Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.07 | 0.89% |
| Return on Equity (%) | ▼ | 7.68% | -0.04 | 7.72% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.07 | 3.12% |
| Efficiency Ratio (%) | ▲ | 70.34% | -0.93 | 71.27% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.30% | -0.27 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $724 | +3.71 | $721 |
| Gross Loans ($M) | ▼ | $217 | -3.16 | $221 |
| Loan Growth YoY (%) | ▼ | 34.03% | -0.40 | 34.43% |
| Total Deposits ($M) | ▼ | $631 | -2.45 | $633 |
| Shareholders Equity ($M) | ▲ | $90 | +6.14 | $84 |
| Tang. Book Value ($M) | ▲ | $90 | +6.14 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +6.06 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 34.03% | -0.40 | 34.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.34 | 0.25% |
| Allowance / Loans (%) | — | 1.22% | 0.11% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.95% | +1.14 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▅▃▅▅ | Net Interest Margin (%) | 3.20% | 3.23% | 3.24% | 3.12% | 3.19% | 3.16% | 3.19% | 3.19% |
| ▆██▁▃▁▃▄ | Return on Assets (%) | 1.01% | 1.08% | 1.07% | 0.89% | 0.96% | 0.90% | 0.95% | 0.96% |
| ▃▁▁█▆▇▅▇ | Efficiency Ratio (%) | 68.0% | 66.5% | 66.7% | 71.3% | 69.9% | 70.2% | 69.4% | 70.3% |
| ██▅▆▅▂▁▂ | Cost of Funds (%) | 1.71% | 1.65% | 1.48% | 1.56% | 1.48% | 1.27% | 1.18% | 1.30% |
| ▁▁▃▂▂▆█▆ | NPA / Assets (%) | 0.11% | 0.13% | 0.30% | 0.25% | 0.21% | 0.54% | 0.77% | 0.58% |
| ▁▁▃▂▂▆█▆ | Net Charge-Off Ratio (%) | 0.36% | 0.40% | 0.97% | 0.81% | 0.64% | 1.72% | 2.48% | 1.95% |
| ▂▇▁▄▂▇▇█ | Tang. Book Value ($M) | $82 | $89 | $80 | $84 | $82 | $89 | $89 | $90 |
| ▁▅▇█▇██▆ | Gross Loans ($M) | $210 | $216 | $219 | $221 | $219 | $220 | $220 | $217 |
| ▄▁▆█▁▂▅█ | Total Deposits ($M) | $610 | $597 | $622 | $633 | $593 | $603 | $615 | $631 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Other | 37% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |