Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.72% | -0.17 | 0.88% |
| Return on Equity (%) | ▼ | 2.54% | -0.84 | 3.38% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.01 | 3.76% |
| Efficiency Ratio (%) | ▲ | 72.04% | -3.98 | 76.02% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | — | 0.52% | 0.00 | 0.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $493 | +11.61 | $481 |
| Gross Loans ($M) | ▲ | $259 | +11.86 | $247 |
| Loan Growth YoY (%) | ▲ | 91.32% | +11.27 | 80.05% |
| Total Deposits ($M) | ▼ | $282 | -25.66 | $308 |
| Shareholders Equity ($M) | ▲ | $138 | +12.53 | $126 |
| Tang. Book Value ($M) | ▲ | $138 | +12.53 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +12.37 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 91.32% | +11.27 | 80.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.13 | 0.27% |
| Allowance / Loans (%) | — | 0.61% | 0.21% | 0.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.16 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 40.48% | -0.15 | 40.63% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▁▄▅█▁ | Net Interest Margin (%) | 3.76% | 3.79% | 3.83% | 3.76% | 3.81% | 3.83% | 3.87% | 3.77% |
| ███▁▅▇▇▁ | Return on Assets (%) | 1.93% | 2.06% | 1.90% | 0.88% | 1.51% | 1.88% | 1.86% | 0.72% |
| ▁▁▃█▃▁▄▇ | Efficiency Ratio (%) | 53.4% | 52.6% | 59.8% | 76.0% | 59.5% | 55.4% | 62.7% | 72.0% |
| ▁▁█▄▂▁▃▄ | Cost of Funds (%) | 0.46% | 0.47% | 0.60% | 0.52% | 0.49% | 0.48% | 0.51% | 0.52% |
| ▄▃▁▁▁██▆ | NPA / Assets (%) | 0.33% | 0.32% | 0.28% | 0.27% | 0.26% | 0.46% | 0.45% | 0.39% |
| ▄▃▁▁▁█▇▄ | Net Charge-Off Ratio (%) | 0.65% | 0.62% | 0.54% | 0.52% | 0.50% | 0.88% | 0.80% | 0.68% |
| ▁▃▃▄▄▇██ | Tang. Book Value ($M) | $118 | $124 | $125 | $126 | $128 | $133 | $138 | $138 |
| ▁▂▃▄▄▅██ | Gross Loans ($M) | $239 | $243 | $246 | $247 | $249 | $251 | $259 | $259 |
| ▄▂▄██▅▄▁ | Total Deposits ($M) | $294 | $287 | $294 | $308 | $305 | $295 | $295 | $282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |