Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.95% | -0.16 | 2.11% |
| Return on Equity (%) | ▼ | 35.42% | -17.29 | 52.71% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.08 | 3.89% |
| Efficiency Ratio (%) | ▼ | 52.48% | +2.18 | 50.30% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.12 | $4 |
| Cost of Funds (%) | ▲ | 0.72% | -0.14 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $795 | +17.38 | $777 |
| Gross Loans ($M) | ▲ | $313 | +0.81 | $312 |
| Loan Growth YoY (%) | ▼ | 44.54% | -0.52 | 45.06% |
| Total Deposits ($M) | ▲ | $693 | +9.56 | $684 |
| Shareholders Equity ($M) | ▲ | $42 | +6.28 | $36 |
| Tang. Book Value ($M) | ▲ | $42 | +6.28 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +7.75 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 44.54% | -0.52 | 45.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.28% | 0.04% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.19 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.38% | -0.73 | 18.11% |
Noninterest income ($1.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▇███ | Net Interest Margin (%) | 3.26% | 3.29% | 3.41% | 3.89% | 3.88% | 3.92% | 3.95% | 3.97% |
| ▇▇▁████▇ | Return on Assets (%) | 1.85% | 1.88% | 0.99% | 2.11% | 2.08% | 2.09% | 2.07% | 1.95% |
| ▄▁▁▃▄▃▆█ | Efficiency Ratio (%) | 50.5% | 49.3% | 49.6% | 50.3% | 50.9% | 50.4% | 51.5% | 52.5% |
| ██▆▃▃▂▂▁ | Cost of Funds (%) | 1.16% | 1.14% | 1.00% | 0.85% | 0.86% | 0.82% | 0.81% | 0.72% |
| ▂▂▂▂██▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.08% | 0.35% | 0.35% | 0.00% | 0.01% |
| ▂▂▂▂██▁▁ | Net Charge-Off Ratio (%) | 0.20% | 0.19% | 0.19% | 0.21% | 0.88% | 0.86% | 0.00% | 0.02% |
| ▁▅▁▅▆▇█▇ | Tang. Book Value ($M) | $25 | $36 | $27 | $36 | $38 | $42 | $44 | $42 |
| ▁▃▆▇▆█▅█ | Gross Loans ($M) | $299 | $303 | $309 | $312 | $309 | $315 | $308 | $313 |
| ▅▅█▃▄▃▁▅ | Total Deposits ($M) | $692 | $691 | $706 | $684 | $686 | $683 | $673 | $693 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 6% |