Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -5.25% | +1.66 | -6.91% |
| Return on Equity (%) | ▲ | -72.20% | +55.89 | -128.09% |
| Net Interest Margin (%) | ▲ | 2.33% | +0.74 | 1.59% |
| Efficiency Ratio (%) | ▲ | 302.50% | -27.01 | 329.50% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -0.21 | $-2 |
| Cost of Funds (%) | ▲ | 2.77% | -1.09 | 3.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $186 | -12.98 | $199 |
| Gross Loans ($M) | ▼ | $111 | -4.27 | $115 |
| Loan Growth YoY (%) | ▲ | 65.87% | +3.61 | 62.26% |
| Total Deposits ($M) | ▼ | $166 | -16.89 | $183 |
| Shareholders Equity ($M) | ▲ | $18 | +8.20 | $10 |
| Tang. Book Value ($M) | ▲ | $18 | +8.20 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +8.11 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 65.87% | +3.61 | 62.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.67 | 0.67% |
| Allowance / Loans (%) | — | 1.23% | 0.26% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.31% | +5.15 | 12.16% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▂▂▃▅ | Net Interest Margin (%) | 2.97% | 2.97% | 2.67% | 1.59% | 1.76% | 1.88% | 1.97% | 2.33% |
| ██▇▁▃▄▄▃ | Return on Assets (%) | -1.06% | -1.37% | -2.04% | -6.91% | -5.18% | -4.48% | -4.10% | -5.25% |
| ▁▁▂█▇▆▅▇ | Efficiency Ratio (%) | 135.0% | 145.0% | 166.4% | 329.5% | 292.3% | 265.3% | 236.3% | 302.5% |
| ▂▆▆█▇▆▇▁ | Cost of Funds (%) | 2.92% | 3.59% | 3.54% | 3.86% | 3.64% | 3.52% | 3.61% | 2.77% |
| ▁▁█▄▄▄▁▁ | NPA / Assets (%) | 0.08% | 0.15% | 1.45% | 0.67% | 0.71% | 0.72% | 0.00% | 0.00% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.16% | 0.27% | 2.76% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| ▇▇▅▃▂▁▁█ | Tang. Book Value ($M) | $16 | $17 | $13 | $10 | $9 | $8 | $7 | $18 |
| █▅▃▃▂▂▁▁ | Gross Loans ($M) | $133 | $121 | $117 | $115 | $114 | $112 | $108 | $111 |
| █▄▅▃▂▂▁▁ | Total Deposits ($M) | $248 | $191 | $203 | $183 | $173 | $172 | $154 | $166 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 42% |