Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.11 | 0.91% |
| Return on Equity (%) | ▼ | 35.46% | -185.02 | 220.48% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.13 | 2.72% |
| Efficiency Ratio (%) | ▼ | 70.39% | +2.33 | 68.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.80% | -0.17 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $344 | +22.57 | $321 |
| Gross Loans ($M) | ▼ | $80 | -1.40 | $81 |
| Loan Growth YoY (%) | ▼ | 24.03% | -1.78 | 25.81% |
| Total Deposits ($M) | ▲ | $327 | +17.49 | $310 |
| Shareholders Equity ($M) | ▲ | $7 | +3.45 | $3 |
| Tang. Book Value ($M) | ▲ | $7 | +3.45 | $3 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +4.56 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 24.03% | -1.78 | 25.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.02 | 0.11% |
| Allowance / Loans (%) | — | 1.40% | -0.10% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.21 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.63% | 2.62% | 2.61% | 2.72% | 2.73% | 2.75% | 2.75% | 2.85% |
| ▁▁▂▇█▇█▃ | Return on Assets (%) | 0.76% | 0.78% | 0.79% | 0.91% | 0.93% | 0.90% | 0.92% | 0.80% |
| ██▇▁▂▂▃▄ | Efficiency Ratio (%) | 73.3% | 73.8% | 72.4% | 68.1% | 68.9% | 69.2% | 69.6% | 70.4% |
| █▇█▇▆▆▂▁ | Cost of Funds (%) | 1.99% | 1.95% | 1.98% | 1.97% | 1.94% | 1.94% | 1.84% | 1.80% |
| ▄▇▆▃▃█▁▃ | NPA / Assets (%) | 0.15% | 0.28% | 0.26% | 0.11% | 0.11% | 0.35% | 0.00% | 0.09% |
| ▂▅▅▂▃█▁▃ | Net Charge-Off Ratio (%) | 0.23% | 0.79% | 0.77% | 0.19% | 0.42% | 1.37% | 0.02% | 0.40% |
| ▂█▁▄▄██▇ | Tang. Book Value ($M) | $2 | $9 | $-1 | $3 | $3 | $8 | $9 | $7 |
| ▇▁▂▆▇█▇▅ | Gross Loans ($M) | $82 | $76 | $77 | $81 | $82 | $83 | $82 | $80 |
| ▁▁▅▆▆▆██ | Total Deposits ($M) | $274 | $280 | $303 | $310 | $311 | $309 | $328 | $327 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 80% |