Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.45 | 0.60% |
| Return on Equity (%) | ▲ | 10.93% | +4.69 | 6.24% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.41 | 3.05% |
| Efficiency Ratio (%) | ▲ | 66.67% | -11.32 | 77.99% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.66 | $2 |
| Cost of Funds (%) | ▲ | 1.91% | -0.31 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $941 | +33.96 | $907 |
| Gross Loans ($M) | ▲ | $771 | +63.22 | $707 |
| Loan Growth YoY (%) | ▲ | 91.95% | +4.32 | 87.63% |
| Total Deposits ($M) | ▲ | $829 | +30.06 | $799 |
| Shareholders Equity ($M) | ▲ | $91 | +3.79 | $87 |
| Tang. Book Value ($M) | ▲ | $90 | +2.46 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +2.26 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 91.95% | +4.32 | 87.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.35 | 0.94% |
| Allowance / Loans (%) | — | 1.04% | 0.06% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.38 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -15.21 | 15.21% |
Noninterest income ($2.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▅█ | Net Interest Margin (%) | 2.95% | 2.98% | 2.97% | 3.05% | 3.08% | 3.14% | 3.22% | 3.47% |
| ▁▁▂▁▂▃▄█ | Return on Assets (%) | 0.59% | 0.63% | 0.69% | 0.60% | 0.70% | 0.75% | 0.78% | 1.05% |
| ██▇█▆▅▅▁ | Efficiency Ratio (%) | 78.0% | 77.3% | 75.4% | 78.0% | 74.5% | 73.4% | 72.5% | 66.7% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.57% | 2.62% | 2.40% | 2.23% | 2.25% | 2.25% | 2.09% | 1.91% |
| ▁▁▅███▇▅ | NPA / Assets (%) | 0.03% | 0.04% | 0.61% | 0.94% | 0.96% | 0.90% | 0.82% | 0.59% |
| ▁▁▅████▅ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.67% | 1.10% | 1.12% | 1.15% | 1.05% | 0.72% |
| ▂▅▁▃▅█▅▆ | Tang. Book Value ($M) | $86 | $89 | $85 | $87 | $89 | $91 | $89 | $90 |
| ▁▂▁▂▃▄▅█ | Gross Loans ($M) | $694 | $705 | $696 | $707 | $717 | $728 | $733 | $771 |
| ▁▁▄▅▆▇██ | Total Deposits ($M) | $755 | $753 | $788 | $799 | $801 | $815 | $828 | $829 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 18% |