Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.24 | 0.55% |
| Return on Equity (%) | ▲ | 6.11% | +1.64 | 4.47% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.35 | 3.49% |
| Efficiency Ratio (%) | ▲ | 65.77% | -11.19 | 76.95% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.95 | $1 |
| Cost of Funds (%) | ▲ | 1.09% | -0.10 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $628 | +16.01 | $612 |
| Gross Loans ($M) | ▼ | $484 | -2.33 | $487 |
| Loan Growth YoY (%) | ▼ | 87.63% | -2.29 | 89.93% |
| Total Deposits ($M) | ▲ | $545 | +10.98 | $534 |
| Shareholders Equity ($M) | ▲ | $81 | +5.24 | $76 |
| Tang. Book Value ($M) | ▲ | $81 | +5.29 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +4.84 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 87.63% | -2.29 | 89.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.00 | 0.58% |
| Allowance / Loans (%) | — | 1.40% | 0.07% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -0.01 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▄█ | Net Interest Margin (%) | 3.29% | 3.31% | 3.33% | 3.49% | 3.50% | 3.52% | 3.56% | 3.84% |
| ▁▂▂▄▅▅▅█ | Return on Assets (%) | 0.32% | 0.40% | 0.38% | 0.55% | 0.57% | 0.58% | 0.59% | 0.78% |
| ▇██▇▆▆▆▁ | Efficiency Ratio (%) | 77.8% | 77.8% | 79.5% | 77.0% | 75.9% | 75.7% | 75.6% | 65.8% |
| ▃▆▇▅▇█▇▁ | Cost of Funds (%) | 1.15% | 1.22% | 1.23% | 1.19% | 1.23% | 1.27% | 1.23% | 1.09% |
| ▁▃▆▆█▇█▆ | NPA / Assets (%) | 0.32% | 0.44% | 0.58% | 0.58% | 0.71% | 0.62% | 0.68% | 0.58% |
| ▁▃▆▆█▇█▅ | Net Charge-Off Ratio (%) | 0.40% | 0.55% | 0.72% | 0.72% | 0.91% | 0.80% | 0.86% | 0.71% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $72 | $74 | $74 | $75 | $77 | $78 | $79 | $81 |
| ▁▅█▃▂▂▁▁ | Gross Loans ($M) | $485 | $488 | $492 | $487 | $486 | $485 | $484 | $484 |
| ▁▁▁▆██▆█ | Total Deposits ($M) | $513 | $514 | $512 | $534 | $544 | $547 | $535 | $545 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 10% |