Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.11% | +0.01 | -0.12% |
| Return on Equity (%) | — | -0.83% | 0.00 | -0.83% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.23 | 3.00% |
| Efficiency Ratio (%) | ▼ | 97.57% | +9.08 | 88.48% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.18 | $0 |
| Cost of Funds (%) | ▲ | 2.76% | -0.35 | 3.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $422 | +107.07 | $315 |
| Gross Loans ($M) | ▲ | $381 | +119.18 | $262 |
| Loan Growth YoY (%) | ▲ | 110.19% | +14.32 | 95.87% |
| Total Deposits ($M) | ▲ | $343 | +71.88 | $271 |
| Shareholders Equity ($M) | ▲ | $53 | +10.93 | $42 |
| Tang. Book Value ($M) | ▲ | $53 | +10.93 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 110.19% | +14.32 | 95.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.16 | 0.00% |
| Allowance / Loans (%) | — | 0.86% | 0.04% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.17 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.04% | -1.99 | 15.03% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▂▃▄▄ | Net Interest Margin (%) | 3.61% | 3.52% | 3.44% | 3.00% | 3.15% | 3.17% | 3.24% | 3.24% |
| ▅▇█▁▆▆▇▁ | Return on Assets (%) | 0.10% | 0.20% | 0.26% | -0.12% | 0.15% | 0.15% | 0.18% | -0.11% |
| ▆▃▂▄▂▁▁█ | Efficiency Ratio (%) | 91.2% | 86.3% | 83.8% | 88.5% | 82.5% | 80.0% | 80.8% | 97.6% |
| ▄▆█▆▃▃▁▁ | Cost of Funds (%) | 2.95% | 3.09% | 3.31% | 3.12% | 2.85% | 2.88% | 2.70% | 2.76% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% |
| ▁▁▁▁▁███ | Tang. Book Value ($M) | $41 | $42 | $42 | $42 | $42 | $53 | $53 | $53 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $198 | $231 | $253 | $262 | $290 | $331 | $354 | $381 |
| ▁▂▃▅▇▇▆█ | Total Deposits ($M) | $188 | $221 | $241 | $271 | $306 | $316 | $303 | $343 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 16% |