Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.68% | -0.31 | 1.99% |
| Return on Equity (%) | ▼ | 15.64% | -5.10 | 20.74% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.16 | 3.33% |
| Efficiency Ratio (%) | ▼ | 67.60% | +2.83 | 64.77% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▼ | 1.55% | +0.31 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $223 | +9.71 | $213 |
| Gross Loans ($M) | ▲ | $99 | +29.40 | $69 |
| Loan Growth YoY (%) | ▲ | 48.74% | +13.41 | 35.33% |
| Total Deposits ($M) | ▲ | $200 | +6.97 | $193 |
| Shareholders Equity ($M) | ▲ | $22 | +2.63 | $19 |
| Tang. Book Value ($M) | ▲ | $22 | +2.63 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +2.65 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 48.74% | +13.41 | 35.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.04 | 0.15% |
| Allowance / Loans (%) | — | 1.19% | -0.41% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.20 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.65% | -2.27 | 25.93% |
Noninterest income ($1.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▂▂▄▃ | Net Interest Margin (%) | 3.83% | 3.70% | 3.69% | 3.33% | 3.44% | 3.41% | 3.52% | 3.50% |
| █▇▇▃▄▆▆▁ | Return on Assets (%) | 2.80% | 2.62% | 2.60% | 1.99% | 2.19% | 2.38% | 2.43% | 1.68% |
| ▁▂▂▇▅▅▄█ | Efficiency Ratio (%) | 54.3% | 56.4% | 57.2% | 64.8% | 62.5% | 60.9% | 60.5% | 67.6% |
| █▇▆▁▂█▆▇ | Cost of Funds (%) | 1.58% | 1.53% | 1.50% | 1.23% | 1.32% | 1.62% | 1.49% | 1.55% |
| ███▅▄▄▄▁ | NPA / Assets (%) | 0.17% | 0.17% | 0.17% | 0.15% | 0.14% | 0.14% | 0.14% | 0.11% |
| ████▄▄▂▁ | Net Charge-Off Ratio (%) | 0.46% | 0.46% | 0.45% | 0.45% | 0.34% | 0.34% | 0.29% | 0.25% |
| ▁▃▁▁▁▆██ | Tang. Book Value ($M) | $19 | $20 | $19 | $19 | $19 | $21 | $22 | $22 |
| ▃▂▁▁▅▄▆█ | Gross Loans ($M) | $77 | $74 | $72 | $69 | $85 | $81 | $90 | $99 |
| ▅▅▂▇▇▄▁█ | Total Deposits ($M) | $186 | $184 | $172 | $193 | $193 | $182 | $166 | $200 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 9% |