Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.15 | 1.40% |
| Return on Equity (%) | ▼ | 17.21% | -0.63 | 17.84% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.23 | 3.35% |
| Efficiency Ratio (%) | ▲ | 61.47% | -1.50 | 62.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.10 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $323 | +4.26 | $319 |
| Gross Loans ($M) | ▲ | $208 | +7.43 | $200 |
| Loan Growth YoY (%) | ▲ | 75.17% | +2.53 | 72.63% |
| Total Deposits ($M) | ▲ | $274 | +0.57 | $273 |
| Shareholders Equity ($M) | ▲ | $30 | +3.95 | $26 |
| Tang. Book Value ($M) | ▲ | $30 | +3.95 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +3.84 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 75.17% | +2.53 | 72.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.32% | +0.61 | 15.71% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.14% | 3.20% | 3.25% | 3.35% | 3.44% | 3.50% | 3.52% | 3.58% |
| ▁▂▃▅████ | Return on Assets (%) | 1.10% | 1.17% | 1.27% | 1.40% | 1.56% | 1.57% | 1.59% | 1.56% |
| █▇▅▄▁▁▁▂ | Efficiency Ratio (%) | 66.3% | 65.5% | 64.1% | 63.0% | 60.9% | 60.6% | 60.3% | 61.5% |
| ▆▆█▆▄▄▃▁ | Cost of Funds (%) | 1.44% | 1.45% | 1.49% | 1.45% | 1.41% | 1.40% | 1.40% | 1.35% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▄▅▆███ | Tang. Book Value ($M) | $20 | $24 | $24 | $26 | $27 | $29 | $29 | $30 |
| ▁▁▁▄▄▅▆█ | Gross Loans ($M) | $196 | $197 | $196 | $200 | $201 | $203 | $204 | $208 |
| ▃▁▆█▇▄██ | Total Deposits ($M) | $265 | $262 | $269 | $273 | $271 | $268 | $273 | $274 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 15% |