Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.31% | -0.32 | 1.63% |
| Return on Equity (%) | ▼ | 14.86% | -5.21 | 20.07% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.22 | 3.36% |
| Efficiency Ratio (%) | ▼ | 61.77% | +0.96 | 60.81% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.14 | $2 |
| Cost of Funds (%) | ▲ | 1.75% | -0.10 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $415 | +28.66 | $387 |
| Gross Loans ($M) | ▲ | $311 | +13.71 | $297 |
| Loan Growth YoY (%) | ▲ | 87.35% | +0.12 | 87.23% |
| Total Deposits ($M) | ▲ | $350 | +14.85 | $335 |
| Shareholders Equity ($M) | ▲ | $35 | +4.11 | $31 |
| Tang. Book Value ($M) | ▲ | $35 | +4.11 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +4.41 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 87.35% | +0.12 | 87.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.72% | 0.04% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 3.04% | 3.07% | 3.12% | 3.36% | 3.36% | 3.40% | 3.51% | 3.58% |
| ▁▂▂█▆▅▅▅ | Return on Assets (%) | 0.99% | 1.13% | 1.15% | 1.63% | 1.43% | 1.33% | 1.33% | 1.31% |
| ██▇▁▂▂▃▁ | Efficiency Ratio (%) | 69.0% | 68.3% | 67.2% | 60.8% | 62.0% | 62.3% | 62.9% | 61.8% |
| ▆██▄▇▇▅▁ | Cost of Funds (%) | 1.94% | 1.98% | 2.01% | 1.85% | 1.97% | 1.96% | 1.91% | 1.75% |
| ▃█▂▁▁██▁ | NPA / Assets (%) | 0.03% | 0.04% | 0.03% | 0.02% | 0.02% | 0.04% | 0.04% | 0.02% |
| ▃█▂▁▁█▇▁ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.03% | 0.03% | 0.03% | 0.05% | 0.05% | 0.03% |
| ▁▂▁▃▅▆██ | Tang. Book Value ($M) | $30 | $31 | $30 | $31 | $33 | $34 | $36 | $35 |
| ▁▁▄▅▅▆██ | Gross Loans ($M) | $275 | $276 | $290 | $297 | $295 | $298 | $309 | $311 |
| ▁▃▃▅██▄▇ | Total Deposits ($M) | $310 | $323 | $326 | $335 | $351 | $356 | $333 | $350 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |