Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.38 | 1.11% |
| Return on Equity (%) | ▲ | 22.55% | +0.88 | 21.67% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.61 | 3.88% |
| Efficiency Ratio (%) | ▲ | 70.44% | -3.26 | 73.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.66% | -0.53 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $251 | -2.41 | $253 |
| Gross Loans ($M) | ▲ | $156 | +6.08 | $150 |
| Loan Growth YoY (%) | ▲ | 73.05% | +8.13 | 64.92% |
| Total Deposits ($M) | ▼ | $210 | -16.97 | $227 |
| Shareholders Equity ($M) | ▲ | $16 | +3.10 | $13 |
| Tang. Book Value ($M) | ▲ | $16 | +3.10 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +3.18 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 73.05% | +8.13 | 64.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.33 | 0.29% |
| Allowance / Loans (%) | — | 1.47% | -0.06% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 0.99% | +0.51 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 3.68% | 3.69% | 3.72% | 3.88% | 3.96% | 4.06% | 4.12% | 4.50% |
| ▄▅▁▅▄▅▁█ | Return on Assets (%) | 1.07% | 1.13% | 0.71% | 1.11% | 1.10% | 1.14% | 0.78% | 1.49% |
| ▄▂█▃▄▄█▁ | Efficiency Ratio (%) | 74.6% | 72.1% | 80.9% | 73.7% | 75.0% | 74.7% | 79.9% | 70.4% |
| ▇██▇▄▄▅▁ | Cost of Funds (%) | 2.18% | 2.35% | 2.30% | 2.19% | 1.99% | 1.97% | 2.05% | 1.66% |
| ▁▃▂▁▆▆██ | NPA / Assets (%) | 0.28% | 0.38% | 0.33% | 0.29% | 0.50% | 0.52% | 0.59% | 0.62% |
| ▁▃▂▁▆▇██ | Net Charge-Off Ratio (%) | 0.50% | 0.65% | 0.56% | 0.48% | 0.86% | 0.91% | 0.95% | 0.99% |
| ▁▅▁▁▁▇█▇ | Tang. Book Value ($M) | $13 | $15 | $13 | $13 | $13 | $16 | $17 | $16 |
| ▁▂▅▅▅▅▇█ | Gross Loans ($M) | $141 | $145 | $149 | $150 | $150 | $149 | $153 | $156 |
| ▆▆▆█▇▄▄▁ | Total Deposits ($M) | $221 | $222 | $222 | $227 | $223 | $217 | $218 | $210 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 22% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 13% |