Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.53% | +0.20 | 2.33% |
| Return on Equity (%) | ▲ | 17.11% | +0.76 | 16.35% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.11 | 4.09% |
| Efficiency Ratio (%) | ▼ | 36.45% | +2.05 | 34.40% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.10 | $6 |
| Cost of Funds (%) | ▲ | 1.38% | -0.19 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $712 | +15.64 | $696 |
| Gross Loans ($M) | ▼ | $496 | -24.22 | $520 |
| Loan Growth YoY (%) | ▼ | 80.97% | -5.43 | 86.40% |
| Total Deposits ($M) | ▲ | $601 | +8.24 | $593 |
| Shareholders Equity ($M) | ▲ | $107 | +7.03 | $100 |
| Tang. Book Value ($M) | ▲ | $107 | +7.03 | $100 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +6.97 | $103 |
| Loan / Deposit Ratio (%) | ▼ | 80.97% | -5.43 | 86.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.10% | +0.85 | 0.25% |
| Allowance / Loans (%) | — | 1.80% | 0.34% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 1.04% | +0.71 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.13% | +2.61 | 17.52% |
Noninterest income ($2.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 3.55% | 3.65% | 3.81% | 4.09% | 4.20% | 4.19% | 4.24% | 4.20% |
| ▄▂▁▆▆▆▆█ | Return on Assets (%) | 2.15% | 2.05% | 1.92% | 2.33% | 2.32% | 2.32% | 2.32% | 2.53% |
| █▇▄▄▃▃▁▆ | Efficiency Ratio (%) | 38.9% | 37.8% | 35.0% | 34.4% | 34.0% | 33.7% | 31.4% | 36.4% |
| ██▄▃▃▄▃▁ | Cost of Funds (%) | 1.97% | 1.90% | 1.66% | 1.57% | 1.55% | 1.61% | 1.54% | 1.38% |
| ▂▆▃▁▁▅██ | NPA / Assets (%) | 0.37% | 0.76% | 0.49% | 0.25% | 0.18% | 0.74% | 1.02% | 1.10% |
| ▃█▄▁▁███ | Net Charge-Off Ratio (%) | 0.45% | 0.98% | 0.65% | 0.34% | 0.25% | 1.07% | 0.99% | 1.04% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $96 | $98 | $98 | $100 | $102 | $104 | $106 | $107 |
| █▆▆▄▃▃▁▁ | Gross Loans ($M) | $549 | $533 | $531 | $520 | $509 | $506 | $491 | $496 |
| ▁▃▅▄▆██▅ | Total Deposits ($M) | $570 | $590 | $602 | $593 | $612 | $621 | $628 | $601 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 5% |