Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.22 | 1.24% |
| Return on Equity (%) | ▲ | 11.09% | +1.74 | 9.35% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.10 | 3.88% |
| Efficiency Ratio (%) | ▲ | 83.49% | -2.55 | 86.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.05% | -0.11 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $445 | -1.54 | $447 |
| Gross Loans ($M) | ▼ | $301 | -17.66 | $319 |
| Loan Growth YoY (%) | ▼ | 78.96% | -5.02 | 83.98% |
| Total Deposits ($M) | ▲ | $374 | +1.61 | $372 |
| Shareholders Equity ($M) | ▲ | $58 | +0.04 | $58 |
| Tang. Book Value ($M) | ▲ | $58 | +0.04 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +0.12 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 78.96% | -5.02 | 83.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.61% | +0.19 | 2.42% |
| Allowance / Loans (%) | — | 2.03% | 0.04% | 2.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.14 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄▁▂▅█▄ | Net Interest Margin (%) | 3.97% | 3.98% | 3.97% | 3.88% | 3.93% | 4.02% | 4.10% | 3.99% |
| ▅▅▆▁▃▅█▄ | Return on Assets (%) | 1.51% | 1.56% | 1.58% | 1.24% | 1.42% | 1.56% | 1.76% | 1.46% |
| ▄▃▃█▅▃▁▄ | Efficiency Ratio (%) | 83.7% | 83.1% | 83.0% | 86.0% | 84.3% | 83.2% | 81.5% | 83.5% |
| ▁██▆▅█▄▁ | Cost of Funds (%) | 1.04% | 1.20% | 1.21% | 1.16% | 1.15% | 1.22% | 1.12% | 1.05% |
| ▁▆▇▄▅▅▆█ | NPA / Assets (%) | 2.27% | 2.52% | 2.55% | 2.42% | 2.46% | 2.45% | 2.50% | 2.61% |
| ▃██▇▁▁▁▅ | Net Charge-Off Ratio (%) | 0.72% | 1.07% | 1.03% | 0.99% | 0.62% | 0.57% | 0.60% | 0.85% |
| ▁▂▆▆▆█▆▆ | Tang. Book Value ($M) | $54 | $55 | $58 | $58 | $58 | $60 | $58 | $58 |
| █▇▆▆▄▂▁▁ | Gross Loans ($M) | $327 | $322 | $319 | $319 | $314 | $306 | $303 | $301 |
| ▇▇▁██▇▅█ | Total Deposits ($M) | $370 | $367 | $344 | $372 | $373 | $369 | $362 | $374 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |