Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.15% | -0.31 | 0.45% |
| Return on Equity (%) | ▼ | 1.45% | -2.08 | 3.53% |
| Net Interest Margin (%) | ▼ | 4.40% | -1.27 | 5.67% |
| Efficiency Ratio (%) | ▼ | 97.65% | +6.50 | 91.15% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.71 | $1 |
| Cost of Funds (%) | ▼ | 1.10% | +0.77 | 0.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $961 | +231.15 | $730 |
| Gross Loans ($M) | ▼ | $448 | -19.17 | $467 |
| Loan Growth YoY (%) | ▼ | 67.23% | -6.99 | 74.22% |
| Total Deposits ($M) | ▲ | $659 | +37.49 | $621 |
| Shareholders Equity ($M) | ▲ | $98 | +4.56 | $94 |
| Tang. Book Value ($M) | ▲ | $87 | +5.11 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +13.97 | $88 |
| Loan / Deposit Ratio (%) | ▼ | 67.23% | -6.99 | 74.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.72% | +0.35 | 0.38% |
| Allowance / Loans (%) | — | 1.20% | -0.16% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.55% | +0.96 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.38% | -0.60 | 15.99% |
Noninterest income ($2.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆███▆▅▄▁ | Net Interest Margin (%) | 5.27% | 5.51% | 5.63% | 5.67% | 5.29% | 5.12% | 4.99% | 4.40% |
| ▆██▄▄▅▅▁ | Return on Assets (%) | 0.57% | 0.74% | 0.79% | 0.45% | 0.39% | 0.48% | 0.52% | 0.15% |
| ▂▁▁▄▄▂▂█ | Efficiency Ratio (%) | 87.6% | 84.8% | 84.7% | 91.2% | 89.7% | 87.9% | 87.4% | 97.7% |
| ▃▃▁▁▆██▇ | Cost of Funds (%) | 0.65% | 0.63% | 0.36% | 0.33% | 0.91% | 1.26% | 1.24% | 1.10% |
| ▁▃▆▃▁██▇ | NPA / Assets (%) | 0.28% | 0.39% | 0.68% | 0.38% | 0.22% | 0.82% | 0.84% | 0.72% |
| ▁▂▄▁▁▇█▇ | Net Charge-Off Ratio (%) | 0.48% | 0.61% | 1.04% | 0.59% | 0.43% | 1.59% | 1.75% | 1.55% |
| ▂▃▁▂▁▅██ | Tang. Book Value ($M) | $81 | $82 | $80 | $81 | $80 | $84 | $86 | $87 |
| ▃▄█▇██▁▁ | Gross Loans ($M) | $455 | $458 | $471 | $467 | $471 | $473 | $451 | $448 |
| ▃▂▁▃▆▅▄█ | Total Deposits ($M) | $622 | $615 | $606 | $621 | $642 | $637 | $631 | $659 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 3% |