Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.11 | 0.84% |
| Return on Equity (%) | ▼ | 9.93% | -0.46 | 10.39% |
| Net Interest Margin (%) | ▼ | 3.11% | -0.09 | 3.20% |
| Efficiency Ratio (%) | ▲ | 74.80% | -3.35 | 78.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 0.64% | +0.05 | 0.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $292 | +13.87 | $278 |
| Gross Loans ($M) | ▼ | $135 | -5.29 | $140 |
| Loan Growth YoY (%) | ▼ | 50.49% | -4.10 | 54.59% |
| Total Deposits ($M) | ▲ | $264 | +10.17 | $254 |
| Shareholders Equity ($M) | ▲ | $27 | +3.87 | $23 |
| Tang. Book Value ($M) | ▲ | $18 | +4.13 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +3.86 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 50.49% | -4.10 | 54.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.01% | 0.04% | 0.97% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.79% | +1.01 | 24.78% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▅ | Net Interest Margin (%) | 2.96% | 2.97% | 3.03% | 3.20% | 3.23% | 3.24% | 3.23% | 3.11% |
| ▁▂▄▃▆██▆ | Return on Assets (%) | 0.71% | 0.78% | 0.85% | 0.84% | 0.95% | 1.08% | 1.08% | 0.95% |
| █▇▅▅▃▁▁▁ | Efficiency Ratio (%) | 80.7% | 79.3% | 78.0% | 78.1% | 76.2% | 74.0% | 74.3% | 74.8% |
| ▇██▁▂▃▃▄ | Cost of Funds (%) | 0.69% | 0.72% | 0.71% | 0.59% | 0.61% | 0.62% | 0.63% | 0.64% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▄▅▇██ | Tang. Book Value ($M) | $11 | $16 | $12 | $14 | $16 | $18 | $19 | $18 |
| ▇██▅█▄▂▁ | Gross Loans ($M) | $142 | $144 | $143 | $140 | $143 | $138 | $137 | $135 |
| ▁▄▂▆▄▄▆█ | Total Deposits ($M) | $237 | $249 | $243 | $254 | $250 | $249 | $255 | $264 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |