Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.15 | 1.03% |
| Return on Equity (%) | ▼ | 16.14% | -4.43 | 20.57% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.40 | 3.43% |
| Efficiency Ratio (%) | ▲ | 62.74% | -0.52 | 63.26% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.35 | $3 |
| Cost of Funds (%) | ▲ | 0.67% | -0.22 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $843 | -31.11 | $874 |
| Gross Loans ($M) | ▲ | $453 | +42.43 | $410 |
| Loan Growth YoY (%) | ▲ | 57.49% | +8.49 | 49.00% |
| Total Deposits ($M) | ▼ | $771 | -47.01 | $818 |
| Shareholders Equity ($M) | ▲ | $62 | +15.15 | $47 |
| Tang. Book Value ($M) | ▲ | $62 | +15.15 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +13.64 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 57.49% | +8.49 | 49.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.09 | 0.18% |
| Allowance / Loans (%) | — | 2.04% | -0.21% | 2.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.12 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 3.02% | 3.06% | 3.14% | 3.43% | 3.49% | 3.56% | 3.63% | 3.83% |
| ▁▁▃▅▇▇██ | Return on Assets (%) | 0.79% | 0.81% | 0.90% | 1.03% | 1.09% | 1.11% | 1.19% | 1.19% |
| ██▆▂▁▁▁▂ | Efficiency Ratio (%) | 69.5% | 68.9% | 67.3% | 63.3% | 62.2% | 61.9% | 61.7% | 62.7% |
| ███▄▄▃▂▁ | Cost of Funds (%) | 1.14% | 1.16% | 1.10% | 0.88% | 0.85% | 0.83% | 0.77% | 0.67% |
| ▃▂▁▁▁▇██ | NPA / Assets (%) | 0.21% | 0.20% | 0.19% | 0.18% | 0.19% | 0.25% | 0.27% | 0.27% |
| ▅▄▂▁▁▇██ | Net Charge-Off Ratio (%) | 0.46% | 0.44% | 0.40% | 0.38% | 0.38% | 0.49% | 0.52% | 0.51% |
| ▁▄▁▄▅▇██ | Tang. Book Value ($M) | $38 | $48 | $40 | $47 | $51 | $57 | $61 | $62 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $391 | $393 | $402 | $410 | $425 | $431 | $442 | $453 |
| ▃▁▄█▅▃▃▃ | Total Deposits ($M) | $769 | $746 | $780 | $818 | $789 | $768 | $771 | $771 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 57% |
| Interest-Bearing (core) | 43% |