Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +1.10 | 1.21% |
| Return on Equity (%) | ▲ | 25.17% | +10.89 | 14.28% |
| Net Interest Margin (%) | ▲ | 5.84% | +0.23 | 5.61% |
| Efficiency Ratio (%) | ▲ | 68.24% | -9.43 | 77.67% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $1 |
| Cost of Funds (%) | ▲ | 1.21% | -0.15 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $357 | -9.71 | $366 |
| Gross Loans ($M) | ▼ | $301 | -6.04 | $307 |
| Loan Growth YoY (%) | ▲ | 92.31% | +1.54 | 90.77% |
| Total Deposits ($M) | ▼ | $323 | -12.03 | $335 |
| Shareholders Equity ($M) | ▲ | $33 | +2.47 | $31 |
| Tang. Book Value ($M) | ▲ | $32 | +2.54 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.48 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 92.31% | +1.54 | 90.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.05% | -0.22 | 1.27% |
| Allowance / Loans (%) | — | 0.98% | -0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 1.24% | -0.27 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.18% | +1.66 | 10.51% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▅▁▅▆██ | Net Interest Margin (%) | 5.70% | 5.71% | 5.75% | 5.61% | 5.74% | 5.77% | 5.87% | 5.84% |
| ▄▄▁▁▂▂▃█ | Return on Assets (%) | 1.66% | 1.63% | 1.32% | 1.21% | 1.48% | 1.39% | 1.61% | 2.31% |
| ▄▄▄█▆▆▃▁ | Efficiency Ratio (%) | 71.9% | 71.8% | 72.6% | 77.7% | 74.3% | 74.6% | 71.7% | 68.2% |
| ▇▇█▅▇▃▃▁ | Cost of Funds (%) | 1.43% | 1.44% | 1.47% | 1.37% | 1.43% | 1.30% | 1.29% | 1.21% |
| ▁▄▂▄▃█▄▂ | NPA / Assets (%) | 0.83% | 1.28% | 1.08% | 1.27% | 1.16% | 1.99% | 1.33% | 1.05% |
| ▁▄▂▄▃█▄▂ | Net Charge-Off Ratio (%) | 0.98% | 1.55% | 1.27% | 1.51% | 1.37% | 2.39% | 1.57% | 1.24% |
| ▂▃▁▂▁▁▆█ | Tang. Book Value ($M) | $30 | $30 | $30 | $30 | $29 | $29 | $32 | $32 |
| ▄▅▆█▅▁▆▆ | Gross Loans ($M) | $295 | $298 | $301 | $307 | $296 | $284 | $301 | $301 |
| ▃▆▄█▃▁▅▅ | Total Deposits ($M) | $316 | $327 | $320 | $335 | $318 | $308 | $322 | $323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 21% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |