Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.88% | +3.88 | -4.76% |
| Return on Equity (%) | ▲ | -9.37% | +24.37 | -33.74% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.60 | 3.82% |
| Efficiency Ratio (%) | ▲ | 119.69% | -90.96 | 210.65% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.79 | $-1 |
| Cost of Funds (%) | ▲ | 2.40% | -0.32 | 2.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $157 | +35.53 | $121 |
| Gross Loans ($M) | ▲ | $127 | +50.90 | $76 |
| Loan Growth YoY (%) | ▲ | 100.46% | +26.70 | 73.76% |
| Total Deposits ($M) | ▲ | $125 | +23.01 | $102 |
| Shareholders Equity ($M) | ▲ | $16 | +0.77 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +0.70 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 100.46% | +26.70 | 73.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.21 | 0.01% |
| Allowance / Loans (%) | — | 1.20% | 0.01% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.25 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▂▁▁▃▆ | Net Interest Margin (%) | 4.90% | 4.44% | 4.32% | 3.82% | 3.56% | 3.68% | 3.95% | 4.42% |
| ▁▁▂▆▆▆▇█ | Return on Assets (%) | -12.00% | -10.68% | -9.22% | -4.76% | -4.47% | -3.90% | -3.12% | -0.88% |
| ██▆▄▃▃▂▁ | Efficiency Ratio (%) | 346.2% | 321.7% | 289.3% | 210.7% | 199.9% | 182.5% | 154.4% | 119.7% |
| ▁▂▅▆▆██▃ | Cost of Funds (%) | 2.15% | 2.34% | 2.60% | 2.72% | 2.73% | 2.93% | 2.94% | 2.40% |
| ▁▁▁▁▁▂▄█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.03% | 0.09% | 0.22% |
| ▁▁▁▁▁▂▄█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.04% | 0.12% | 0.27% |
| █▆▅▄▂▁▁▅ | Tang. Book Value ($M) | $18 | $17 | $15 | $15 | $14 | $13 | $12 | $16 |
| ▁▂▃▄▇▇██ | Gross Loans ($M) | $34 | $49 | $67 | $76 | $108 | $112 | $118 | $127 |
| ▁▂▄▅██▇▇ | Total Deposits ($M) | $35 | $58 | $77 | $102 | $138 | $146 | $126 | $125 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 45% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |