Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.12 | 0.80% |
| Return on Equity (%) | ▼ | 7.61% | -2.90 | 10.51% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.22 | 3.30% |
| Efficiency Ratio (%) | ▼ | 73.96% | +2.41 | 71.55% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.06 | $2 |
| Cost of Funds (%) | ▲ | 0.90% | -0.13 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $869 | +48.69 | $821 |
| Gross Loans ($M) | ▲ | $572 | +58.33 | $514 |
| Loan Growth YoY (%) | ▲ | 73.96% | +6.50 | 67.46% |
| Total Deposits ($M) | ▲ | $763 | +11.89 | $751 |
| Shareholders Equity ($M) | ▲ | $77 | +12.18 | $64 |
| Tang. Book Value ($M) | ▲ | $77 | +12.18 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +11.51 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 73.96% | +6.50 | 67.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.38% | -0.02% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.35% | -0.65 | 16.00% |
Noninterest income ($1.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇██ | Net Interest Margin (%) | 2.80% | 2.81% | 2.88% | 3.30% | 3.36% | 3.42% | 3.46% | 3.52% |
| ▁▂▃▆▇▇█▅ | Return on Assets (%) | 0.38% | 0.46% | 0.52% | 0.80% | 0.81% | 0.84% | 0.94% | 0.67% |
| ██▆▃▂▂▁▄ | Efficiency Ratio (%) | 81.3% | 79.6% | 77.3% | 71.6% | 70.2% | 69.4% | 67.6% | 74.0% |
| ██▇▃▃▂▁▁ | Cost of Funds (%) | 1.33% | 1.32% | 1.25% | 1.03% | 1.02% | 0.97% | 0.93% | 0.90% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.73% | 0.70% | 0.67% | 0.06% | 0.02% | 0.02% | 0.02% | 0.02% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.10% | 1.08% | 1.01% | 0.09% | 0.03% | 0.03% | 0.03% | 0.03% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $51 | $57 | $58 | $64 | $69 | $73 | $76 | $77 |
| ▂▂▂▁▂▄██ | Gross Loans ($M) | $521 | $524 | $524 | $514 | $521 | $539 | $567 | $572 |
| ▁▃▃▆▄▆█▇ | Total Deposits ($M) | $707 | $731 | $725 | $751 | $737 | $750 | $771 | $763 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 59% |
| Interest-Bearing (core) | 27% |
| Brokered / Other | 14% |