Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.19% | +0.46 | 1.73% |
| Return on Equity (%) | ▲ | 27.09% | +2.70 | 24.39% |
| Net Interest Margin (%) | ▲ | 4.81% | +0.22 | 4.59% |
| Efficiency Ratio (%) | ▲ | 58.64% | -6.14 | 64.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 0.62% | -0.04 | 0.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $228 | +2.61 | $225 |
| Gross Loans ($M) | ▲ | $148 | +7.63 | $141 |
| Loan Growth YoY (%) | ▲ | 81.86% | +3.61 | 78.25% |
| Total Deposits ($M) | ▲ | $179 | +1.39 | $178 |
| Shareholders Equity ($M) | ▲ | $19 | +3.16 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +3.15 | $14 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +3.39 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 81.86% | +3.61 | 78.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.18 | 0.22% |
| Allowance / Loans (%) | — | 0.99% | 0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.29 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.35% | +1.39 | 14.96% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▆▁▃▇██ | Net Interest Margin (%) | 4.62% | 4.70% | 4.73% | 4.59% | 4.67% | 4.76% | 4.80% | 4.81% |
| ▂▃▁▅▅▆▇█ | Return on Assets (%) | 1.43% | 1.59% | 1.26% | 1.73% | 1.80% | 1.93% | 2.00% | 2.19% |
| ▆▅█▄▃▂▂▁ | Efficiency Ratio (%) | 69.7% | 67.3% | 74.1% | 64.8% | 63.6% | 62.0% | 60.9% | 58.6% |
| ▁▅▇▄▇█▇▂ | Cost of Funds (%) | 0.59% | 0.69% | 0.73% | 0.66% | 0.73% | 0.77% | 0.73% | 0.62% |
| ▂▂▂██▁▁▂ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.22% | 0.21% | 0.02% | 0.02% | 0.04% |
| ▂▂▂██▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.08% | 0.35% | 0.34% | 0.03% | 0.03% | 0.07% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $12 | $14 | $13 | $14 | $15 | $16 | $16 | $17 |
| ▁▄▅▅▆▇██ | Gross Loans ($M) | $133 | $140 | $141 | $141 | $144 | $146 | $147 | $148 |
| ▃▁▁▃█▂▂▅ | Total Deposits ($M) | $178 | $175 | $175 | $178 | $183 | $177 | $177 | $179 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 3% |