Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.03 | 0.76% |
| Return on Equity (%) | ▲ | 6.17% | +0.43 | 5.74% |
| Net Interest Margin (%) | ▼ | 2.52% | -0.36 | 2.88% |
| Efficiency Ratio (%) | ▼ | 96.06% | +2.20 | 93.86% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.28 | $1 |
| Cost of Funds (%) | ▲ | 2.33% | -0.05 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $236 | +33.56 | $203 |
| Gross Loans ($M) | ▲ | $143 | +24.84 | $118 |
| Loan Growth YoY (%) | ▲ | 68.78% | +0.71 | 68.07% |
| Total Deposits ($M) | ▲ | $205 | +34.09 | $170 |
| Shareholders Equity ($M) | ▲ | $27 | +0.28 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +0.28 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +0.01 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 68.78% | +0.71 | 68.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.90% | -1.18 | 2.08% |
| Allowance / Loans (%) | — | 1.43% | -0.15% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 1.18% | -1.14 | 2.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 31.03% | +2.63 | 28.40% |
Noninterest income ($11.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▆▅▆▁ | Net Interest Margin (%) | 3.21% | 3.26% | 3.17% | 2.88% | 3.00% | 2.90% | 3.02% | 2.52% |
| ▇▆█▁▁▁▂▁ | Return on Assets (%) | 1.91% | 1.69% | 2.11% | 0.76% | 0.89% | 0.72% | 0.92% | 0.73% |
| ▁▂▂▅▅▆▅█ | Efficiency Ratio (%) | 91.1% | 91.8% | 92.3% | 93.9% | 94.2% | 94.6% | 93.8% | 96.1% |
| ▂█▄▁▂▆▆▁ | Cost of Funds (%) | 2.41% | 2.90% | 2.55% | 2.38% | 2.45% | 2.70% | 2.69% | 2.33% |
| ▄▃█▆▄▃▂▁ | NPA / Assets (%) | 1.61% | 1.38% | 2.48% | 2.08% | 1.52% | 1.39% | 1.12% | 0.90% |
| ▆▄█▄▁▁▂▁ | Net Charge-Off Ratio (%) | 3.08% | 2.45% | 3.83% | 2.32% | 1.49% | 1.32% | 1.53% | 1.18% |
| ▁▅▇▄▇██▅ | Tang. Book Value ($M) | $25 | $27 | $27 | $26 | $27 | $28 | $28 | $27 |
| ▂▁▂▂██▇█ | Gross Loans ($M) | $119 | $113 | $118 | $118 | $142 | $144 | $138 | $143 |
| ▂▁▁▁▇█▇█ | Total Deposits ($M) | $177 | $171 | $171 | $170 | $199 | $202 | $197 | $205 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 51% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 43% |