Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.28 | 0.45% |
| Return on Equity (%) | ▲ | 6.54% | +2.21 | 4.33% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.45 | 3.05% |
| Efficiency Ratio (%) | ▲ | 75.31% | -8.42 | 83.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.34 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $366 | +6.74 | $359 |
| Gross Loans ($M) | ▼ | $258 | -0.64 | $258 |
| Loan Growth YoY (%) | ▲ | 84.63% | +0.64 | 83.99% |
| Total Deposits ($M) | ▼ | $301 | -3.13 | $305 |
| Shareholders Equity ($M) | ▲ | $41 | +2.83 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +2.83 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.20 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 84.63% | +0.64 | 83.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.66 | 0.20% |
| Allowance / Loans (%) | — | 1.06% | 0.02% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.10% | +1.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.68% | 2.67% | 2.69% | 3.05% | 3.18% | 3.23% | 3.32% | 3.50% |
| ▂▁▁▃▅▅▆█ | Return on Assets (%) | 0.37% | 0.33% | 0.30% | 0.45% | 0.55% | 0.57% | 0.62% | 0.74% |
| ▆██▆▄▄▂▁ | Efficiency Ratio (%) | 83.8% | 86.0% | 86.9% | 83.7% | 80.1% | 79.7% | 78.2% | 75.3% |
| ▇█▇▅▄▃▂▁ | Cost of Funds (%) | 2.25% | 2.40% | 2.31% | 2.08% | 2.02% | 1.98% | 1.88% | 1.74% |
| ▁▁▁▁▁▁█▇ | NPA / Assets (%) | 0.25% | 0.20% | 0.18% | 0.20% | 0.21% | 0.26% | 1.01% | 0.86% |
| ▁▁▁▁▁▁█▇ | Net Charge-Off Ratio (%) | 0.16% | 0.10% | 0.07% | 0.10% | 0.11% | 0.19% | 1.33% | 1.10% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $37 | $38 | $37 | $38 | $39 | $40 | $41 | $41 |
| █▆▆▃▄▄▁▃ | Gross Loans ($M) | $268 | $265 | $263 | $258 | $260 | $259 | $253 | $258 |
| ▆▃▅██▁▁▆ | Total Deposits ($M) | $301 | $298 | $301 | $305 | $304 | $296 | $295 | $301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |