Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.34 | 1.21% |
| Return on Equity (%) | ▲ | 9.74% | +1.97 | 7.77% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.72 | 4.02% |
| Efficiency Ratio (%) | ▲ | 54.05% | -7.16 | 61.21% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $2 |
| Cost of Funds (%) | ▲ | 2.69% | -0.34 | 3.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $379 | +16.37 | $363 |
| Gross Loans ($M) | ▲ | $293 | +26.09 | $267 |
| Loan Growth YoY (%) | ▲ | 92.75% | +2.86 | 89.89% |
| Total Deposits ($M) | ▲ | $311 | +18.68 | $293 |
| Shareholders Equity ($M) | ▲ | $61 | +4.51 | $57 |
| Tang. Book Value ($M) | ▲ | $60 | +4.60 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 92.75% | +2.86 | 89.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.76 | 0.93% |
| Allowance / Loans (%) | — | 1.60% | -0.00% | 1.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -1.04 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▁▂▄█ | Net Interest Margin (%) | 3.89% | 3.90% | 4.01% | 4.02% | 3.94% | 4.04% | 4.24% | 4.74% |
| ▁▂▄▃▁▁▄█ | Return on Assets (%) | 1.05% | 1.14% | 1.29% | 1.21% | 1.07% | 1.10% | 1.26% | 1.55% |
| █▆▃▇█▅▃▁ | Efficiency Ratio (%) | 63.4% | 60.9% | 57.4% | 61.2% | 62.6% | 59.1% | 56.9% | 54.0% |
| ███▅▅▃▂▁ | Cost of Funds (%) | 3.34% | 3.35% | 3.27% | 3.03% | 3.03% | 2.89% | 2.85% | 2.69% |
| ▂▄▃▃██▆▁ | NPA / Assets (%) | 0.80% | 1.42% | 1.00% | 0.93% | 3.07% | 3.10% | 2.20% | 0.17% |
| ▂▄▃▃██▆▁ | Net Charge-Off Ratio (%) | 1.02% | 1.83% | 1.32% | 1.26% | 3.89% | 3.75% | 2.82% | 0.22% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $52 | $53 | $55 | $56 | $57 | $58 | $59 | $60 |
| ▁▂▂▁▄█▆▆ | Gross Loans ($M) | $269 | $276 | $272 | $267 | $284 | $308 | $295 | $293 |
| ▁▃▂▄▄███ | Total Deposits ($M) | $280 | $291 | $288 | $293 | $295 | $309 | $312 | $311 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 38% |