Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.08% | +0.39 | -0.31% |
| Return on Equity (%) | ▲ | 0.90% | +3.95 | -3.05% |
| Net Interest Margin (%) | ▲ | 2.25% | +0.52 | 1.73% |
| Efficiency Ratio (%) | ▲ | 95.90% | -25.44 | 121.33% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.69 | $-1 |
| Cost of Funds (%) | ▼ | 2.06% | +0.01 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $567 | +59.56 | $508 |
| Gross Loans ($M) | ▲ | $457 | +96.26 | $361 |
| Loan Growth YoY (%) | ▲ | 90.99% | +5.33 | 85.65% |
| Total Deposits ($M) | ▲ | $500 | +81.00 | $419 |
| Shareholders Equity ($M) | ▲ | $53 | +2.18 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +2.16 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +1.22 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 90.99% | +5.33 | 85.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.08 | 0.43% |
| Allowance / Loans (%) | — | 0.41% | -0.05% | 0.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.17 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.10% | -3.76 | 23.87% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▆█ | Net Interest Margin (%) | 1.18% | 1.16% | 1.25% | 1.73% | 1.85% | 1.91% | 1.98% | 2.25% |
| ▁▂▂▅▆▇▇█ | Return on Assets (%) | -0.79% | -0.67% | -0.62% | -0.31% | -0.19% | -0.12% | -0.07% | 0.08% |
| █▇▆▃▂▂▂▁ | Efficiency Ratio (%) | 171.1% | 156.4% | 150.5% | 121.3% | 113.6% | 108.4% | 105.4% | 95.9% |
| ▆██▁▁▂▁▁ | Cost of Funds (%) | 2.27% | 2.37% | 2.41% | 2.05% | 2.02% | 2.08% | 2.06% | 2.06% |
| ██▆▃▃▁▁▁ | NPA / Assets (%) | 0.62% | 0.63% | 0.54% | 0.43% | 0.42% | 0.33% | 0.33% | 0.35% |
| ██▆▃▃▁▁▁ | Net Charge-Off Ratio (%) | 0.93% | 0.93% | 0.78% | 0.60% | 0.57% | 0.42% | 0.42% | 0.43% |
| ▁▇▁▃▄▇██ | Tang. Book Value ($M) | $50 | $52 | $50 | $51 | $51 | $52 | $53 | $53 |
| ▁▁▁▂▄▇██ | Gross Loans ($M) | $348 | $347 | $347 | $361 | $389 | $434 | $449 | $457 |
| ▁▁▁▁▅▇██ | Total Deposits ($M) | $419 | $407 | $414 | $419 | $457 | $487 | $506 | $500 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 25% |