Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.82% | +2.07 | -2.88% |
| Return on Equity (%) | ▲ | -5.09% | +3.94 | -9.03% |
| Net Interest Margin (%) | ▲ | 2.74% | +0.15 | 2.59% |
| Efficiency Ratio (%) | ▲ | 117.78% | -103.12 | 220.90% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +1.29 | $-2 |
| Cost of Funds (%) | ▼ | 2.20% | +0.02 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $467 | +234.55 | $232 |
| Gross Loans ($M) | ▲ | $212 | +165.84 | $46 |
| Loan Growth YoY (%) | ▲ | 61.19% | +31.37 | 29.82% |
| Total Deposits ($M) | ▲ | $344 | +189.70 | $154 |
| Shareholders Equity ($M) | ▼ | $71 | -5.95 | $77 |
| Tang. Book Value ($M) | ▼ | $71 | -5.95 | $77 |
| TBV excl. AOCI ($M)** | ▼ | $75 | -3.37 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 61.19% | +31.37 | 29.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.91% | -0.10% | 1.01% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.32% | -97.16 | 128.48% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▁▂▂▁ | Net Interest Margin (%) | 4.30% | 4.04% | 3.75% | 2.59% | 2.78% | 2.83% | 2.86% | 2.74% |
| ▁▂▂▆▅▆▆█ | Return on Assets (%) | -7.34% | -6.44% | -5.74% | -2.88% | -3.47% | -3.25% | -2.50% | -0.82% |
| ██▇▆▅▅▃▁ | Efficiency Ratio (%) | 275.4% | 258.1% | 250.9% | 220.9% | 212.5% | 200.9% | 170.3% | 117.8% |
| ▂█▄▄▁▃▂▄ | Cost of Funds (%) | 2.02% | 2.83% | 2.27% | 2.19% | 1.79% | 2.17% | 1.95% | 2.20% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▇▅▅▃▂▁▁ | Tang. Book Value ($M) | $83 | $81 | $78 | $77 | $75 | $73 | $72 | $71 |
| ▁▁▁▁▄▆▇█ | Gross Loans ($M) | $31 | $44 | $50 | $46 | $101 | $150 | $186 | $212 |
| ▁▁▃▂▃▅▇█ | Total Deposits ($M) | $102 | $109 | $172 | $154 | $173 | $232 | $302 | $344 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 39% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 5% |