Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.20 | 1.03% |
| Return on Equity (%) | ▲ | 11.14% | +1.70 | 9.44% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.21 | 3.24% |
| Efficiency Ratio (%) | ▲ | 58.74% | -5.16 | 63.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.06 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $575 | +33.34 | $542 |
| Gross Loans ($M) | ▲ | $301 | +34.94 | $266 |
| Loan Growth YoY (%) | ▲ | 59.50% | +3.76 | 55.74% |
| Total Deposits ($M) | ▲ | $497 | +28.72 | $468 |
| Shareholders Equity ($M) | ▲ | $65 | +4.53 | $60 |
| Tang. Book Value ($M) | ▲ | $64 | +4.59 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +5.58 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 59.50% | +3.76 | 55.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Allowance / Loans (%) | — | 1.83% | -0.15% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.91% | -0.25 | 19.17% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▄▁▅▆▆█ | Net Interest Margin (%) | 3.39% | 3.37% | 3.32% | 3.24% | 3.36% | 3.39% | 3.38% | 3.45% |
| ▁▃▁▃▆▄▁█ | Return on Assets (%) | 0.95% | 1.04% | 0.95% | 1.03% | 1.14% | 1.08% | 0.97% | 1.23% |
| █▇█▄▃▄▆▁ | Efficiency Ratio (%) | 68.7% | 66.8% | 69.2% | 63.9% | 61.4% | 63.9% | 65.5% | 58.7% |
| ▁▃▇█▇▅█▆ | Cost of Funds (%) | 1.48% | 1.56% | 1.64% | 1.68% | 1.65% | 1.60% | 1.66% | 1.61% |
| █▅▄▄▄▂▁▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| █▆▅▅▄▃▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▁▄▃▄▅▆██ | Tang. Book Value ($M) | $56 | $59 | $58 | $59 | $61 | $62 | $63 | $64 |
| ▁▁▂▂▃▅██ | Gross Loans ($M) | $260 | $264 | $268 | $266 | $272 | $284 | $302 | $301 |
| ▁▃▅▄▄▇█▇ | Total Deposits ($M) | $427 | $451 | $472 | $468 | $464 | $494 | $510 | $497 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |