Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.17 | 1.22% |
| Return on Equity (%) | ▼ | 16.86% | -0.67 | 17.53% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.24 | 4.12% |
| Efficiency Ratio (%) | ▲ | 61.51% | -4.86 | 66.37% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.05% | -0.25 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $182 | +5.97 | $177 |
| Gross Loans ($M) | ▲ | $100 | +16.97 | $83 |
| Loan Growth YoY (%) | ▲ | 61.58% | +10.92 | 50.66% |
| Total Deposits ($M) | ▼ | $161 | -2.14 | $163 |
| Shareholders Equity ($M) | ▲ | $16 | +3.01 | $13 |
| Tang. Book Value ($M) | ▲ | $16 | +3.01 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.65 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 61.58% | +10.92 | 50.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.68 | 0.02% |
| Allowance / Loans (%) | — | 1.01% | 0.33% | 0.68% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +1.27 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.56% | -0.50 | 19.05% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 3.98% | 4.01% | 4.01% | 4.12% | 4.10% | 4.12% | 4.20% | 4.36% |
| ▅▅▄▆▅▁▃█ | Return on Assets (%) | 1.18% | 1.16% | 1.11% | 1.22% | 1.12% | 0.84% | 1.01% | 1.40% |
| ▆▇█▆▇█▇▁ | Efficiency Ratio (%) | 66.6% | 67.4% | 68.4% | 66.4% | 67.4% | 67.9% | 67.0% | 61.5% |
| ▁▂▆█▅█▆▄ | Cost of Funds (%) | 0.89% | 0.95% | 1.19% | 1.30% | 1.13% | 1.30% | 1.20% | 1.05% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.03% | 0.03% | 0.00% | 0.02% | 0.00% | 0.00% | 0.68% | 0.70% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 1.27% |
| ▁▄▂▄▅▆██ | Tang. Book Value ($M) | $10 | $12 | $11 | $13 | $13 | $14 | $15 | $16 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $72 | $76 | $78 | $83 | $90 | $94 | $97 | $100 |
| █▆▄█▂▁█▇ | Total Deposits ($M) | $163 | $158 | $155 | $163 | $151 | $148 | $163 | $161 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |