Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.02% | +3.58 | -3.57% |
| Return on Equity (%) | ▲ | 0.15% | +18.26 | -18.11% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.93 | 2.67% |
| Efficiency Ratio (%) | ▲ | 99.79% | -127.17 | 226.96% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +1.85 | $-2 |
| Cost of Funds (%) | ▼ | 1.22% | +0.27 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $406 | +163.94 | $242 |
| Gross Loans ($M) | ▲ | $265 | +126.63 | $138 |
| Loan Growth YoY (%) | ▲ | 73.28% | +1.58 | 71.70% |
| Total Deposits ($M) | ▲ | $357 | +166.37 | $190 |
| Shareholders Equity ($M) | ▲ | $44 | +2.74 | $41 |
| Tang. Book Value ($M) | ▲ | $42 | +0.75 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 73.28% | +1.58 | 71.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Allowance / Loans (%) | — | 1.26% | 0.07% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.53% | -20.92 | 39.45% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▇▃▁▄▆█ | Net Interest Margin (%) | 3.05% | 3.25% | 3.26% | 2.67% | 2.22% | 2.75% | 3.08% | 3.59% |
| ▁▁▁▁████ | Return on Assets (%) | -3.55% | -3.27% | -3.30% | -3.57% | 0.50% | 0.06% | 0.29% | 0.02% |
| ▇▇▇█▁▁▁▁ | Efficiency Ratio (%) | 209.0% | 196.9% | 198.4% | 227.0% | 86.5% | 93.3% | 93.0% | 99.8% |
| ▅▂▃▁▁█▄▂ | Cost of Funds (%) | 1.71% | 1.17% | 1.28% | 0.95% | 1.06% | 2.26% | 1.45% | 1.22% |
| ▁▁▁▁█▇▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.10% | 0.05% | 0.05% |
| ▁▁▁▁█▆▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.14% | 0.08% | 0.07% |
| █▆▄▁▁▁▂▂ | Tang. Book Value ($M) | $46 | $45 | $43 | $41 | $41 | $41 | $42 | $42 |
| ▁▁▁▁██▇▇ | Gross Loans ($M) | $142 | $142 | $138 | $138 | $302 | $298 | $272 | $265 |
| ▁▁▁▂█▇▇▇ | Total Deposits ($M) | $134 | $142 | $131 | $190 | $430 | $369 | $366 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 11% |