Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +0.65 | -0.24% |
| Return on Equity (%) | ▲ | 4.00% | +6.36 | -2.36% |
| Net Interest Margin (%) | ▲ | 2.38% | +0.72 | 1.65% |
| Efficiency Ratio (%) | ▲ | 90.94% | -18.12 | 109.05% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.58 | $-0 |
| Cost of Funds (%) | ▲ | 2.65% | -0.41 | 3.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +14.88 | $370 |
| Gross Loans ($M) | ▲ | $295 | +21.62 | $273 |
| Loan Growth YoY (%) | ▲ | 89.71% | +7.69 | 82.02% |
| Total Deposits ($M) | ▼ | $325 | -3.87 | $328 |
| Shareholders Equity ($M) | ▲ | $40 | +3.09 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +3.09 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +2.84 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 89.71% | +7.69 | 82.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.20 | 0.22% |
| Allowance / Loans (%) | — | 1.31% | -0.16% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.25 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.61% | -1.64 | 20.25% |
Noninterest income ($1.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.15% | 1.08% | 1.17% | 1.65% | 1.78% | 1.91% | 2.00% | 2.38% |
| ▁▂▂▂▃▅▆█ | Return on Assets (%) | -0.34% | -0.22% | -0.23% | -0.24% | -0.13% | 0.09% | 0.15% | 0.41% |
| █▆▆▅▄▁▁▁ | Efficiency Ratio (%) | 125.2% | 112.9% | 113.0% | 109.1% | 104.3% | 92.4% | 91.0% | 90.9% |
| ██▇▄▃▂▁▁ | Cost of Funds (%) | 3.47% | 3.56% | 3.44% | 3.06% | 2.95% | 2.82% | 2.70% | 2.65% |
| ██▁▁▁▁▃▄ | NPA / Assets (%) | 0.76% | 0.75% | 0.22% | 0.22% | 0.19% | 0.19% | 0.37% | 0.41% |
| ██▁▁▁▁▃▃ | Net Charge-Off Ratio (%) | 0.99% | 1.03% | 0.30% | 0.29% | 0.26% | 0.24% | 0.47% | 0.54% |
| ▁▅▁▃▄▇██ | Tang. Book Value ($M) | $36 | $38 | $36 | $37 | $38 | $39 | $40 | $40 |
| ▇▃▁▁▁▄█▆ | Gross Loans ($M) | $301 | $282 | $274 | $273 | $276 | $289 | $305 | $295 |
| ▁▇▇█▇▆▇█ | Total Deposits ($M) | $296 | $321 | $321 | $328 | $323 | $318 | $322 | $325 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 10% |