Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.56 | 0.20% |
| Return on Equity (%) | ▲ | 6.05% | +4.41 | 1.64% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.41 | 2.99% |
| Efficiency Ratio (%) | ▲ | 75.09% | -6.89 | 81.98% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 2.15% | -0.42 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $569 | +22.82 | $546 |
| Gross Loans ($M) | ▲ | $340 | +32.84 | $307 |
| Loan Growth YoY (%) | ▲ | 68.01% | +0.05 | 67.97% |
| Total Deposits ($M) | ▲ | $494 | +47.52 | $446 |
| Shareholders Equity ($M) | ▲ | $72 | +3.81 | $68 |
| Tang. Book Value ($M) | ▲ | $63 | +3.81 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +4.70 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 68.01% | +0.05 | 67.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.12% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.43% | -0.88 | 14.31% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▆▁▆▇▆█ | Net Interest Margin (%) | 3.30% | 3.30% | 3.27% | 2.99% | 3.27% | 3.32% | 3.30% | 3.41% |
| ▇▇▄▁▅▆▆█ | Return on Assets (%) | 0.64% | 0.62% | 0.46% | 0.20% | 0.51% | 0.57% | 0.57% | 0.76% |
| ▃▄██▁▁▃▂ | Efficiency Ratio (%) | 76.2% | 77.0% | 81.6% | 82.0% | 74.0% | 75.0% | 76.7% | 75.1% |
| ▄██▆▃▄▃▁ | Cost of Funds (%) | 2.45% | 2.77% | 2.73% | 2.57% | 2.37% | 2.41% | 2.33% | 2.15% |
| ████▁▁▁▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $58 | $60 | $59 | $59 | $61 | $62 | $63 | $63 |
| ▁▂▁▂█▇▇█ | Gross Loans ($M) | $304 | $309 | $301 | $307 | $336 | $331 | $334 | $340 |
| ▃▁▂▂▃▇▇█ | Total Deposits ($M) | $452 | $437 | $447 | $446 | $455 | $481 | $483 | $494 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 21% |