Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.31 | 0.91% |
| Return on Equity (%) | ▲ | 12.11% | +2.97 | 9.14% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.35 | 4.06% |
| Efficiency Ratio (%) | ▲ | 70.13% | -4.78 | 74.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $1 |
| Cost of Funds (%) | ▲ | 1.26% | -0.25 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $344 | +22.79 | $321 |
| Gross Loans ($M) | ▲ | $288 | +25.80 | $262 |
| Loan Growth YoY (%) | ▼ | 92.68% | -2.72 | 95.41% |
| Total Deposits ($M) | ▲ | $307 | +35.53 | $271 |
| Shareholders Equity ($M) | ▲ | $35 | +3.08 | $32 |
| Tang. Book Value ($M) | ▲ | $33 | +3.02 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +2.72 | $32 |
| Loan / Deposit Ratio (%) | ▼ | 92.68% | -2.72 | 95.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.02 | 0.14% |
| Allowance / Loans (%) | — | 1.29% | -0.03% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.03 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.54% | +0.60 | 11.94% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▃▇▆██ | Net Interest Margin (%) | 3.88% | 3.94% | 4.17% | 4.06% | 4.35% | 4.29% | 4.46% | 4.40% |
| ▆▄▇▁▆▆██ | Return on Assets (%) | 1.14% | 1.05% | 1.21% | 0.91% | 1.17% | 1.14% | 1.26% | 1.22% |
| ▆▆▂█▂▃▁▂ | Efficiency Ratio (%) | 73.3% | 73.3% | 69.9% | 74.9% | 69.7% | 70.7% | 68.7% | 70.1% |
| █▆▄▃▁▁▁▁ | Cost of Funds (%) | 2.09% | 1.87% | 1.67% | 1.51% | 1.32% | 1.35% | 1.35% | 1.26% |
| ██▇▂▁▁▁▁ | NPA / Assets (%) | 0.22% | 0.22% | 0.20% | 0.14% | 0.13% | 0.12% | 0.12% | 0.12% |
| ██▆▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.28% | 0.27% | 0.25% | 0.17% | 0.16% | 0.15% | 0.16% | 0.14% |
| ▁▂▂▃▅▇▇█ | Tang. Book Value ($M) | $28 | $29 | $29 | $30 | $31 | $32 | $32 | $33 |
| ▁▂▁▃▄▅▅█ | Gross Loans ($M) | $251 | $257 | $255 | $262 | $266 | $274 | $272 | $288 |
| ▁▃▄▄▇███ | Total Deposits ($M) | $244 | $263 | $272 | $271 | $292 | $306 | $307 | $307 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 20% |