Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.99% | +0.06 | 1.94% |
| Return on Equity (%) | ▼ | 15.56% | -0.84 | 16.40% |
| Net Interest Margin (%) | ▼ | 5.49% | -0.20 | 5.69% |
| Efficiency Ratio (%) | ▲ | 62.17% | -0.28 | 62.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | — | 0.02% | 0.00 | 0.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $202 | +2.65 | $199 |
| Gross Loans ($M) | ▲ | $112 | +2.32 | $110 |
| Loan Growth YoY (%) | ▲ | 63.87% | +0.75 | 63.12% |
| Total Deposits ($M) | ▲ | $174 | +1.61 | $173 |
| Shareholders Equity ($M) | ▲ | $26 | +2.14 | $23 |
| Tang. Book Value ($M) | ▲ | $25 | +2.25 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.49 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 63.87% | +0.75 | 63.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.01 | 0.07% |
| Allowance / Loans (%) | — | 0.91% | -0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▆▆▆▇█▇▁ | Net Interest Margin (%) | 5.60% | 5.68% | 5.71% | 5.69% | 5.74% | 5.78% | 5.73% | 5.49% |
| ██▇▆▅▂▁█ | Return on Assets (%) | 2.02% | 2.02% | 1.96% | 1.94% | 1.92% | 1.83% | 1.79% | 1.99% |
| ▁▁▃▄▅██▄ | Efficiency Ratio (%) | 60.2% | 60.8% | 61.7% | 62.4% | 63.2% | 65.1% | 65.4% | 62.2% |
| ▄█▄▂▁▁▃▂ | Cost of Funds (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ██▇▆▇▅█▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.06% | 0.07% | 0.05% |
| ▃▂▁▁▁▅█▃ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.09% | 0.08% | 0.08% | 0.11% | 0.13% | 0.10% |
| ▁▂▂▄▆▆██ | Tang. Book Value ($M) | $21 | $22 | $21 | $22 | $23 | $23 | $25 | $25 |
| ▁▄▅▇▇█▇█ | Gross Loans ($M) | $103 | $107 | $108 | $110 | $110 | $112 | $111 | $112 |
| ▆▂▄█▂▁▇█ | Total Deposits ($M) | $169 | $162 | $165 | $173 | $162 | $159 | $171 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 66% |