Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.06% | +0.69 | 1.37% |
| Return on Equity (%) | ▲ | 17.84% | +5.96 | 11.88% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.56 | 2.42% |
| Efficiency Ratio (%) | ▲ | 46.31% | -9.65 | 55.96% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.49 | $5 |
| Cost of Funds (%) | ▲ | 2.61% | -0.39 | 2.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,382 | +40.12 | $1,342 |
| Gross Loans ($M) | ▲ | $1,094 | +19.49 | $1,074 |
| Loan Growth YoY (%) | ▼ | 89.01% | -0.69 | 89.70% |
| Total Deposits ($M) | ▲ | $1,216 | +31.00 | $1,185 |
| Shareholders Equity ($M) | ▲ | $160 | +7.99 | $152 |
| Tang. Book Value ($M) | ▲ | $139 | +8.08 | $131 |
| Loan / Deposit Ratio (%) | ▼ | 89.01% | -0.69 | 89.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.24 | 0.37% |
| Allowance / Loans (%) | — | 1.05% | -0.01% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.30 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.24% | 2.27% | 2.29% | 2.42% | 2.54% | 2.65% | 2.71% | 2.97% |
| ▁▂▁▃▄▆▆█ | Return on Assets (%) | 1.01% | 1.19% | 1.14% | 1.37% | 1.42% | 1.71% | 1.68% | 2.06% |
| █▇▇▅▄▂▃▁ | Efficiency Ratio (%) | 64.1% | 60.1% | 61.8% | 56.0% | 55.1% | 50.5% | 52.5% | 46.3% |
| ▇█▇▅▄▃▂▁ | Cost of Funds (%) | 3.13% | 3.26% | 3.16% | 2.99% | 2.87% | 2.82% | 2.75% | 2.61% |
| ▃▂▁██▆▃▁ | NPA / Assets (%) | 0.20% | 0.18% | 0.15% | 0.37% | 0.36% | 0.30% | 0.22% | 0.12% |
| ▃▂▁██▅▃▁ | Net Charge-Off Ratio (%) | 0.24% | 0.21% | 0.18% | 0.46% | 0.44% | 0.34% | 0.26% | 0.16% |
| ▁▃▄▃▅▄▅█ | Tang. Book Value ($M) | $128 | $132 | $133 | $131 | $134 | $133 | $135 | $139 |
| ▁▄▃▃▃██▄ | Gross Loans ($M) | $1,047 | $1,084 | $1,076 | $1,074 | $1,078 | $1,143 | $1,132 | $1,094 |
| ▁▃▅▇▇▇▇█ | Total Deposits ($M) | $1,079 | $1,122 | $1,159 | $1,185 | $1,187 | $1,187 | $1,195 | $1,216 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 10% |