Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.38 | 0.23% |
| Return on Equity (%) | ▲ | 6.91% | +3.93 | 2.98% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.46 | 3.12% |
| Efficiency Ratio (%) | ▲ | 83.68% | -10.93 | 94.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.53 | $0 |
| Cost of Funds (%) | ▲ | 1.17% | -0.25 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +9.54 | $422 |
| Gross Loans ($M) | ▲ | $260 | +14.76 | $245 |
| Loan Growth YoY (%) | ▲ | 69.70% | +2.79 | 66.91% |
| Total Deposits ($M) | ▲ | $369 | +6.60 | $362 |
| Shareholders Equity ($M) | ▲ | $38 | +4.83 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.95 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.28 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 69.70% | +2.79 | 66.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.17 | 0.25% |
| Allowance / Loans (%) | — | 1.10% | -0.05% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.27 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 3.06% | 3.12% | 3.11% | 3.12% | 3.22% | 3.32% | 3.38% | 3.58% |
| ▃▄▄▁▃▆▇█ | Return on Assets (%) | 0.33% | 0.37% | 0.39% | 0.23% | 0.37% | 0.48% | 0.56% | 0.61% |
| ▃▃▄█▆▄▂▁ | Efficiency Ratio (%) | 87.5% | 87.5% | 87.9% | 94.6% | 91.2% | 87.8% | 85.1% | 83.7% |
| ▂▆▇█▇█▃▁ | Cost of Funds (%) | 1.23% | 1.35% | 1.36% | 1.41% | 1.37% | 1.39% | 1.23% | 1.17% |
| ▁▂▄▂█▁▅▆ | NPA / Assets (%) | 0.24% | 0.28% | 0.34% | 0.25% | 0.53% | 0.20% | 0.40% | 0.42% |
| ▂▃▄▂█▁▅▆ | Net Charge-Off Ratio (%) | 0.45% | 0.49% | 0.60% | 0.43% | 0.89% | 0.34% | 0.67% | 0.70% |
| ▁▅▁▂▁▅██ | Tang. Book Value ($M) | $31 | $35 | $32 | $33 | $32 | $35 | $38 | $38 |
| ▁▂▄▅████ | Gross Loans ($M) | $226 | $231 | $240 | $245 | $257 | $256 | $258 | $260 |
| ▄▁▄▅▆▁▄█ | Total Deposits ($M) | $361 | $356 | $362 | $362 | $365 | $355 | $361 | $369 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |