Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.18 | 0.53% |
| Return on Equity (%) | ▲ | 6.12% | +1.07 | 5.05% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.26 | 2.90% |
| Efficiency Ratio (%) | ▲ | 73.37% | -5.54 | 78.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.41 | $1 |
| Cost of Funds (%) | ▲ | 1.34% | -0.24 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $654 | +2.53 | $652 |
| Gross Loans ($M) | ▼ | $493 | -15.61 | $509 |
| Loan Growth YoY (%) | ▼ | 87.23% | -5.42 | 92.66% |
| Total Deposits ($M) | ▲ | $559 | +16.22 | $543 |
| Shareholders Equity ($M) | ▲ | $76 | +5.65 | $70 |
| Tang. Book Value ($M) | ▲ | $76 | +5.65 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +5.23 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 87.23% | -5.42 | 92.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.32 | 0.62% |
| Allowance / Loans (%) | — | 1.13% | -0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +0.45 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▆█ | Net Interest Margin (%) | 2.82% | 2.84% | 2.85% | 2.90% | 2.99% | 3.04% | 3.07% | 3.16% |
| ▁▁▂▄▅███ | Return on Assets (%) | 0.43% | 0.46% | 0.49% | 0.53% | 0.58% | 0.69% | 0.69% | 0.71% |
| ▇▆▆█▆▃▃▁ | Efficiency Ratio (%) | 77.6% | 77.2% | 76.9% | 78.9% | 77.4% | 75.3% | 75.1% | 73.4% |
| ▇██▆▃▃▂▁ | Cost of Funds (%) | 1.62% | 1.70% | 1.69% | 1.58% | 1.47% | 1.47% | 1.41% | 1.34% |
| ▂▁▁▂▁▁█▆ | NPA / Assets (%) | 0.63% | 0.55% | 0.60% | 0.62% | 0.60% | 0.61% | 1.09% | 0.94% |
| ▂▁▁▂▁▁█▇ | Net Charge-Off Ratio (%) | 0.80% | 0.69% | 0.77% | 0.80% | 0.75% | 0.77% | 1.40% | 1.25% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $66 | $69 | $68 | $70 | $71 | $73 | $75 | $76 |
| ██▆▅▆▄▃▁ | Gross Loans ($M) | $519 | $516 | $513 | $509 | $511 | $505 | $500 | $493 |
| ▂▁▂▄▃▃▄█ | Total Deposits ($M) | $536 | $532 | $536 | $543 | $541 | $539 | $545 | $559 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |