Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.33% | +0.17 | 0.16% |
| Return on Equity (%) | ▲ | 1.34% | +0.65 | 0.69% |
| Net Interest Margin (%) | ▲ | 2.03% | +0.19 | 1.85% |
| Efficiency Ratio (%) | ▲ | 82.47% | -10.46 | 92.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $0 |
| Cost of Funds (%) | ▲ | 1.61% | -0.27 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $552 | -3.61 | $555 |
| Gross Loans ($M) | ▲ | $293 | +13.46 | $279 |
| Loan Growth YoY (%) | ▲ | 73.83% | +3.09 | 70.74% |
| Total Deposits ($M) | ▲ | $393 | +1.84 | $391 |
| Shareholders Equity ($M) | ▲ | $133 | +5.03 | $128 |
| Tang. Book Value ($M) | ▲ | $133 | +5.03 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +4.54 | $138 |
| Loan / Deposit Ratio (%) | ▲ | 73.83% | +3.09 | 70.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.10 | 0.63% |
| Allowance / Loans (%) | — | 0.99% | -0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.38% | +0.13 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▃▁▁▁▃▅█ | Net Interest Margin (%) | 1.97% | 1.89% | 1.83% | 1.85% | 1.86% | 1.90% | 1.94% | 2.03% |
| █▇▇▁▆▆▆▇ | Return on Assets (%) | 0.35% | 0.33% | 0.32% | 0.16% | 0.28% | 0.30% | 0.29% | 0.33% |
| ▂▃▃█▂▃▃▁ | Efficiency Ratio (%) | 84.8% | 86.0% | 85.7% | 92.9% | 84.9% | 85.2% | 86.1% | 82.5% |
| ▇██▆▅▄▂▁ | Cost of Funds (%) | 1.94% | 2.02% | 2.02% | 1.88% | 1.85% | 1.79% | 1.69% | 1.61% |
| █▂▁▁▁▅▅▄ | NPA / Assets (%) | 0.85% | 0.67% | 0.65% | 0.63% | 0.65% | 0.74% | 0.76% | 0.73% |
| █▂▁▁▁▄▄▃ | Net Charge-Off Ratio (%) | 1.67% | 1.33% | 1.28% | 1.26% | 1.25% | 1.42% | 1.44% | 1.38% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $125 | $130 | $126 | $128 | $130 | $132 | $133 | $133 |
| ▂▁▂▁▄▃▆█ | Gross Loans ($M) | $280 | $278 | $281 | $279 | $284 | $283 | $288 | $293 |
| ▃▁▅█▅▃▅█ | Total Deposits ($M) | $380 | $376 | $385 | $391 | $385 | $380 | $386 | $393 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 12% |