Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.25 | 1.52% |
| Return on Equity (%) | ▼ | 10.63% | -3.48 | 14.11% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.40 | 4.04% |
| Efficiency Ratio (%) | ▲ | 61.71% | -3.42 | 65.13% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $2 |
| Cost of Funds (%) | ▼ | 0.64% | +0.04 | 0.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +12.24 | $420 |
| Gross Loans ($M) | ▲ | $282 | +5.13 | $277 |
| Loan Growth YoY (%) | ▼ | 73.82% | -0.17 | 73.99% |
| Total Deposits ($M) | ▲ | $378 | +7.42 | $370 |
| Shareholders Equity ($M) | ▲ | $51 | +4.58 | $47 |
| Tang. Book Value ($M) | ▲ | $51 | +4.58 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +5.17 | $51 |
| Loan / Deposit Ratio (%) | ▼ | 73.82% | -0.17 | 73.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.15 | 0.12% |
| Allowance / Loans (%) | — | 1.07% | 0.09% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.23 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.70% | 3.76% | 3.80% | 4.04% | 4.19% | 4.34% | 4.38% | 4.44% |
| ▁▂▂████▅ | Return on Assets (%) | 0.99% | 1.08% | 1.12% | 1.52% | 1.47% | 1.52% | 1.49% | 1.27% |
| █▆▅▃▂▁▁▁ | Efficiency Ratio (%) | 71.1% | 68.1% | 67.2% | 65.1% | 64.0% | 62.3% | 62.6% | 61.7% |
| ▇█▇▁▂▃▂▂ | Cost of Funds (%) | 0.82% | 0.88% | 0.81% | 0.60% | 0.64% | 0.68% | 0.67% | 0.64% |
| ▁▁▁▄▅▆██ | NPA / Assets (%) | 0.01% | 0.01% | 0.03% | 0.12% | 0.15% | 0.20% | 0.26% | 0.27% |
| ▁▁▁▄▅▆██ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.04% | 0.18% | 0.23% | 0.29% | 0.39% | 0.41% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $43 | $46 | $45 | $47 | $48 | $50 | $51 | $51 |
| ▄▆▄▃▁▆▄█ | Gross Loans ($M) | $278 | $280 | $278 | $277 | $275 | $279 | $278 | $282 |
| ▂▁▄▇▆▅▆█ | Total Deposits ($M) | $351 | $342 | $359 | $370 | $365 | $363 | $369 | $378 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 2% |