Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.08 | 1.25% |
| Return on Equity (%) | ▼ | 20.85% | -6.89 | 27.74% |
| Net Interest Margin (%) | ▲ | 2.89% | +0.13 | 2.77% |
| Efficiency Ratio (%) | ▲ | 58.10% | -1.78 | 59.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.35 | $3 |
| Cost of Funds (%) | ▲ | 1.33% | -0.04 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $854 | +31.77 | $823 |
| Gross Loans ($M) | ▲ | $287 | +22.73 | $264 |
| Loan Growth YoY (%) | ▲ | 35.98% | +2.48 | 33.50% |
| Total Deposits ($M) | ▲ | $794 | +9.02 | $784 |
| Shareholders Equity ($M) | ▲ | $59 | +23.01 | $36 |
| Tang. Book Value ($M) | ▲ | $59 | +23.01 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +23.73 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 35.98% | +2.48 | 33.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.10 | 0.52% |
| Allowance / Loans (%) | — | 0.50% | -0.04% | 0.54% |
| Net Charge-Off Ratio (%) | ▼ | 1.47% | +1.24 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -20.65 | 20.65% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 2.49% | 2.44% | 2.50% | 2.77% | 2.86% | 2.89% | 2.87% | 2.89% |
| ▁▁▃▆▅▇▇█ | Return on Assets (%) | 1.03% | 1.02% | 1.13% | 1.25% | 1.19% | 1.28% | 1.27% | 1.34% |
| ██▂▃▅▃▂▁ | Efficiency Ratio (%) | 63.1% | 62.8% | 59.1% | 59.9% | 61.0% | 59.5% | 59.3% | 58.1% |
| ██▅▁▂▂▁▁ | Cost of Funds (%) | 1.94% | 1.90% | 1.67% | 1.38% | 1.43% | 1.46% | 1.34% | 1.33% |
| ▁▆▆▇▅▄▃█ | NPA / Assets (%) | 0.08% | 0.44% | 0.47% | 0.52% | 0.40% | 0.29% | 0.26% | 0.62% |
| ▁▇▄▂▂▂▂█ | Net Charge-Off Ratio (%) | 0.05% | 1.21% | 0.60% | 0.23% | 0.24% | 0.27% | 0.26% | 1.47% |
| ▁▅▂▁▁▅▆█ | Tang. Book Value ($M) | $35 | $46 | $38 | $36 | $33 | $46 | $52 | $59 |
| ▅▅▁▂▄█▇█ | Gross Loans ($M) | $276 | $275 | $261 | $264 | $271 | $285 | $283 | $287 |
| ▁▁▄▅▃▄█▆ | Total Deposits ($M) | $736 | $730 | $774 | $784 | $765 | $772 | $825 | $794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 15% |