Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.02 | 0.33% |
| Return on Equity (%) | ▼ | 3.66% | -0.03 | 3.69% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.32 | 2.48% |
| Efficiency Ratio (%) | ▲ | 84.02% | -0.89 | 84.91% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 2.09% | -0.15 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $950 | +26.86 | $923 |
| Gross Loans ($M) | ▲ | $517 | +75.24 | $442 |
| Loan Growth YoY (%) | ▲ | 60.11% | +7.62 | 52.49% |
| Total Deposits ($M) | ▲ | $852 | +19.41 | $833 |
| Shareholders Equity ($M) | ▲ | $91 | +5.70 | $85 |
| Tang. Book Value ($M) | ▲ | $82 | +5.70 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +4.75 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 60.11% | +7.62 | 52.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.06% | +0.10 | 0.96% |
| Allowance / Loans (%) | — | 0.87% | -0.12% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 1.38% | +0.15 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.26% | 2.16% | 2.22% | 2.48% | 2.58% | 2.65% | 2.71% | 2.80% |
| ▁▁▃▇███▇ | Return on Assets (%) | 0.15% | 0.14% | 0.21% | 0.33% | 0.39% | 0.40% | 0.39% | 0.35% |
| ▇█▆▃▁▁▁▂ | Efficiency Ratio (%) | 93.6% | 96.1% | 91.7% | 84.9% | 82.1% | 81.8% | 80.7% | 84.0% |
| ▆█▄▄▂▂▁▂ | Cost of Funds (%) | 2.36% | 2.55% | 2.22% | 2.23% | 2.09% | 2.08% | 1.95% | 2.09% |
| ▂▄▂▁▁█▂▇ | NPA / Assets (%) | 0.97% | 1.01% | 0.98% | 0.96% | 0.96% | 1.09% | 0.98% | 1.06% |
| ▂█▆▁▁█▂▇ | Net Charge-Off Ratio (%) | 1.27% | 1.40% | 1.35% | 1.23% | 1.23% | 1.42% | 1.27% | 1.38% |
| ▁▆▂▄▆███ | Tang. Book Value ($M) | $70 | $78 | $72 | $76 | $79 | $83 | $82 | $82 |
| ▁▁▁▁▁▅▇█ | Gross Loans ($M) | $439 | $441 | $437 | $442 | $444 | $483 | $501 | $517 |
| ▁▁▄▇▆▆██ | Total Deposits ($M) | $773 | $783 | $810 | $833 | $823 | $830 | $852 | $852 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |