Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.27% | +0.09 | 2.18% |
| Return on Equity (%) | ▼ | 17.51% | -0.20 | 17.71% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.16 | 3.29% |
| Efficiency Ratio (%) | ▼ | 47.09% | +1.94 | 45.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $2 |
| Cost of Funds (%) | ▲ | 1.66% | -0.15 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $420 | +24.09 | $396 |
| Gross Loans ($M) | ▲ | $246 | +7.26 | $239 |
| Loan Growth YoY (%) | ▼ | 66.53% | -1.63 | 68.16% |
| Total Deposits ($M) | ▲ | $362 | +19.35 | $343 |
| Shareholders Equity ($M) | ▲ | $55 | +5.44 | $50 |
| Tang. Book Value ($M) | ▲ | $55 | +5.44 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +5.51 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 66.53% | -1.63 | 68.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.90% | -0.06% | 1.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆██▇█ | Net Interest Margin (%) | 2.66% | 2.75% | 2.84% | 3.29% | 3.46% | 3.51% | 3.37% | 3.45% |
| ▁▁▁▅▇██▆ | Return on Assets (%) | 1.75% | 1.82% | 1.79% | 2.18% | 2.42% | 2.47% | 2.54% | 2.27% |
| ▆▆█▄▁▁▁▆ | Efficiency Ratio (%) | 47.1% | 46.6% | 49.2% | 45.2% | 41.3% | 42.1% | 41.8% | 47.1% |
| ▆█▄▄▁▂▇▁ | Cost of Funds (%) | 1.94% | 2.10% | 1.85% | 1.81% | 1.62% | 1.71% | 2.01% | 1.66% |
| █▁▁▂▂▂▃▃ | NPA / Assets (%) | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| █▁▁▂▂▂▃▃ | Net Charge-Off Ratio (%) | 0.04% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $47 | $48 | $49 | $50 | $52 | $54 | $54 | $55 |
| ▂▁▂▃▅▄█▆ | Gross Loans ($M) | $238 | $234 | $236 | $239 | $243 | $241 | $250 | $246 |
| ▂▁▄▂▃▃█▇ | Total Deposits ($M) | $342 | $336 | $352 | $343 | $348 | $347 | $371 | $362 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 14% |