Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.44% | +5.77 | -5.33% |
| Return on Equity (%) | ▲ | 3.44% | +12.60 | -9.16% |
| Net Interest Margin (%) | ▼ | 4.14% | -0.50 | 4.63% |
| Efficiency Ratio (%) | ▲ | 76.98% | -108.09 | 185.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.29 | $-1 |
| Cost of Funds (%) | ▼ | 1.03% | +0.21 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $312 | +230.06 | $82 |
| Gross Loans ($M) | ▲ | $143 | +105.16 | $37 |
| Loan Growth YoY (%) | ▼ | 51.62% | -31.50 | 83.12% |
| Total Deposits ($M) | ▲ | $272 | +227.72 | $44 |
| Shareholders Equity ($M) | ▲ | $39 | +2.22 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +2.22 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +7.18 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 51.62% | -31.50 | 83.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.51% | 0.01% | 1.49% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.95% | -53.22 | 79.17% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|
| ▁███▇▇ | Net Interest Margin (%) | 1.09% | 4.63% | 5.06% | 4.78% | 4.30% | 4.14% |
| ▆▁▃▄▆█ | Return on Assets (%) | -1.26% | -5.33% | -3.84% | -2.45% | -1.33% | 0.44% |
| █▆▄▃▂▁ | Efficiency Ratio (%) | 238.7% | 185.1% | 144.2% | 123.3% | 101.8% | 77.0% |
| ▁▅▇█▆▆ | Cost of Funds (%) | 0.13% | 0.81% | 1.28% | 1.45% | 1.02% | 1.03% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▅▃▁▁██ | Tang. Book Value ($M) | $38 | $37 | $36 | $36 | $39 | $39 |
| ▁▂▄▅▇█ | Gross Loans ($M) | $10 | $37 | $66 | $87 | $119 | $143 |
| ▁▂▂▄██ | Total Deposits ($M) | $8 | $44 | $72 | $115 | $261 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 54% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 8% |