Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.09 | 0.47% |
| Return on Equity (%) | ▲ | 5.67% | +0.37 | 5.30% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.25 | 3.76% |
| Efficiency Ratio (%) | ▲ | 87.91% | -0.82 | 88.74% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▲ | 0.29% | -0.21 | 0.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $360 | -9.92 | $370 |
| Gross Loans ($M) | ▼ | $169 | -10.20 | $179 |
| Loan Growth YoY (%) | ▼ | 55.43% | -3.02 | 58.46% |
| Total Deposits ($M) | ▼ | $303 | -1.54 | $304 |
| Shareholders Equity ($M) | ▲ | $35 | +1.31 | $34 |
| Tang. Book Value ($M) | ▲ | $35 | +1.31 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +1.35 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 55.43% | -3.02 | 58.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 0.43% | -0.05% | 0.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.01 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.93% | +0.74 | 25.19% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.64% | 3.59% | 3.61% | 3.76% | 3.82% | 3.82% | 3.86% | 4.01% |
| ▂▁▄▃▄▄▅█ | Return on Assets (%) | 0.46% | 0.43% | 0.48% | 0.47% | 0.49% | 0.49% | 0.51% | 0.56% |
| ▆██▃▃▃▃▁ | Efficiency Ratio (%) | 89.5% | 90.3% | 90.2% | 88.7% | 88.6% | 88.7% | 88.6% | 87.9% |
| ▇██▆▄▄▁▁ | Cost of Funds (%) | 0.53% | 0.59% | 0.56% | 0.49% | 0.42% | 0.40% | 0.32% | 0.29% |
| ▁▁▄▄▁██▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.04% | 0.04% | 0.03% |
| ▁▁▄▄▁██▂ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.06% | 0.06% | 0.05% | 0.08% | 0.08% | 0.05% |
| ▃█▁▃▁▅▆▄ | Tang. Book Value ($M) | $34 | $38 | $33 | $34 | $32 | $35 | $37 | $35 |
| █▇▅▄▄▃▁▁ | Gross Loans ($M) | $190 | $186 | $181 | $179 | $177 | $174 | $170 | $169 |
| ▇█▁▄▁▄▅▂ | Total Deposits ($M) | $309 | $311 | $302 | $304 | $300 | $305 | $306 | $303 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 50% |