Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.45 | 1.05% |
| Return on Equity (%) | ▲ | 23.75% | +2.54 | 21.21% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.26 | 3.54% |
| Efficiency Ratio (%) | ▲ | 75.11% | -4.30 | 79.41% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.88 | $2 |
| Cost of Funds (%) | ▲ | 0.83% | -0.11 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $748 | +19.39 | $729 |
| Gross Loans ($M) | ▼ | $398 | -11.10 | $410 |
| Loan Growth YoY (%) | ▼ | 61.79% | -1.66 | 63.45% |
| Total Deposits ($M) | ▼ | $639 | -0.52 | $640 |
| Shareholders Equity ($M) | ▲ | $46 | +8.50 | $38 |
| Tang. Book Value ($M) | ▲ | $45 | +8.56 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +9.33 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 61.79% | -1.66 | 63.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.22 | 0.45% |
| Allowance / Loans (%) | — | 0.85% | -0.01% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.55 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.20% | +0.61 | 14.60% |
Noninterest income ($5.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.28% | 3.36% | 3.54% | 3.59% | 3.63% | 3.69% | 3.80% |
| ▁▂▃▄▅▆▆█ | Return on Assets (%) | 0.62% | 0.76% | 0.93% | 1.05% | 1.14% | 1.21% | 1.22% | 1.50% |
| █▇▅▄▃▂▂▁ | Efficiency Ratio (%) | 86.3% | 84.1% | 81.1% | 79.4% | 78.3% | 77.5% | 76.9% | 75.1% |
| ▇█▅▃▂▃▂▁ | Cost of Funds (%) | 1.19% | 1.25% | 1.07% | 0.94% | 0.94% | 0.98% | 0.92% | 0.83% |
| ▁▁████▆▂ | NPA / Assets (%) | 0.20% | 0.17% | 0.43% | 0.45% | 0.46% | 0.44% | 0.37% | 0.23% |
| ▂▁████▇▁ | Net Charge-Off Ratio (%) | 0.33% | 0.29% | 0.74% | 0.81% | 0.80% | 0.80% | 0.68% | 0.26% |
| ▁▅▁▃▃▇██ | Tang. Book Value ($M) | $31 | $39 | $32 | $36 | $36 | $42 | $46 | $45 |
| ▇█▆▆█▃▁▁ | Gross Loans ($M) | $413 | $415 | $410 | $410 | $416 | $403 | $399 | $398 |
| ▁▂▆█▇███ | Total Deposits ($M) | $562 | $579 | $615 | $640 | $628 | $639 | $638 | $639 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 73% |