Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.55% | +1.82 | -2.36% |
| Return on Equity (%) | ▲ | -2.60% | +6.61 | -9.21% |
| Net Interest Margin (%) | ▼ | 4.29% | -0.63 | 4.92% |
| Efficiency Ratio (%) | ▲ | 110.09% | -1.40 | 111.49% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.05 | $-0 |
| Cost of Funds (%) | ▼ | 1.89% | +0.05 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $144 | +17.56 | $126 |
| Gross Loans ($M) | ▲ | $103 | +6.23 | $97 |
| Loan Growth YoY (%) | ▼ | 90.31% | -11.06 | 101.37% |
| Total Deposits ($M) | ▲ | $112 | +18.80 | $94 |
| Shareholders Equity ($M) | ▼ | $29 | -0.33 | $29 |
| Tang. Book Value ($M) | ▼ | $29 | -0.33 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 90.31% | -11.06 | 101.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.03 | 0.33% |
| Allowance / Loans (%) | — | 1.63% | -0.51% | 2.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.07 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▄▅▅▁ | Net Interest Margin (%) | 5.35% | 5.43% | 5.47% | 4.92% | 4.87% | 4.90% | 4.90% | 4.29% |
| ▃▃▁▆▇███ | Return on Assets (%) | -4.14% | -4.76% | -6.21% | -2.36% | -1.48% | -1.07% | -0.67% | -0.55% |
| ▆▆█▁▁▁▁▁ | Efficiency Ratio (%) | 159.5% | 162.9% | 190.4% | 111.5% | 112.5% | 110.1% | 102.1% | 110.1% |
| ▁▃▂▄██▇▄ | Cost of Funds (%) | 1.55% | 1.77% | 1.70% | 1.84% | 2.22% | 2.25% | 2.12% | 1.89% |
| ▁▁▂▇▂▂██ | NPA / Assets (%) | 0.02% | 0.02% | 0.09% | 0.33% | 0.07% | 0.07% | 0.41% | 0.36% |
| ▁▁▂▇▂▂██ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.11% | 0.44% | 0.09% | 0.09% | 0.53% | 0.51% |
| █▆▂▁▁▁▁▁ | Tang. Book Value ($M) | $33 | $32 | $30 | $29 | $29 | $29 | $29 | $29 |
| ▁▃▆▇████ | Gross Loans ($M) | $55 | $69 | $85 | $97 | $101 | $100 | $101 | $103 |
| ▁▁▃▆▇▇▇█ | Total Deposits ($M) | $47 | $53 | $69 | $94 | $100 | $99 | $98 | $112 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |