Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.23% | -0.62 | 0.39% |
| Return on Equity (%) | ▼ | -3.93% | -11.77 | 7.84% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.62 | 3.58% |
| Efficiency Ratio (%) | ▼ | 91.97% | +4.51 | 87.46% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.05 | $0 |
| Cost of Funds (%) | ▲ | 2.04% | -0.25 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +86.65 | $345 |
| Gross Loans ($M) | ▲ | $337 | +81.71 | $256 |
| Loan Growth YoY (%) | ▲ | 88.00% | +7.39 | 80.61% |
| Total Deposits ($M) | ▲ | $379 | +65.57 | $313 |
| Shareholders Equity ($M) | ▲ | $23 | +6.08 | $17 |
| Tang. Book Value ($M) | ▲ | $23 | +6.08 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +6.12 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 88.00% | +7.39 | 80.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.62% | +1.38 | 1.23% |
| Allowance / Loans (%) | — | 1.15% | -0.03% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 2.96% | +1.36 | 1.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.30% | -1.02 | 11.33% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.16% | 3.18% | 3.22% | 3.58% | 3.76% | 3.91% | 4.06% | 4.20% |
| ▃▃▃▃▃▃█▁ | Return on Assets (%) | 0.64% | 0.59% | 0.52% | 0.39% | 0.43% | 0.65% | 2.22% | -0.23% |
| ▅▆▆█▇▆▁█ | Efficiency Ratio (%) | 75.9% | 79.4% | 81.4% | 87.5% | 87.3% | 80.8% | 54.6% | 92.0% |
| █▇▇▅▇▅▇▁ | Cost of Funds (%) | 2.45% | 2.40% | 2.37% | 2.29% | 2.39% | 2.27% | 2.35% | 2.04% |
| ▁▂▂▁▁▂█▇ | NPA / Assets (%) | 1.37% | 1.47% | 1.63% | 1.23% | 1.37% | 1.62% | 2.92% | 2.62% |
| ▂▃▃▁▁▁█▇ | Net Charge-Off Ratio (%) | 1.89% | 2.07% | 2.15% | 1.60% | 1.70% | 1.72% | 3.25% | 2.96% |
| ▁▁▂▃▂▄██ | Tang. Book Value ($M) | $15 | $15 | $16 | $17 | $17 | $19 | $24 | $23 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $235 | $231 | $243 | $256 | $261 | $276 | $302 | $337 |
| ▁▁▁▂▁▃▄█ | Total Deposits ($M) | $298 | $299 | $305 | $313 | $305 | $323 | $333 | $379 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 17% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |