Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.23 | 0.57% |
| Return on Equity (%) | ▲ | 8.73% | +1.99 | 6.74% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.46 | 3.42% |
| Efficiency Ratio (%) | ▲ | 73.78% | -4.58 | 78.36% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.20 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $591 | +23.50 | $568 |
| Gross Loans ($M) | ▲ | $453 | +17.44 | $436 |
| Loan Growth YoY (%) | ▼ | 84.50% | -1.91 | 86.41% |
| Total Deposits ($M) | ▲ | $530 | +31.33 | $499 |
| Shareholders Equity ($M) | ▲ | $53 | +5.36 | $48 |
| Tang. Book Value ($M) | ▲ | $53 | +5.36 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +5.84 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 84.50% | -1.91 | 86.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.08 | 0.16% |
| Allowance / Loans (%) | — | 1.21% | 0.06% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.10 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.95% | +0.51 | 13.44% |
Noninterest income ($1.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 3.15% | 3.16% | 3.23% | 3.42% | 3.53% | 3.58% | 3.63% | 3.88% |
| ▁▁▂▄▆▇██ | Return on Assets (%) | 0.39% | 0.42% | 0.48% | 0.57% | 0.69% | 0.75% | 0.81% | 0.80% |
| ██▆▄▃▁▁▁ | Efficiency Ratio (%) | 84.9% | 83.6% | 81.6% | 78.4% | 76.3% | 73.6% | 72.7% | 73.8% |
| ▇██▅▃▃▆▁ | Cost of Funds (%) | 2.09% | 2.18% | 2.17% | 2.02% | 1.92% | 1.93% | 2.06% | 1.82% |
| ▁▅▆▂▁▄▆█ | NPA / Assets (%) | 0.14% | 0.19% | 0.21% | 0.16% | 0.14% | 0.19% | 0.21% | 0.24% |
| ▁▄▆▂▁▅▇█ | Net Charge-Off Ratio (%) | 0.19% | 0.23% | 0.26% | 0.20% | 0.17% | 0.25% | 0.27% | 0.30% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $45 | $48 | $47 | $48 | $49 | $51 | $53 | $53 |
| ▁▃▅▅▄▅▆█ | Gross Loans ($M) | $410 | $422 | $435 | $436 | $430 | $437 | $438 | $453 |
| ▁▁▂▄▄▇▆█ | Total Deposits ($M) | $471 | $477 | $486 | $499 | $499 | $517 | $513 | $530 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 13% |