Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.81% | -0.21 | 2.01% |
| Return on Equity (%) | ▼ | 12.22% | -1.51 | 13.73% |
| Net Interest Margin (%) | ▼ | 3.58% | -0.11 | 3.69% |
| Efficiency Ratio (%) | ▲ | 42.16% | -5.79 | 47.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.33% | -0.05 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $186 | +25.97 | $160 |
| Gross Loans ($M) | ▲ | $58 | +6.28 | $52 |
| Loan Growth YoY (%) | ▼ | 36.34% | -1.34 | 37.67% |
| Total Deposits ($M) | ▲ | $158 | +22.11 | $136 |
| Shareholders Equity ($M) | ▲ | $27 | +3.52 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +3.52 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.31 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 36.34% | -1.34 | 37.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.17% | 0.00% | 1.17% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.07% | -2.46 | 24.53% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▂▂▂▃▁ | Net Interest Margin (%) | 4.22% | 4.11% | 4.08% | 3.69% | 3.74% | 3.74% | 3.77% | 3.58% |
| █▆▅▆▄▃▁▁ | Return on Assets (%) | 2.09% | 2.01% | 1.95% | 2.01% | 1.92% | 1.88% | 1.80% | 1.81% |
| ▁▂▃█▄▃▅▁ | Efficiency Ratio (%) | 41.6% | 42.8% | 43.7% | 47.9% | 44.3% | 43.8% | 45.2% | 42.2% |
| ▁██▇█▇█▆ | Cost of Funds (%) | 0.99% | 1.41% | 1.46% | 1.39% | 1.42% | 1.38% | 1.42% | 1.33% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $20 | $22 | $22 | $23 | $24 | $26 | $27 | $27 |
| ▁▃▅▃▃▇██ | Gross Loans ($M) | $48 | $51 | $54 | $52 | $52 | $56 | $59 | $58 |
| ▁▁▁▃▄▆▆█ | Total Deposits ($M) | $128 | $128 | $128 | $136 | $141 | $148 | $148 | $158 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |