Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.15% | -0.17 | 0.02% |
| Return on Equity (%) | ▼ | -1.27% | -1.50 | 0.23% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.80 | 2.32% |
| Efficiency Ratio (%) | ▼ | 99.86% | +4.16 | 95.71% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.06 | $0 |
| Cost of Funds (%) | ▲ | 2.24% | -0.55 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $287 | +13.15 | $274 |
| Gross Loans ($M) | ▲ | $207 | +64.00 | $143 |
| Loan Growth YoY (%) | ▲ | 81.88% | +24.49 | 57.40% |
| Total Deposits ($M) | ▲ | $251 | +2.98 | $248 |
| Shareholders Equity ($M) | ▲ | $35 | +10.09 | $25 |
| Tang. Book Value ($M) | ▲ | $35 | +10.09 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +7.51 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 81.88% | +24.49 | 57.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.18% | 0.82% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.57% | -1.42 | 16.99% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▃▄█ | Net Interest Margin (%) | 2.09% | 1.98% | 2.06% | 2.32% | 2.35% | 2.35% | 2.51% | 3.11% |
| ▁▂▂███▆▇ | Return on Assets (%) | -1.25% | -1.05% | -0.94% | 0.02% | 0.06% | -0.05% | -0.32% | -0.15% |
| ██▆▁▁▁▃▁ | Efficiency Ratio (%) | 147.6% | 142.3% | 132.3% | 95.7% | 97.2% | 97.7% | 110.7% | 99.9% |
| ▇█▇▅▅▃▃▁ | Cost of Funds (%) | 3.04% | 3.24% | 3.09% | 2.79% | 2.78% | 2.58% | 2.52% | 2.24% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▃▁▁▂▃██ | Tang. Book Value ($M) | $26 | $27 | $24 | $25 | $26 | $27 | $34 | $35 |
| ▁▁▃▄▄▅▇█ | Gross Loans ($M) | $99 | $112 | $138 | $143 | $150 | $160 | $187 | $207 |
| ▁▄▅▆▅█▆▆ | Total Deposits ($M) | $191 | $230 | $236 | $248 | $243 | $279 | $252 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 10% |