Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.05 | 0.90% |
| Return on Equity (%) | ▼ | 8.93% | -0.20 | 9.13% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.08 | 3.55% |
| Efficiency Ratio (%) | ▼ | 69.56% | +1.50 | 68.06% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.11 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $405 | +8.48 | $397 |
| Gross Loans ($M) | ▲ | $206 | +20.00 | $186 |
| Loan Growth YoY (%) | ▲ | 56.43% | +4.59 | 51.85% |
| Total Deposits ($M) | ▲ | $361 | +5.85 | $355 |
| Shareholders Equity ($M) | ▲ | $42 | +3.04 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +3.04 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +2.88 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 56.43% | +4.59 | 51.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.08 | 0.33% |
| Allowance / Loans (%) | — | 1.19% | 0.10% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.12 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.38% | -0.76 | 20.14% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇█▇ | Net Interest Margin (%) | 3.42% | 3.44% | 3.48% | 3.55% | 3.59% | 3.64% | 3.69% | 3.63% |
| ▄▃▄▁█▇▆▃ | Return on Assets (%) | 0.98% | 0.95% | 0.97% | 0.90% | 1.07% | 1.04% | 1.02% | 0.95% |
| ▇██▄▁▂▂▆ | Efficiency Ratio (%) | 70.5% | 71.2% | 71.3% | 68.1% | 65.6% | 66.7% | 66.9% | 69.6% |
| ▇█▆▄█▅▃▁ | Cost of Funds (%) | 1.95% | 1.99% | 1.91% | 1.86% | 1.97% | 1.89% | 1.83% | 1.74% |
| ▃█▂▁▃▆▁▅ | NPA / Assets (%) | 0.37% | 0.46% | 0.35% | 0.33% | 0.36% | 0.42% | 0.34% | 0.41% |
| ▆▅▄▃▁█▂█ | Net Charge-Off Ratio (%) | 0.64% | 0.61% | 0.59% | 0.57% | 0.49% | 0.72% | 0.55% | 0.69% |
| ▁▆▁▃▆█▇█ | Tang. Book Value ($M) | $37 | $41 | $37 | $39 | $41 | $43 | $42 | $42 |
| ▁▁▁▂▂▄▆█ | Gross Loans ($M) | $180 | $180 | $180 | $186 | $185 | $192 | $199 | $206 |
| ▃▁▂▇▅▃▁█ | Total Deposits ($M) | $337 | $324 | $331 | $355 | $343 | $336 | $326 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 12% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |