Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.58 | 0.57% |
| Return on Equity (%) | ▲ | 13.30% | +6.20 | 7.10% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.63 | 2.69% |
| Efficiency Ratio (%) | ▲ | 61.13% | -15.96 | 77.10% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.91 | $2 |
| Cost of Funds (%) | ▲ | 1.77% | -0.11 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $908 | +51.43 | $857 |
| Gross Loans ($M) | ▲ | $730 | +73.94 | $656 |
| Loan Growth YoY (%) | ▲ | 93.82% | +2.73 | 91.09% |
| Total Deposits ($M) | ▲ | $771 | +57.29 | $714 |
| Shareholders Equity ($M) | ▲ | $80 | +10.99 | $69 |
| Tang. Book Value ($M) | ▲ | $79 | +10.99 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +10.11 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 93.82% | +2.73 | 91.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Allowance / Loans (%) | — | 0.85% | 0.01% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.09 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.55% | -0.04 | 12.59% |
Noninterest income ($1.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.46% | 2.48% | 2.52% | 2.69% | 2.80% | 2.91% | 2.99% | 3.32% |
| ▁▁▁▂▂▄▄█ | Return on Assets (%) | 0.50% | 0.51% | 0.49% | 0.57% | 0.65% | 0.74% | 0.77% | 1.15% |
| ███▇▆▅▄▁ | Efficiency Ratio (%) | 81.0% | 80.5% | 80.3% | 77.1% | 74.3% | 72.0% | 70.6% | 61.1% |
| ▄█▅▃▄▄▃▁ | Cost of Funds (%) | 1.91% | 2.07% | 1.92% | 1.88% | 1.88% | 1.90% | 1.85% | 1.77% |
| ▁▁▁▂▁▂▃█ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% | 0.03% | 0.09% |
| ▁▁▁▂▁▂▃█ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% | 0.04% | 0.11% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $62 | $67 | $65 | $68 | $70 | $74 | $77 | $79 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $596 | $600 | $618 | $656 | $695 | $713 | $739 | $730 |
| ▁▂▃▄▆▆█▇ | Total Deposits ($M) | $666 | $688 | $701 | $714 | $747 | $762 | $795 | $771 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |