Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.21 | 1.87% |
| Return on Equity (%) | ▲ | 21.00% | +0.55 | 20.45% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.64 | 3.88% |
| Efficiency Ratio (%) | ▼ | 58.89% | +0.16 | 58.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 0.50% | -0.04 | 0.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $245 | +8.43 | $237 |
| Gross Loans ($M) | ▲ | $130 | +7.02 | $123 |
| Loan Growth YoY (%) | ▲ | 58.92% | +1.49 | 57.43% |
| Total Deposits ($M) | ▲ | $218 | +6.59 | $212 |
| Shareholders Equity ($M) | ▲ | $24 | +1.75 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +1.75 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +1.19 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 58.92% | +1.49 | 57.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.07 | 0.09% |
| Allowance / Loans (%) | — | 1.15% | -0.08% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.13 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.50% | -0.36 | 18.86% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.43% | 3.58% | 3.88% | 3.96% | 4.10% | 4.25% | 4.52% |
| ▁▂▃▆▆███ | Return on Assets (%) | 1.32% | 1.49% | 1.58% | 1.87% | 1.88% | 2.03% | 2.08% | 2.08% |
| █▆▇▁▁▁▁▁ | Efficiency Ratio (%) | 65.3% | 62.9% | 63.8% | 58.7% | 59.3% | 59.1% | 59.1% | 58.9% |
| ██▁▂▄▃▂▁ | Cost of Funds (%) | 0.90% | 0.87% | 0.45% | 0.54% | 0.64% | 0.57% | 0.51% | 0.50% |
| ▁▁▁▂█▇█▄ | NPA / Assets (%) | 0.06% | 0.06% | 0.05% | 0.09% | 0.31% | 0.30% | 0.34% | 0.16% |
| ▁▁▁▂███▄ | Net Charge-Off Ratio (%) | 0.12% | 0.10% | 0.10% | 0.17% | 0.62% | 0.60% | 0.63% | 0.31% |
| ▁▄▄▆▇███ | Tang. Book Value ($M) | $19 | $21 | $21 | $22 | $23 | $24 | $24 | $24 |
| ▁▁▄▄▃▄██ | Gross Loans ($M) | $118 | $119 | $123 | $123 | $122 | $123 | $130 | $130 |
| ▅▆▃▁▄█▁▅ | Total Deposits ($M) | $219 | $221 | $216 | $212 | $217 | $223 | $213 | $218 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 4% |