Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.72% | -0.26 | 0.98% |
| Return on Equity (%) | ▼ | 8.79% | -1.55 | 10.34% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.27 | 3.81% |
| Efficiency Ratio (%) | ▼ | 81.10% | +10.61 | 70.48% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.77 | $2 |
| Cost of Funds (%) | ▲ | 0.55% | -0.19 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $780 | -43.53 | $824 |
| Gross Loans ($M) | ▼ | $527 | -75.12 | $602 |
| Loan Growth YoY (%) | ▼ | 73.77% | -7.25 | 81.02% |
| Total Deposits ($M) | ▼ | $706 | -29.44 | $736 |
| Shareholders Equity ($M) | ▼ | $65 | -13.55 | $79 |
| Tang. Book Value ($M) | ▼ | $65 | -13.55 | $79 |
| TBV excl. AOCI ($M)** | ▼ | $70 | -13.67 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 73.77% | -7.25 | 81.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.14% | 0.13% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.33% | -2.03 | 14.37% |
Noninterest income ($1.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▅▇█ | Net Interest Margin (%) | 3.52% | 3.54% | 3.63% | 3.81% | 3.85% | 3.87% | 3.95% | 4.08% |
| ▆▇█▇██▆▁ | Return on Assets (%) | 0.94% | 0.97% | 0.99% | 0.98% | 1.02% | 1.00% | 0.94% | 0.72% |
| ▁▁▁▂▂▂▄█ | Efficiency Ratio (%) | 68.0% | 67.7% | 67.2% | 70.5% | 69.7% | 70.5% | 72.8% | 81.1% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 0.92% | 0.89% | 0.85% | 0.75% | 0.72% | 0.71% | 0.61% | 0.55% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.42% | 0.40% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.53% | 0.52% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆█▇█▅▄▁▁ | Tang. Book Value ($M) | $74 | $79 | $76 | $79 | $71 | $70 | $64 | $65 |
| ██▇▆▄▂▂▁ | Gross Loans ($M) | $642 | $629 | $616 | $602 | $581 | $553 | $550 | $527 |
| ██▇█▅▅▃▁ | Total Deposits ($M) | $733 | $737 | $731 | $736 | $725 | $725 | $717 | $706 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 67% |