Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.72% | -0.03 | 1.75% |
| Return on Equity (%) | ▼ | 15.69% | -1.37 | 17.06% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.06 | 4.06% |
| Efficiency Ratio (%) | ▲ | 54.45% | -1.06 | 55.51% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.21 | $3 |
| Cost of Funds (%) | ▼ | 1.09% | +0.06 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $531 | +11.65 | $519 |
| Gross Loans ($M) | ▲ | $416 | +21.17 | $395 |
| Loan Growth YoY (%) | ▲ | 88.80% | +3.66 | 85.14% |
| Total Deposits ($M) | ▲ | $462 | +4.77 | $458 |
| Shareholders Equity ($M) | ▲ | $59 | +4.80 | $55 |
| Tang. Book Value ($M) | ▲ | $59 | +4.80 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +4.65 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 88.80% | +3.66 | 85.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.03 | 0.50% |
| Allowance / Loans (%) | — | 1.39% | -0.03% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.07 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.49% | +0.02 | 16.47% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▁▇██▂ | Net Interest Margin (%) | 4.09% | 4.14% | 4.13% | 4.06% | 4.26% | 4.30% | 4.28% | 4.12% |
| ▁▃▃▃▇██▁ | Return on Assets (%) | 1.71% | 1.75% | 1.75% | 1.75% | 1.81% | 1.84% | 1.84% | 1.72% |
| █▆▆▅▄▄▃▁ | Efficiency Ratio (%) | 56.5% | 56.0% | 55.8% | 55.5% | 55.4% | 55.2% | 55.2% | 54.4% |
| ▁▄▇▆▇███ | Cost of Funds (%) | 0.83% | 0.94% | 1.06% | 1.03% | 1.04% | 1.10% | 1.10% | 1.09% |
| █▅▆▇▁▂▁▇ | NPA / Assets (%) | 0.55% | 0.41% | 0.42% | 0.50% | 0.17% | 0.24% | 0.21% | 0.47% |
| █▆▄▆▁▂▁▅ | Net Charge-Off Ratio (%) | 0.70% | 0.52% | 0.35% | 0.46% | 0.04% | 0.14% | 0.06% | 0.40% |
| ▁▃▂▄▅▇▇█ | Tang. Book Value ($M) | $50 | $53 | $52 | $55 | $56 | $58 | $57 | $59 |
| ▁▃▂▁▃▇▆█ | Gross Loans ($M) | $394 | $402 | $399 | $395 | $402 | $412 | $410 | $416 |
| ▁▃▆▆▁▅█▇ | Total Deposits ($M) | $439 | $447 | $457 | $458 | $438 | $453 | $466 | $462 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |