loans ($M) | $46 | $51 | $62 | $63 | $71 | $73 | $76 | $77 |
| ▁▁▁▁▄▇▆█ | Total Deposits ($M) | $57 | $55 | $57 | $58 | $73 | $94 | $88 | $100 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 29% |
| Brokered / Other | 45% |