Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.21 | 1.49% |
| Return on Equity (%) | ▲ | 15.70% | +1.78 | 13.92% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.34 | 3.69% |
| Efficiency Ratio (%) | ▲ | 63.42% | -1.36 | 64.78% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 1.72% | -0.22 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $367 | +14.54 | $352 |
| Gross Loans ($M) | ▲ | $296 | +14.48 | $281 |
| Loan Growth YoY (%) | ▲ | 90.60% | +1.25 | 89.35% |
| Total Deposits ($M) | ▲ | $321 | +11.54 | $309 |
| Shareholders Equity ($M) | ▲ | $39 | +1.99 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +1.99 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 90.60% | +1.25 | 89.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.29% | +0.11 | 1.19% |
| Allowance / Loans (%) | — | 1.66% | -0.03% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -1.36 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.38% | +12.38 | 0.00% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▄▁▂▃▄█ | Net Interest Margin (%) | 3.81% | 3.83% | 3.86% | 3.69% | 3.74% | 3.80% | 3.85% | 4.03% |
| ▂▅▅▁▇███ | Return on Assets (%) | 1.53% | 1.62% | 1.63% | 1.49% | 1.68% | 1.72% | 1.71% | 1.70% |
| █▄▂▇▁▁▃▂ | Efficiency Ratio (%) | 65.3% | 63.9% | 63.4% | 64.8% | 63.2% | 63.0% | 63.6% | 63.4% |
| ▃▇█▅█▄▆▁ | Cost of Funds (%) | 1.82% | 2.01% | 2.06% | 1.94% | 2.08% | 1.88% | 1.98% | 1.72% |
| █▄▄▁▁▁▄▄ | NPA / Assets (%) | 1.52% | 1.30% | 1.33% | 1.19% | 1.17% | 1.14% | 1.29% | 1.29% |
| ██▇▇▇▇█▁ | Net Charge-Off Ratio (%) | 1.79% | 1.59% | 1.52% | 1.49% | 1.51% | 1.48% | 1.62% | 0.13% |
| ▁▃▄▄▄▆█▇ | Tang. Book Value ($M) | $35 | $36 | $37 | $37 | $37 | $38 | $40 | $39 |
| ▁▁▁▃▁▂▅█ | Gross Loans ($M) | $278 | $276 | $276 | $281 | $276 | $280 | $288 | $296 |
| ▁▄▁▅▆█▇█ | Total Deposits ($M) | $296 | $306 | $298 | $309 | $313 | $319 | $316 | $321 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |