Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.26 | 0.96% |
| Return on Equity (%) | ▲ | 13.55% | +1.52 | 12.03% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.44 | 4.03% |
| Efficiency Ratio (%) | ▲ | 66.68% | -3.89 | 70.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.37% | -0.31 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $562 | +15.52 | $547 |
| Gross Loans ($M) | ▲ | $386 | +13.60 | $372 |
| Loan Growth YoY (%) | ▲ | 75.09% | +1.34 | 73.75% |
| Total Deposits ($M) | ▲ | $507 | +9.31 | $497 |
| Shareholders Equity ($M) | ▲ | $50 | +6.06 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +5.98 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +6.02 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 75.09% | +1.34 | 73.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.10 | 0.33% |
| Allowance / Loans (%) | — | 1.33% | -0.07% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.15 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▅▆█ | Net Interest Margin (%) | 3.96% | 4.00% | 4.03% | 4.03% | 4.16% | 4.23% | 4.32% | 4.47% |
| ▁▂▃▂▄▅▆█ | Return on Assets (%) | 0.88% | 0.96% | 0.99% | 0.96% | 1.04% | 1.09% | 1.13% | 1.21% |
| ▆▂▄█▄▃▅▁ | Efficiency Ratio (%) | 69.6% | 67.5% | 68.6% | 70.6% | 68.5% | 68.1% | 69.0% | 66.7% |
| ▆██▆▆▅▃▁ | Cost of Funds (%) | 1.67% | 1.78% | 1.79% | 1.68% | 1.65% | 1.59% | 1.50% | 1.37% |
| █▅▁▁▁▁▃▃ | NPA / Assets (%) | 0.67% | 0.52% | 0.36% | 0.33% | 0.32% | 0.34% | 0.43% | 0.43% |
| █▅▁▁▁▁▃▃ | Net Charge-Off Ratio (%) | 0.94% | 0.74% | 0.52% | 0.48% | 0.48% | 0.52% | 0.61% | 0.63% |
| ▁▄▂▃▅███ | Tang. Book Value ($M) | $40 | $44 | $42 | $43 | $45 | $49 | $49 | $49 |
| ▃▄▁▄▂▁██ | Gross Loans ($M) | $369 | $371 | $363 | $372 | $366 | $361 | $383 | $386 |
| ▁▂▃▆▇▆▆█ | Total Deposits ($M) | $473 | $479 | $483 | $497 | $500 | $496 | $497 | $507 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 16% |