Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.68 | 0.87% |
| Return on Equity (%) | ▲ | 23.78% | +12.37 | 11.41% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.12 | 4.18% |
| Efficiency Ratio (%) | ▲ | 62.66% | -13.87 | 76.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▼ | 1.55% | +0.06 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $218 | +12.04 | $206 |
| Gross Loans ($M) | ▲ | $136 | +18.85 | $118 |
| Loan Growth YoY (%) | ▲ | 68.52% | +7.11 | 61.42% |
| Total Deposits ($M) | ▲ | $197 | +7.60 | $189 |
| Shareholders Equity ($M) | ▼ | $14 | -1.73 | $16 |
| Tang. Book Value ($M) | ▼ | $14 | -1.73 | $16 |
| TBV excl. AOCI ($M)** | ▼ | $17 | -1.88 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 68.52% | +7.11 | 61.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.15 | 0.33% |
| Allowance / Loans (%) | — | 1.17% | -0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.77% | +0.19 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.40% | -4.18 | 17.59% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆██▆ | Net Interest Margin (%) | 4.07% | 4.05% | 4.04% | 4.18% | 4.29% | 4.40% | 4.41% | 4.30% |
| ▄▃▃▁▃▅▆█ | Return on Assets (%) | 1.16% | 1.10% | 1.11% | 0.87% | 1.12% | 1.26% | 1.32% | 1.56% |
| ▄▅▅█▆▄▄▁ | Efficiency Ratio (%) | 69.0% | 70.8% | 71.0% | 76.5% | 71.4% | 69.3% | 68.4% | 62.7% |
| ▁▇▇▇▇▇██ | Cost of Funds (%) | 1.19% | 1.49% | 1.50% | 1.49% | 1.49% | 1.48% | 1.53% | 1.55% |
| ▂▂▁▂▂███ | NPA / Assets (%) | 0.34% | 0.35% | 0.30% | 0.33% | 0.33% | 0.50% | 0.50% | 0.48% |
| ▃▃▁▂▁██▇ | Net Charge-Off Ratio (%) | 0.60% | 0.60% | 0.51% | 0.58% | 0.54% | 0.81% | 0.79% | 0.77% |
| ▂▆▃▄▅█▁▁ | Tang. Book Value ($M) | $15 | $17 | $15 | $16 | $16 | $18 | $14 | $14 |
| ▁▁▃▃▄▆▇█ | Gross Loans ($M) | $108 | $108 | $118 | $118 | $122 | $129 | $132 | $136 |
| ▂▁▅▆▆▆▆█ | Total Deposits ($M) | $172 | $169 | $184 | $189 | $186 | $187 | $189 | $197 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 13% |