Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.95% | -0.13 | 1.08% |
| Return on Equity (%) | ▼ | 12.09% | -2.51 | 14.60% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.34 | 3.70% |
| Efficiency Ratio (%) | ▼ | 78.14% | +6.38 | 71.76% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.60% | -0.26 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $167 | -3.40 | $170 |
| Gross Loans ($M) | ▲ | $126 | +8.38 | $118 |
| Loan Growth YoY (%) | ▲ | 86.68% | +8.24 | 78.44% |
| Total Deposits ($M) | ▼ | $144 | -4.50 | $149 |
| Shareholders Equity ($M) | ▲ | $15 | +1.25 | $14 |
| Tang. Book Value ($M) | ▲ | $14 | +1.36 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 86.68% | +8.24 | 78.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.21 | 0.21% |
| Allowance / Loans (%) | — | 1.14% | -0.06% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.30 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.11% | +0.35 | 10.76% |
Noninterest income ($0.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▆█ | Net Interest Margin (%) | 3.64% | 3.65% | 3.72% | 3.70% | 3.80% | 3.87% | 3.89% | 4.04% |
| ▁▁▆████▄ | Return on Assets (%) | 0.86% | 0.86% | 1.02% | 1.08% | 1.10% | 1.10% | 1.10% | 0.95% |
| ▇▇▄▁▁▃▃█ | Efficiency Ratio (%) | 77.2% | 77.3% | 74.8% | 71.8% | 72.4% | 73.8% | 73.8% | 78.1% |
| ▇▆▅█▇▄▁▄ | Cost of Funds (%) | 1.80% | 1.73% | 1.70% | 1.86% | 1.76% | 1.61% | 1.43% | 1.60% |
| ▂▁▆█▃▁▁▁ | NPA / Assets (%) | 0.03% | 0.00% | 0.15% | 0.21% | 0.07% | 0.00% | 0.00% | 0.00% |
| ▂▁▆█▃▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.00% | 0.20% | 0.30% | 0.09% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $12 | $13 | $13 | $13 | $14 | $14 | $14 | $14 |
| ▁▄▄▄▄▄▇█ | Gross Loans ($M) | $110 | $117 | $118 | $118 | $118 | $118 | $124 | $126 |
| ▁▃▅▅▃▆█▄ | Total Deposits ($M) | $130 | $141 | $151 | $149 | $143 | $153 | $165 | $144 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |