Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +0.41 | 0.11% |
| Return on Equity (%) | ▲ | 4.34% | +3.45 | 0.89% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.34 | 2.39% |
| Efficiency Ratio (%) | ▲ | 79.28% | -13.36 | 92.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.51 | $1 |
| Cost of Funds (%) | ▲ | 2.03% | -0.08 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,411 | +68.83 | $1,342 |
| Gross Loans ($M) | ▲ | $977 | +64.93 | $912 |
| Loan Growth YoY (%) | ▼ | 90.24% | -0.68 | 90.92% |
| Total Deposits ($M) | ▲ | $1,076 | +78.98 | $997 |
| Shareholders Equity ($M) | ▲ | $165 | +9.68 | $156 |
| Tang. Book Value ($M) | ▲ | $162 | +9.41 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $177 | +10.53 | $167 |
| Loan / Deposit Ratio (%) | ▼ | 90.24% | -0.68 | 90.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.10 | 0.40% |
| Allowance / Loans (%) | — | 0.60% | 0.01% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.14 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.16% | 2.18% | 2.20% | 2.39% | 2.48% | 2.55% | 2.60% | 2.73% |
| ▁▁▁▁▃▃▃█ | Return on Assets (%) | 0.06% | 0.06% | 0.09% | 0.11% | 0.18% | 0.19% | 0.22% | 0.52% |
| ███▆▅▄▄▁ | Efficiency Ratio (%) | 98.6% | 97.5% | 97.0% | 92.6% | 90.0% | 87.2% | 87.5% | 79.3% |
| ▄▂█▃▅▄▃▁ | Cost of Funds (%) | 2.15% | 2.10% | 2.32% | 2.12% | 2.19% | 2.17% | 2.12% | 2.03% |
| ▁▁▂▁▆▂█▆ | NPA / Assets (%) | 0.40% | 0.40% | 0.44% | 0.40% | 0.51% | 0.44% | 0.56% | 0.50% |
| ▁▁▂▁▇▂█▆ | Net Charge-Off Ratio (%) | 0.58% | 0.60% | 0.61% | 0.58% | 0.73% | 0.61% | 0.78% | 0.72% |
| ▁▅▁▃▄▆██ | Tang. Book Value ($M) | $149 | $157 | $151 | $153 | $155 | $160 | $163 | $162 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $819 | $855 | $879 | $912 | $937 | $954 | $975 | $977 |
| ▁▁▁▄▅▅▆█ | Total Deposits ($M) | $929 | $938 | $935 | $997 | $1,008 | $1,011 | $1,034 | $1,076 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |