Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.22 | 0.14% |
| Return on Equity (%) | ▲ | 5.32% | +2.76 | 2.56% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.33 | 3.49% |
| Efficiency Ratio (%) | ▲ | 88.66% | -7.54 | 96.21% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.21 | $0 |
| Cost of Funds (%) | ▲ | 1.83% | -0.08 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $286 | -32.66 | $319 |
| Gross Loans ($M) | ▼ | $181 | -12.47 | $193 |
| Loan Growth YoY (%) | ▲ | 74.04% | +4.04 | 69.99% |
| Total Deposits ($M) | ▼ | $241 | -31.74 | $272 |
| Shareholders Equity ($M) | ▲ | $20 | +1.53 | $18 |
| Tang. Book Value ($M) | ▲ | $20 | +1.53 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.30 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 74.04% | +4.04 | 69.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.18 | 0.05% |
| Allowance / Loans (%) | — | 1.58% | 0.11% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.29 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▃▄▄▅█ | Net Interest Margin (%) | 3.38% | 3.45% | 3.42% | 3.49% | 3.60% | 3.58% | 3.63% | 3.82% |
| ▂▆▄▃▄▁▂█ | Return on Assets (%) | 0.09% | 0.24% | 0.19% | 0.14% | 0.16% | 0.01% | 0.08% | 0.37% |
| ▅▃▅▆▅█▆▁ | Efficiency Ratio (%) | 95.2% | 92.1% | 94.3% | 96.2% | 95.3% | 99.7% | 96.7% | 88.7% |
| ▃▂▄▂▆█▅▁ | Cost of Funds (%) | 1.98% | 1.89% | 2.04% | 1.90% | 2.12% | 2.26% | 2.07% | 1.83% |
| ▃▁▁▁████ | NPA / Assets (%) | 0.08% | 0.03% | 0.04% | 0.05% | 0.25% | 0.24% | 0.23% | 0.23% |
| ▃▁▁▁██▇█ | Net Charge-Off Ratio (%) | 0.13% | 0.04% | 0.06% | 0.07% | 0.40% | 0.38% | 0.35% | 0.36% |
| ▁▇▁▄▃▇██ | Tang. Book Value ($M) | $17 | $19 | $17 | $18 | $18 | $19 | $20 | $20 |
| ██▆█▇▅▄▁ | Gross Loans ($M) | $194 | $193 | $190 | $193 | $192 | $188 | $186 | $181 |
| █▅▄▅▄▂▁▁ | Total Deposits ($M) | $295 | $273 | $265 | $272 | $266 | $253 | $241 | $241 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 30% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 10% |