Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.49% | +1.00 | -1.49% |
| Return on Equity (%) | ▲ | -4.51% | +11.25 | -15.76% |
| Net Interest Margin (%) | ▲ | 2.31% | +0.29 | 2.02% |
| Efficiency Ratio (%) | ▲ | 121.72% | -50.79 | 172.51% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.53 | $-1 |
| Cost of Funds (%) | ▲ | 2.75% | -0.63 | 3.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $287 | +28.93 | $258 |
| Gross Loans ($M) | ▲ | $233 | +44.77 | $188 |
| Loan Growth YoY (%) | ▲ | 113.78% | +33.26 | 80.52% |
| Total Deposits ($M) | ▼ | $202 | -27.94 | $230 |
| Shareholders Equity ($M) | ▲ | $37 | +13.37 | $24 |
| Tang. Book Value ($M) | ▲ | $37 | +13.43 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +13.06 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 113.78% | +33.26 | 80.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.53% | +1.64 | 0.89% |
| Allowance / Loans (%) | — | 1.09% | -0.27% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 3.11% | +1.89 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▃▃▄█ | Net Interest Margin (%) | 1.94% | 1.85% | 1.85% | 2.02% | 2.00% | 1.99% | 2.04% | 2.31% |
| ▃▂▁▂▃▃▂█ | Return on Assets (%) | -1.47% | -1.51% | -1.79% | -1.49% | -1.41% | -1.43% | -1.55% | -0.49% |
| ▆██████▁ | Efficiency Ratio (%) | 160.4% | 173.7% | 177.0% | 172.5% | 173.7% | 172.7% | 179.1% | 121.7% |
| ▇██▆▆▆▂▁ | Cost of Funds (%) | 3.48% | 3.51% | 3.59% | 3.38% | 3.30% | 3.31% | 2.88% | 2.75% |
| ▁▁▂▃▆▅██ | NPA / Assets (%) | 0.20% | 0.28% | 0.84% | 0.89% | 1.98% | 1.73% | 2.82% | 2.53% |
| ▁▁▃▃▇▆██ | Net Charge-Off Ratio (%) | 0.26% | 0.42% | 1.14% | 1.22% | 2.67% | 2.25% | 3.42% | 3.11% |
| ▃▃▂▁▁▁▁█ | Tang. Book Value ($M) | $26 | $26 | $24 | $24 | $23 | $23 | $22 | $37 |
| ▁▁▃▃▂▂▆█ | Gross Loans ($M) | $172 | $167 | $190 | $188 | $182 | $179 | $215 | $233 |
| ▁▇██▆▄▃▂ | Total Deposits ($M) | $194 | $221 | $229 | $230 | $220 | $208 | $203 | $202 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 26% |