Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.08% | -2.98 | 3.06% |
| Return on Equity (%) | ▼ | 0.74% | -29.99 | 30.73% |
| Net Interest Margin (%) | ▲ | 6.90% | +1.17 | 5.73% |
| Efficiency Ratio (%) | ▼ | 97.54% | +45.51 | 52.03% |
| Pre-Provision Profit ($M) | ▼ | $0 | -3.38 | $3 |
| Cost of Funds (%) | ▲ | 2.72% | -0.13 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $530 | +36.40 | $494 |
| Gross Loans ($M) | ▲ | $460 | +35.41 | $425 |
| Loan Growth YoY (%) | ▲ | 114.26% | +0.18 | 114.08% |
| Total Deposits ($M) | ▲ | $401 | +30.41 | $371 |
| Shareholders Equity ($M) | ▲ | $52 | +5.14 | $47 |
| Tang. Book Value ($M) | ▲ | $51 | +5.26 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.13 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 114.26% | +0.18 | 114.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.34 | 0.14% |
| Allowance / Loans (%) | — | 0.47% | -0.04% | 0.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.38 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.32% | -1.31 | 12.63% |
Noninterest income ($-4.00M) 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 (%) | 4.11% | 3.92% | 4.16% | 5.73% | 5.76% | 5.45% | 5.43% | 6.90% |
| ▄▄▄███▇▁ | Return on Assets (%) | 1.45% | 1.41% | 1.56% | 3.06% | 3.02% | 2.78% | 2.54% | 0.08% |
| ▄▄▃▁▁▁▁█ | Efficiency Ratio (%) | 71.2% | 70.1% | 68.0% | 52.0% | 51.5% | 53.2% | 53.9% | 97.5% |
| ▄▁▇▇█▁▄▅ | Cost of Funds (%) | 2.61% | 2.36% | 2.86% | 2.85% | 3.02% | 2.34% | 2.61% | 2.72% |
| ▁▁▂▂▆▇█▅ | NPA / Assets (%) | 0.03% | 0.06% | 0.14% | 0.14% | 0.62% | 0.74% | 0.90% | 0.48% |
| ▁▁▂▂▆▇█▅ | Net Charge-Off Ratio (%) | 0.03% | 0.07% | 0.17% | 0.16% | 0.76% | 0.91% | 1.05% | 0.55% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $38 | $41 | $41 | $45 | $46 | $49 | $52 | $51 |
| ▁▄▄▇▃▇▇█ | Gross Loans ($M) | $271 | $358 | $349 | $425 | $322 | $421 | $419 | $460 |
| ▁▂▄▆▄█▇▇ | Total Deposits ($M) | $249 | $284 | $329 | $371 | $326 | $441 | $407 | $401 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| Consumer | 49% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 29% |