Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.64% | +0.00 | 0.64% |
| Return on Equity (%) | ▼ | 10.39% | -3.23 | 13.62% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.18 | 2.83% |
| Efficiency Ratio (%) | ▼ | 81.58% | +0.93 | 80.65% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 0.94% | -0.13 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $602 | +35.30 | $567 |
| Gross Loans ($M) | ▲ | $278 | +11.69 | $266 |
| Loan Growth YoY (%) | ▼ | 49.15% | -0.30 | 49.44% |
| Total Deposits ($M) | ▲ | $563 | +27.07 | $536 |
| Shareholders Equity ($M) | ▲ | $36 | +8.52 | $28 |
| Tang. Book Value ($M) | ▲ | $34 | +8.52 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +8.57 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 49.15% | -0.30 | 49.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Allowance / Loans (%) | — | 0.57% | -0.03% | 0.60% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.06 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.53% | -0.35 | 21.87% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▆▇█▇ | Net Interest Margin (%) | 2.74% | 2.76% | 2.82% | 2.83% | 2.97% | 3.03% | 3.08% | 3.01% |
| ▁▁▁▂▇██▂ | Return on Assets (%) | 0.60% | 0.63% | 0.63% | 0.64% | 0.81% | 0.84% | 0.83% | 0.64% |
| ▇▆▆▇▂▁▂█ | Efficiency Ratio (%) | 80.4% | 79.7% | 79.9% | 80.7% | 76.0% | 75.1% | 76.0% | 81.6% |
| ▂▅██▃▂▂▁ | Cost of Funds (%) | 0.97% | 1.03% | 1.09% | 1.07% | 0.99% | 0.97% | 0.98% | 0.94% |
| █▆██▄▃▁▃ | NPA / Assets (%) | 0.11% | 0.10% | 0.11% | 0.11% | 0.09% | 0.09% | 0.07% | 0.08% |
| █▇██▄▃▁▃ | Net Charge-Off Ratio (%) | 0.24% | 0.22% | 0.23% | 0.24% | 0.19% | 0.18% | 0.15% | 0.18% |
| ▁▅▁▃▃▇██ | Tang. Book Value ($M) | $22 | $29 | $23 | $25 | $26 | $32 | $35 | $34 |
| ▂▁▁▁▄█▆█ | Gross Loans ($M) | $268 | $266 | $265 | $266 | $270 | $277 | $275 | $278 |
| ▁▅▂▂▃▅▄█ | Total Deposits ($M) | $530 | $547 | $536 | $536 | $542 | $549 | $546 | $563 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |