Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.69 | -0.09% |
| Return on Equity (%) | ▲ | 7.04% | +8.59 | -1.55% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.63 | 2.99% |
| Efficiency Ratio (%) | ▲ | 79.25% | -18.14 | 97.39% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.26 | $0 |
| Cost of Funds (%) | ▲ | 1.34% | -0.47 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $130 | -18.04 | $148 |
| Gross Loans ($M) | ▼ | $62 | -3.99 | $66 |
| Loan Growth YoY (%) | ▲ | 52.31% | +2.17 | 50.14% |
| Total Deposits ($M) | ▼ | $117 | -12.91 | $130 |
| Shareholders Equity ($M) | ▲ | $11 | +1.05 | $10 |
| Tang. Book Value ($M) | ▲ | $11 | +1.05 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +0.80 | $12 |
| Loan / Deposit Ratio (%) | ▲ | 52.31% | +2.17 | 50.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.49 | 0.30% |
| Allowance / Loans (%) | — | 0.93% | -0.03% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.97 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -17.75 | 17.75% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.51% | 2.51% | 2.56% | 2.99% | 3.07% | 3.17% | 3.26% | 3.62% |
| ▂▁▂▁▃▂▂█ | Return on Assets (%) | 0.06% | -0.07% | 0.00% | -0.09% | 0.08% | 0.05% | 0.06% | 0.60% |
| ▇██▇▅▆▅▁ | Efficiency Ratio (%) | 97.9% | 102.7% | 100.9% | 97.4% | 92.9% | 94.1% | 93.5% | 79.2% |
| ███▄▅▂▁▁ | Cost of Funds (%) | 2.19% | 2.28% | 2.19% | 1.81% | 1.90% | 1.56% | 1.43% | 1.34% |
| ▁▁▃▂▁▂██ | NPA / Assets (%) | 0.21% | 0.22% | 0.41% | 0.30% | 0.26% | 0.35% | 0.72% | 0.78% |
| ▁▁▃▂▁▂▇█ | Net Charge-Off Ratio (%) | 0.44% | 0.46% | 0.88% | 0.67% | 0.52% | 0.71% | 1.46% | 1.64% |
| ▁▂▁▆▇███ | Tang. Book Value ($M) | $7 | $7 | $7 | $10 | $10 | $10 | $10 | $11 |
| █▇▆▅▂▁▁▂ | Gross Loans ($M) | $71 | $69 | $68 | $66 | $62 | $60 | $60 | $62 |
| █▇▇▇▃▁▂▃ | Total Deposits ($M) | $134 | $129 | $129 | $130 | $116 | $108 | $111 | $117 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 9% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 19% |