Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.06 | 1.55% |
| Return on Equity (%) | ▲ | 19.65% | +0.60 | 19.05% |
| Net Interest Margin (%) | ▼ | 3.42% | -0.08 | 3.50% |
| Efficiency Ratio (%) | ▼ | 68.70% | +2.76 | 65.94% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.03 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $471 | +60.06 | $411 |
| Gross Loans ($M) | ▲ | $311 | +8.82 | $302 |
| Loan Growth YoY (%) | ▼ | 71.46% | -8.56 | 80.02% |
| Total Deposits ($M) | ▲ | $429 | +56.64 | $373 |
| Shareholders Equity ($M) | ▲ | $39 | +3.96 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +3.86 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.34 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 71.46% | -8.56 | 80.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.25% | 0.05% | 1.19% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.34% | +0.80 | 13.55% |
Noninterest income ($2.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▇██▁ | Net Interest Margin (%) | 3.40% | 3.39% | 3.41% | 3.50% | 3.65% | 3.73% | 3.72% | 3.42% |
| ▁▃▄▆▇██▇ | Return on Assets (%) | 1.15% | 1.30% | 1.39% | 1.55% | 1.62% | 1.70% | 1.71% | 1.61% |
| █▇▆▁▂▂▂▄ | Efficiency Ratio (%) | 72.2% | 70.6% | 69.8% | 65.9% | 67.0% | 66.8% | 67.3% | 68.7% |
| █▆▃▄▄▃▁▃ | Cost of Funds (%) | 1.72% | 1.65% | 1.55% | 1.59% | 1.60% | 1.57% | 1.49% | 1.55% |
| █▁▁▁▃▃▁▁ | NPA / Assets (%) | 0.06% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.00% | 0.00% |
| █▁▁▁▃▃▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.00% | 0.00% |
| ▁▃▃▅▅███ | Tang. Book Value ($M) | $30 | $33 | $33 | $35 | $35 | $38 | $38 | $38 |
| ▁▂▃▆█▇▆█ | Gross Loans ($M) | $275 | $282 | $287 | $302 | $315 | $306 | $302 | $311 |
| ▁▂▅▃▂▄██ | Total Deposits ($M) | $343 | $365 | $387 | $373 | $363 | $385 | $430 | $429 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |