Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.25 | 0.89% |
| Return on Equity (%) | ▼ | 20.44% | -5.81 | 26.25% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.49 | 2.75% |
| Efficiency Ratio (%) | ▲ | 65.85% | -5.00 | 70.85% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 0.99% | -0.44 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $137 | -1.52 | $138 |
| Gross Loans ($M) | ▲ | $53 | +2.06 | $51 |
| Loan Growth YoY (%) | ▲ | 41.00% | +3.08 | 37.92% |
| Total Deposits ($M) | ▼ | $128 | -5.02 | $133 |
| Shareholders Equity ($M) | ▲ | $8 | +3.30 | $5 |
| Tang. Book Value ($M) | ▲ | $8 | +3.34 | $5 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +2.68 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 41.00% | +3.08 | 37.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.24% | 0.01% | 0.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.36% | +3.21 | 21.15% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▆▇█ | Net Interest Margin (%) | 2.28% | 2.35% | 2.42% | 2.75% | 2.72% | 2.90% | 3.03% | 3.24% |
| ▂▂▁▂▂▆▇█ | Return on Assets (%) | 0.86% | 0.88% | 0.82% | 0.89% | 0.90% | 1.05% | 1.10% | 1.14% |
| ▅▅▇█▇▁▁▁ | Efficiency Ratio (%) | 68.4% | 68.4% | 69.7% | 70.9% | 69.8% | 66.5% | 65.9% | 65.9% |
| ▇█▅▅▂▄▂▁ | Cost of Funds (%) | 1.68% | 1.83% | 1.46% | 1.42% | 1.18% | 1.33% | 1.13% | 0.99% |
| █▁▂▂▁▃▅▁ | NPA / Assets (%) | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.00% |
| █▁▂▁▁▃▄▁ | Net Charge-Off Ratio (%) | 0.12% | 0.00% | 0.02% | 0.01% | 0.01% | 0.03% | 0.05% | 0.00% |
| ▁▅▂▂▃▆██ | Tang. Book Value ($M) | $4 | $6 | $5 | $5 | $5 | $7 | $8 | $8 |
| ▁▁▁▇█▆▇█ | Gross Loans ($M) | $41 | $41 | $40 | $51 | $52 | $48 | $51 | $53 |
| ▆▁▃▂█▂▂▁ | Total Deposits ($M) | $148 | $130 | $137 | $133 | $155 | $133 | $135 | $128 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 55% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 70% |