Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.94 | -0.31% |
| Return on Equity (%) | ▲ | 5.54% | +8.88 | -3.34% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.29 | 3.29% |
| Efficiency Ratio (%) | ▲ | 87.47% | -22.61 | 110.08% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.49 | $-0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.34 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $164 | +4.77 | $159 |
| Gross Loans ($M) | ▼ | $115 | -7.99 | $123 |
| Loan Growth YoY (%) | ▼ | 78.94% | -6.85 | 85.78% |
| Total Deposits ($M) | ▲ | $144 | +2.25 | $142 |
| Shareholders Equity ($M) | ▲ | $18 | +3.02 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +3.02 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 78.94% | -6.85 | 85.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.61 | 0.06% |
| Allowance / Loans (%) | — | 0.78% | 0.01% | 0.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.53 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.96% | +3.47 | 12.49% |
Noninterest income ($1.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▇██ | Net Interest Margin (%) | 3.01% | 3.02% | 3.04% | 3.29% | 3.37% | 3.47% | 3.51% | 3.58% |
| ▃▂▁▄▅▅▅█ | Return on Assets (%) | -0.52% | -0.61% | -0.92% | -0.31% | -0.08% | -0.13% | -0.14% | 0.62% |
| ▇██▆▄▅▅▁ | Efficiency Ratio (%) | 116.3% | 118.0% | 122.3% | 110.1% | 103.0% | 105.2% | 105.0% | 87.5% |
| ██▇▅▂▄▄▁ | Cost of Funds (%) | 2.29% | 2.35% | 2.26% | 2.06% | 1.84% | 2.03% | 1.98% | 1.71% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.07% | 0.06% | 0.06% | 0.06% | 0.05% | 0.16% | 0.69% | 0.66% |
| ▁▁▁▁▁▂█▅ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.08% | 0.07% | 0.07% | 0.21% | 0.92% | 0.60% |
| ▃▄▁▁▁▁██ | Tang. Book Value ($M) | $16 | $16 | $15 | $15 | $15 | $15 | $18 | $18 |
| ▅▄▆██▅▁▁ | Gross Loans ($M) | $119 | $118 | $121 | $123 | $122 | $120 | $116 | $115 |
| ▅▅▆██▃▁█ | Total Deposits ($M) | $133 | $132 | $135 | $142 | $147 | $119 | $110 | $144 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 31% |