Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.17 | 1.72% |
| Return on Equity (%) | ▲ | 14.70% | +0.15 | 14.55% |
| Net Interest Margin (%) | ▼ | 4.75% | -0.47 | 5.22% |
| Efficiency Ratio (%) | ▲ | 59.24% | -1.54 | 60.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 2.26% | -0.21 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +47.18 | $186 |
| Gross Loans ($M) | ▲ | $169 | +24.34 | $145 |
| Loan Growth YoY (%) | ▼ | 81.96% | -7.91 | 89.87% |
| Total Deposits ($M) | ▲ | $204 | +44.71 | $160 |
| Shareholders Equity ($M) | ▲ | $24 | +2.07 | $22 |
| Tang. Book Value ($M) | ▲ | $24 | +2.04 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.48 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 81.96% | -7.91 | 89.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.18% | 0.02% | 1.16% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.47% | -1.27 | 14.74% |
Noninterest income ($0.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▃▄▃▁ | Net Interest Margin (%) | 5.79% | 5.68% | 5.63% | 5.22% | 5.11% | 5.20% | 5.13% | 4.75% |
| ▄▁▁█▅▅▆▄ | Return on Assets (%) | 1.57% | 1.45% | 1.44% | 1.72% | 1.58% | 1.60% | 1.64% | 1.55% |
| ███▂▄▃▂▁ | Efficiency Ratio (%) | 67.1% | 67.8% | 66.8% | 60.8% | 63.2% | 61.6% | 60.9% | 59.2% |
| ██▄▄▄▃▂▁ | Cost of Funds (%) | 2.70% | 2.71% | 2.45% | 2.47% | 2.47% | 2.38% | 2.32% | 2.26% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $20 | $21 | $21 | $22 | $22 | $23 | $23 | $24 |
| ▁▂▄▄▄███ | Gross Loans ($M) | $126 | $135 | $143 | $145 | $145 | $166 | $170 | $169 |
| ▁▂▃▃▄▅▆█ | Total Deposits ($M) | $133 | $143 | $152 | $160 | $164 | $177 | $184 | $204 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 22% |