Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.67% | -0.19 | 1.86% |
| Return on Equity (%) | ▼ | 11.88% | -2.46 | 14.34% |
| Net Interest Margin (%) | ▲ | 5.59% | +0.33 | 5.26% |
| Efficiency Ratio (%) | ▼ | 70.64% | +11.22 | 59.43% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.52 | $1 |
| Cost of Funds (%) | ▲ | 1.37% | -0.25 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $197 | -9.36 | $206 |
| Gross Loans ($M) | ▲ | $153 | +2.09 | $151 |
| Loan Growth YoY (%) | ▲ | 109.20% | +8.45 | 100.75% |
| Total Deposits ($M) | ▼ | $137 | -8.82 | $146 |
| Shareholders Equity ($M) | ▲ | $28 | +0.83 | $27 |
| Tang. Book Value ($M) | ▲ | $27 | +1.03 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 109.20% | +8.45 | 100.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.76% | +0.03 | 1.73% |
| Allowance / Loans (%) | — | 1.79% | -0.45% | 2.23% |
| Net Charge-Off Ratio (%) | ▲ | 2.27% | -0.09 | 2.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.76% | +0.02 | 19.74% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 5.09% | 5.12% | 5.16% | 5.26% | 5.43% | 5.53% | 5.58% | 5.59% |
| ▁▁▁▇███▆ | Return on Assets (%) | 0.97% | 0.87% | 0.93% | 1.86% | 1.97% | 1.94% | 2.01% | 1.67% |
| ▆▆▆▁▃▄▄█ | Efficiency Ratio (%) | 66.5% | 67.8% | 67.0% | 59.4% | 63.3% | 64.1% | 64.7% | 70.6% |
| ███▅▄▄▃▁ | Cost of Funds (%) | 1.79% | 1.83% | 1.80% | 1.62% | 1.57% | 1.56% | 1.51% | 1.37% |
| ▆▅█▆▅▁▇▆ | NPA / Assets (%) | 1.76% | 1.72% | 1.84% | 1.73% | 1.71% | 1.53% | 1.78% | 1.76% |
| ▇▇█▇▄▁▆▆ | Net Charge-Off Ratio (%) | 2.34% | 2.33% | 2.43% | 2.36% | 2.14% | 1.93% | 2.26% | 2.27% |
| ▁▁▂▄▅█▅█ | Tang. Book Value ($M) | $25 | $25 | $25 | $26 | $26 | $27 | $26 | $27 |
| █▇▄▁▅▄▂▂ | Gross Loans ($M) | $163 | $160 | $157 | $151 | $158 | $156 | $153 | $153 |
| ██▄▆▃▁▁▂ | Total Deposits ($M) | $150 | $150 | $142 | $146 | $140 | $137 | $135 | $137 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 7% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |