Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 6.68% | -8.73 | 15.41% |
| Return on Equity (%) | ▼ | 15.82% | -36.12 | 51.94% |
| Net Interest Margin (%) | ▼ | 14.92% | -8.78 | 23.70% |
| Efficiency Ratio (%) | ▼ | 49.03% | +24.94 | 24.09% |
| Pre-Provision Profit ($M) | ▼ | $11 | -13.74 | $24 |
| Cost of Funds (%) | ▲ | 0.18% | -0.10 | 0.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $429 | -60.34 | $490 |
| Gross Loans ($M) | ▼ | $155 | -120.41 | $275 |
| Loan Growth YoY (%) | ▼ | 74.52% | -10.25 | 84.77% |
| Total Deposits ($M) | ▼ | $207 | -117.59 | $325 |
| Shareholders Equity ($M) | ▲ | $196 | +46.72 | $150 |
| Tang. Book Value ($M) | ▲ | $196 | +46.72 | $150 |
| Loan / Deposit Ratio (%) | ▼ | 74.52% | -10.25 | 84.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.34% | — | 0.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 115.23% | +62.90 | 52.33% |
Noninterest income ($4.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇████▆▆▁ | Net Interest Margin (%) | 22.26% | 23.41% | 23.12% | 23.70% | 23.51% | 20.92% | 20.82% | 14.92% |
| ██▇██▆▆▁ | Return on Assets (%) | 14.40% | 15.05% | 14.31% | 15.41% | 14.91% | 12.95% | 12.66% | 6.68% |
| ▂▂▃▁▁▂▂█ | Efficiency Ratio (%) | 30.0% | 29.4% | 32.5% | 24.1% | 25.1% | 27.4% | 30.0% | 49.0% |
| ▇█▃▃▂▂▁▁ | Cost of Funds (%) | 0.50% | 0.58% | 0.32% | 0.27% | 0.26% | 0.22% | 0.17% | 0.18% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $107 | $118 | $131 | $150 | $162 | $174 | $189 | $196 |
| ▃▄▅█▃▄▁▂ | Gross Loans ($M) | $164 | $193 | $207 | $275 | $162 | $186 | $121 | $155 |
| ▇▂▇███▅▁ | Total Deposits ($M) | $310 | $226 | $312 | $325 | $333 | $332 | $271 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 2% |
| Consumer | 98% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 90% |
| Interest-Bearing (core) | 10% |