Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.41% | -0.06 | 0.46% |
| Return on Equity (%) | ▼ | 2.41% | -0.55 | 2.96% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.46 | 3.45% |
| Efficiency Ratio (%) | ▼ | 88.06% | +1.27 | 86.79% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.27 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $446 | -18.72 | $465 |
| Gross Loans ($M) | ▼ | $296 | -14.84 | $310 |
| Loan Growth YoY (%) | ▼ | 87.17% | -3.34 | 90.51% |
| Total Deposits ($M) | ▼ | $336 | -3.65 | $339 |
| Shareholders Equity ($M) | ▲ | $76 | +2.14 | $74 |
| Tang. Book Value ($M) | ▲ | $76 | +2.14 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +2.27 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 87.17% | -3.34 | 90.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.03 | 0.20% |
| Allowance / Loans (%) | — | 1.01% | -0.06% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.05 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▁▃▄▅█ | Net Interest Margin (%) | 3.84% | 3.76% | 3.74% | 3.45% | 3.58% | 3.68% | 3.72% | 3.91% |
| ███▂▅▇▇▁ | Return on Assets (%) | 0.75% | 0.80% | 0.80% | 0.46% | 0.61% | 0.74% | 0.75% | 0.41% |
| ▁▁▂▇▅▃▂█ | Efficiency Ratio (%) | 82.4% | 82.0% | 83.2% | 86.8% | 85.5% | 83.6% | 83.5% | 88.1% |
| ██▇▄▃▄▂▁ | Cost of Funds (%) | 2.20% | 2.23% | 2.10% | 1.91% | 1.84% | 1.89% | 1.78% | 1.65% |
| ▄▂▃▃▂▁▁█ | NPA / Assets (%) | 0.21% | 0.20% | 0.20% | 0.20% | 0.20% | 0.19% | 0.19% | 0.23% |
| ▂▁▃▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.30% | 0.29% | 0.31% | 0.30% | 0.29% | 0.29% | 0.29% | 0.35% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $72 | $73 | $73 | $74 | $74 | $75 | $76 | $76 |
| ██▄▃▄▂▁▁ | Gross Loans ($M) | $339 | $334 | $312 | $310 | $317 | $305 | $297 | $296 |
| ▁█▆▇▅▇▅▇ | Total Deposits ($M) | $312 | $343 | $333 | $339 | $328 | $338 | $330 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 7% |