Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.82% | +7.59 | -8.41% |
| Return on Equity (%) | ▲ | -5.35% | +3.66 | -9.01% |
| Net Interest Margin (%) | ▲ | 2.50% | +1.87 | 0.63% |
| Efficiency Ratio (%) | ▲ | 136.42% | -1763.58 | 1,900.00% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.57 | $-1 |
| Cost of Funds (%) | ▼ | 1.53% | +1.52 | 0.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $279 | +238.84 | $40 |
| Gross Loans ($M) | ▲ | $77 | +76.83 | $0 |
| Loan Growth YoY (%) | ▲ | 31.46% | +31.46 | 0.00% |
| Total Deposits ($M) | ▲ | $242 | +239.41 | $3 |
| Shareholders Equity ($M) | ▼ | $35 | -2.51 | $38 |
| Tang. Book Value ($M) | ▼ | $35 | -2.53 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 31.46% | +31.46 | 0.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.90% | — | 0.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 36.24% | -396.86 | 433.10% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|
| ▁▅▆▇█ | Net Interest Margin (%) | 0.63% | 1.78% | 2.01% | 2.16% | 2.50% |
| ▁▄▆▆█ | Return on Assets (%) | -8.41% | -5.29% | -3.61% | -2.80% | -0.82% |
| █▂▁▁▁ | Efficiency Ratio (%) | 1,900.0% | 472.8% | 312.1% | 244.5% | 136.4% |
| ▁▃▇█▇ | Cost of Funds (%) | 0.01% | 0.62% | 1.61% | 1.87% | 1.53% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▄▂▁ | Tang. Book Value ($M) | $38 | $37 | $36 | $36 | $35 |
| ▁▂▄██ | Gross Loans ($M) | $0 | $13 | $36 | $68 | $77 |
| ▁▂▄▅█ | Total Deposits ($M) | $3 | $43 | $104 | $146 | $242 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 1% |