Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.01 | 1.07% |
| Return on Equity (%) | ▼ | 10.96% | -0.55 | 11.51% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.16 | 4.18% |
| Efficiency Ratio (%) | ▼ | 72.22% | +1.28 | 70.94% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.09 | $2 |
| Cost of Funds (%) | ▲ | 1.66% | -0.40 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $502 | -27.40 | $529 |
| Gross Loans ($M) | ▼ | $427 | -34.44 | $461 |
| Loan Growth YoY (%) | ▼ | 101.01% | -2.43 | 103.45% |
| Total Deposits ($M) | ▼ | $419 | -22.96 | $442 |
| Shareholders Equity ($M) | ▼ | $49 | -0.95 | $50 |
| Tang. Book Value ($M) | ▼ | $49 | -0.95 | $50 |
| TBV excl. AOCI ($M)** | ▼ | $51 | -0.98 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 101.01% | -2.43 | 103.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.14 | 0.23% |
| Allowance / Loans (%) | — | 0.88% | -0.05% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.05 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇▇██ | Net Interest Margin (%) | 3.70% | 3.69% | 3.78% | 4.18% | 4.18% | 4.22% | 4.28% | 4.33% |
| ▁▁▂▅███▅ | Return on Assets (%) | 0.81% | 0.81% | 0.87% | 1.07% | 1.18% | 1.21% | 1.23% | 1.06% |
| ██▇▃▂▁▁▄ | Efficiency Ratio (%) | 76.2% | 76.3% | 75.3% | 70.9% | 69.9% | 69.5% | 68.6% | 72.2% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 2.30% | 2.33% | 2.24% | 2.06% | 1.94% | 1.92% | 1.82% | 1.66% |
| ▅▇█▅▂▂▁▁ | NPA / Assets (%) | 0.23% | 0.29% | 0.35% | 0.23% | 0.12% | 0.13% | 0.07% | 0.09% |
| ▆█▇▃▂▃▁▁ | Net Charge-Off Ratio (%) | 0.26% | 0.34% | 0.29% | 0.16% | 0.14% | 0.16% | 0.08% | 0.11% |
| ▁▅▃▅▆█▃▁ | Tang. Book Value ($M) | $49 | $50 | $49 | $50 | $50 | $51 | $49 | $49 |
| █▆▆▆▃▁▁▁ | Gross Loans ($M) | $483 | $468 | $463 | $461 | $445 | $429 | $423 | $427 |
| ██▆▅▆▂▂▁ | Total Deposits ($M) | $457 | $460 | $448 | $442 | $445 | $428 | $428 | $419 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 8% |
| Consumer | 49% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |