Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.10 | 0.92% |
| Return on Equity (%) | ▲ | 7.51% | +0.26 | 7.25% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.41 | 3.64% |
| Efficiency Ratio (%) | ▲ | 73.51% | -1.43 | 74.95% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.16% | -0.27 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $287 | +4.33 | $282 |
| Gross Loans ($M) | ▲ | $165 | +9.91 | $155 |
| Loan Growth YoY (%) | ▲ | 66.30% | +3.76 | 62.54% |
| Total Deposits ($M) | ▲ | $247 | +1.11 | $245 |
| Shareholders Equity ($M) | ▲ | $39 | +3.07 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +3.07 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +3.18 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 66.30% | +3.76 | 62.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.27 | 0.10% |
| Allowance / Loans (%) | — | 0.74% | -0.09% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.47 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 3.40% | 3.40% | 3.45% | 3.64% | 3.67% | 3.73% | 3.77% | 4.05% |
| █▆▄▃▄▃▁▄ | Return on Assets (%) | 1.27% | 1.10% | 1.00% | 0.92% | 1.00% | 0.93% | 0.80% | 1.02% |
| ▁▃▆█▆██▇ | Efficiency Ratio (%) | 63.5% | 68.0% | 71.8% | 74.9% | 72.8% | 74.7% | 76.1% | 73.5% |
| ▇█▇▆▅▅▃▁ | Cost of Funds (%) | 1.50% | 1.58% | 1.52% | 1.43% | 1.37% | 1.38% | 1.28% | 1.16% |
| ▄▁▂▂▄▅▅█ | NPA / Assets (%) | 0.19% | 0.05% | 0.10% | 0.10% | 0.19% | 0.21% | 0.25% | 0.38% |
| ▄▁▂▂▄▅▅█ | Net Charge-Off Ratio (%) | 0.34% | 0.09% | 0.17% | 0.19% | 0.34% | 0.37% | 0.44% | 0.66% |
| ▁▅▂▂▃▇█▇ | Tang. Book Value ($M) | $33 | $36 | $34 | $34 | $35 | $37 | $38 | $37 |
| ▃▂▁▁▂▆▇█ | Gross Loans ($M) | $158 | $157 | $156 | $155 | $157 | $162 | $163 | $165 |
| ▇▂▁▄█▂▆▅ | Total Deposits ($M) | $248 | $243 | $241 | $245 | $250 | $242 | $247 | $247 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |