Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.82 | 0.02% |
| Return on Equity (%) | ▲ | 10.86% | +10.64 | 0.22% |
| Net Interest Margin (%) | ▲ | 2.66% | +0.50 | 2.16% |
| Efficiency Ratio (%) | ▲ | 90.17% | -9.62 | 99.79% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 2.67% | -0.42 | 3.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $179 | +3.63 | $175 |
| Gross Loans ($M) | ▲ | $150 | +5.42 | $145 |
| Loan Growth YoY (%) | ▲ | 132.65% | +14.93 | 117.72% |
| Total Deposits ($M) | ▼ | $112 | -9.60 | $122 |
| Shareholders Equity ($M) | ▲ | $14 | +0.66 | $13 |
| Tang. Book Value ($M) | ▲ | $13 | +0.80 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 132.65% | +14.93 | 117.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.04 | 0.57% |
| Allowance / Loans (%) | — | 0.92% | -0.04% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.63% | -0.06 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.52% | +0.41 | 12.11% |
Noninterest income ($2.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▄▆▇█ | Net Interest Margin (%) | 2.10% | 2.16% | 2.22% | 2.16% | 2.35% | 2.50% | 2.55% | 2.66% |
| ▃▂▁▃▄▆▅█ | Return on Assets (%) | -0.08% | -0.18% | -0.42% | 0.02% | 0.20% | 0.45% | 0.24% | 0.83% |
| ▆▇█▆▄▃▄▁ | Efficiency Ratio (%) | 101.1% | 102.3% | 105.4% | 99.8% | 97.6% | 94.8% | 97.1% | 90.2% |
| ▅▇█▄▂▃▂▁ | Cost of Funds (%) | 3.28% | 3.47% | 3.70% | 3.09% | 2.87% | 2.93% | 2.89% | 2.67% |
| ██▇▆▄▁▁▅ | NPA / Assets (%) | 0.72% | 0.74% | 0.62% | 0.57% | 0.46% | 0.26% | 0.29% | 0.53% |
| ▇▇██▄▁▁▇ | Net Charge-Off Ratio (%) | 0.62% | 0.64% | 0.69% | 0.69% | 0.48% | 0.31% | 0.35% | 0.63% |
| ▇▆▁▁▂▇▆█ | Tang. Book Value ($M) | $13 | $13 | $12 | $12 | $12 | $13 | $13 | $13 |
| ██▁▄▇▅▄▆ | Gross Loans ($M) | $156 | $154 | $133 | $145 | $151 | $146 | $144 | $150 |
| ▅█▃▄▄▂▁▁ | Total Deposits ($M) | $124 | $134 | $118 | $122 | $120 | $115 | $111 | $112 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 19% |