Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.00 | 1.12% |
| Return on Equity (%) | ▼ | 11.27% | -1.42 | 12.69% |
| Net Interest Margin (%) | ▼ | 3.89% | -0.28 | 4.16% |
| Efficiency Ratio (%) | ▼ | 69.44% | +0.82 | 68.62% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▼ | 1.15% | +0.04 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $155 | +3.33 | $152 |
| Gross Loans ($M) | ▲ | $56 | +0.73 | $55 |
| Loan Growth YoY (%) | ▼ | 39.23% | -0.03 | 39.26% |
| Total Deposits ($M) | ▲ | $140 | +1.63 | $138 |
| Shareholders Equity ($M) | ▲ | $15 | +1.76 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.76 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.19 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 39.23% | -0.03 | 39.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -1.52 | 1.52% |
| Allowance / Loans (%) | — | 1.61% | 0.21% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -4.20 | 4.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄█▆▅▆▄ | Net Interest Margin (%) | 3.70% | 3.83% | 3.93% | 4.16% | 4.05% | 3.98% | 3.99% | 3.89% |
| ▂▄▁█▃▄▆█ | Return on Assets (%) | 0.89% | 0.95% | 0.82% | 1.12% | 0.91% | 0.94% | 1.02% | 1.12% |
| █▇▇▁▁▁▁▂ | Efficiency Ratio (%) | 76.4% | 74.8% | 74.3% | 68.6% | 67.7% | 68.0% | 68.2% | 69.4% |
| ▃▁█▅▆▄▆█ | Cost of Funds (%) | 1.09% | 1.05% | 1.15% | 1.11% | 1.13% | 1.10% | 1.12% | 1.15% |
| ▆▆▅▅█▁▁▁ | NPA / Assets (%) | 1.92% | 1.98% | 1.64% | 1.52% | 2.68% | 0.09% | 0.00% | 0.00% |
| ▆▆▅▅█▁▁▁ | Net Charge-Off Ratio (%) | 5.43% | 5.31% | 4.21% | 4.20% | 7.73% | 0.26% | 0.00% | 0.00% |
| ▁▅▂▃▃▆██ | Tang. Book Value ($M) | $12 | $14 | $13 | $13 | $13 | $15 | $15 | $15 |
| ▃▅█▆▃▁▄▇ | Gross Loans ($M) | $53 | $54 | $57 | $55 | $53 | $52 | $54 | $56 |
| ▆▁▁▇██▆█ | Total Deposits ($M) | $138 | $131 | $131 | $138 | $140 | $139 | $137 | $140 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 24% |
| Consumer | 3% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 16% |