Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.62% | +2.90 | -3.52% |
| Return on Equity (%) | ▲ | -8.06% | +13.12 | -21.18% |
| Net Interest Margin (%) | ▼ | 4.53% | -0.17 | 4.70% |
| Efficiency Ratio (%) | ▲ | 106.91% | -71.20 | 178.11% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.39 | $-0 |
| Cost of Funds (%) | ▼ | 2.81% | +0.13 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $103 | +47.94 | $55 |
| Gross Loans ($M) | ▲ | $93 | +40.85 | $52 |
| Loan Growth YoY (%) | ▼ | 97.43% | -33.17 | 130.60% |
| Total Deposits ($M) | ▲ | $94 | +54.98 | $39 |
| Shareholders Equity ($M) | ▼ | $8 | -0.78 | $9 |
| Tang. Book Value ($M) | ▼ | $8 | -0.78 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 97.43% | -33.17 | 130.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.06 | 0.00% |
| Allowance / Loans (%) | — | 1.12% | -0.50% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 8.92% | +8.92 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄███▇▆ | Net Interest Margin (%) | 4.13% | 4.32% | 4.40% | 4.70% | 4.71% | 4.75% | 4.60% | 4.53% |
| ▁▁▁▄▅▆▆█ | Return on Assets (%) | -5.53% | -5.36% | -6.04% | -3.52% | -2.71% | -2.26% | -2.06% | -0.62% |
| ███▅▄▃▃▁ | Efficiency Ratio (%) | 225.6% | 218.7% | 222.3% | 178.1% | 156.9% | 147.6% | 137.1% | 106.9% |
| ▆▆▁▇▆▄▄█ | Cost of Funds (%) | 2.63% | 2.60% | 2.11% | 2.68% | 2.60% | 2.44% | 2.45% | 2.81% |
| ▁▁▁▁█▇▆▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.38% | 0.33% | 0.25% | 0.06% |
| ▁▁▁▁██▆▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.43% | 0.38% | 0.30% | 0.07% |
| █▇▄▃▂▂▁▁ | Tang. Book Value ($M) | $10 | $10 | $9 | $9 | $8 | $8 | $8 | $8 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $34 | $35 | $45 | $52 | $61 | $68 | $88 | $93 |
| ▁▁▂▂▄▅██ | Total Deposits ($M) | $29 | $31 | $37 | $39 | $59 | $70 | $94 | $94 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 52% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 7% |