Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.47% | +0.41 | 0.07% |
| Return on Equity (%) | ▲ | 3.54% | +3.18 | 0.36% |
| Net Interest Margin (%) | ▼ | 3.35% | -0.16 | 3.52% |
| Efficiency Ratio (%) | ▲ | 67.08% | -15.39 | 82.47% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.53 | $0 |
| Cost of Funds (%) | ▼ | 3.04% | +0.10 | 2.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $314 | +99.22 | $215 |
| Gross Loans ($M) | ▲ | $249 | +74.01 | $175 |
| Loan Growth YoY (%) | ▼ | 91.10% | -8.51 | 99.60% |
| Total Deposits ($M) | ▲ | $271 | +96.26 | $174 |
| Shareholders Equity ($M) | ▲ | $41 | +2.77 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +2.77 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 91.10% | -8.51 | 99.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.12% | 0.18% | 0.94% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.49% | -5.56 | 22.05% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▅▆▅▁ | Net Interest Margin (%) | 3.84% | 3.91% | 3.80% | 3.52% | 3.66% | 3.73% | 3.68% | 3.35% |
| ▁▃▄▄██▇▆ | Return on Assets (%) | -0.51% | -0.14% | 0.00% | 0.07% | 0.83% | 0.71% | 0.67% | 0.47% |
| █▇▆▄▃▂▂▁ | Efficiency Ratio (%) | 102.1% | 93.8% | 89.9% | 82.5% | 77.2% | 74.2% | 73.8% | 67.1% |
| ▁▆█▄▇██▇ | Cost of Funds (%) | 2.78% | 2.99% | 3.09% | 2.94% | 3.07% | 3.11% | 3.11% | 3.04% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▇▇▇████ | Tang. Book Value ($M) | $26 | $38 | $38 | $38 | $39 | $40 | $40 | $41 |
| ▁▁▂▄▆▇▇█ | Gross Loans ($M) | $104 | $116 | $140 | $175 | $204 | $215 | $221 | $249 |
| ▁▁▁▃▄▆▇█ | Total Deposits ($M) | $140 | $145 | $155 | $174 | $202 | $229 | $251 | $271 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 21% |