Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.75% | +0.21 | 0.54% |
| Return on Equity (%) | ▲ | 11.33% | +1.23 | 10.10% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.45 | 3.19% |
| Efficiency Ratio (%) | ▲ | 78.02% | -3.81 | 81.83% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.24% | -0.21 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $298 | +1.24 | $297 |
| Gross Loans ($M) | ▲ | $185 | +10.86 | $174 |
| Loan Growth YoY (%) | ▲ | 69.07% | +4.95 | 64.12% |
| Total Deposits ($M) | ▼ | $265 | -3.67 | $269 |
| Shareholders Equity ($M) | ▲ | $20 | +3.19 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.20 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.04 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 69.07% | +4.95 | 64.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.02 | 0.35% |
| Allowance / Loans (%) | — | 0.84% | 0.00% | 0.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.07 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.55% | +0.30 | 12.25% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▅▆█ | Net Interest Margin (%) | 3.00% | 3.00% | 3.04% | 3.19% | 3.24% | 3.35% | 3.44% | 3.64% |
| ▁▂▃▅▅▆▇█ | Return on Assets (%) | 0.26% | 0.35% | 0.40% | 0.54% | 0.53% | 0.57% | 0.63% | 0.75% |
| █▇▆▃▄▃▂▁ | Efficiency Ratio (%) | 89.7% | 87.7% | 86.2% | 81.8% | 82.5% | 81.8% | 80.2% | 78.0% |
| ███▅▇▆▁▁ | Cost of Funds (%) | 1.61% | 1.64% | 1.60% | 1.46% | 1.54% | 1.49% | 1.21% | 1.24% |
| █▆▁▇▅▇▅▅ | NPA / Assets (%) | 0.36% | 0.34% | 0.29% | 0.35% | 0.33% | 0.34% | 0.33% | 0.33% |
| ▇▇▁██▇▄▃ | Net Charge-Off Ratio (%) | 0.59% | 0.59% | 0.49% | 0.60% | 0.60% | 0.58% | 0.54% | 0.53% |
| ▁▅▁▃▃▇██ | Tang. Book Value ($M) | $15 | $17 | $15 | $16 | $16 | $19 | $20 | $20 |
| ▁▁▂▂▂▃██ | Gross Loans ($M) | $172 | $171 | $173 | $174 | $173 | $176 | $184 | $185 |
| ▁▆▆▆█▅▄▅ | Total Deposits ($M) | $245 | $268 | $269 | $269 | $280 | $266 | $260 | $265 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |