Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.15 | 0.57% |
| Return on Equity (%) | ▲ | 10.61% | +1.22 | 9.39% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.21 | 3.26% |
| Efficiency Ratio (%) | ▲ | 73.09% | -2.49 | 75.58% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▼ | 2.20% | +0.06 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $392 | +22.40 | $369 |
| Gross Loans ($M) | ▲ | $268 | +14.95 | $253 |
| Loan Growth YoY (%) | ▼ | 81.05% | -4.67 | 85.72% |
| Total Deposits ($M) | ▲ | $327 | +34.97 | $292 |
| Shareholders Equity ($M) | ▲ | $27 | +3.51 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +3.51 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.22 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 81.05% | -4.67 | 85.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.22 | 0.66% |
| Allowance / Loans (%) | — | 1.30% | 0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.16 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.61% | -0.01 | 12.62% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆███ | Net Interest Margin (%) | 3.02% | 3.10% | 3.14% | 3.26% | 3.37% | 3.47% | 3.51% | 3.47% |
| ▁▂▂▅▇█▇▇ | Return on Assets (%) | 0.31% | 0.39% | 0.42% | 0.57% | 0.71% | 0.81% | 0.71% | 0.72% |
| █▇▇▄▂▁▃▃ | Efficiency Ratio (%) | 83.1% | 80.7% | 79.8% | 75.6% | 71.9% | 69.6% | 73.3% | 73.1% |
| ▁▄▇▅▄▇██ | Cost of Funds (%) | 2.08% | 2.14% | 2.19% | 2.15% | 2.14% | 2.19% | 2.21% | 2.20% |
| ▂▆█▆▃▄▁▂ | NPA / Assets (%) | 0.47% | 0.71% | 0.83% | 0.66% | 0.53% | 0.58% | 0.36% | 0.44% |
| ▁▆█▅▂▁▁▂ | Net Charge-Off Ratio (%) | 0.52% | 0.88% | 1.07% | 0.80% | 0.61% | 0.56% | 0.52% | 0.65% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $21 | $24 | $21 | $23 | $24 | $26 | $26 | $27 |
| ▁▃▃▅████ | Gross Loans ($M) | $234 | $244 | $246 | $253 | $269 | $269 | $270 | $268 |
| ▁▁▃▁▄▄▆█ | Total Deposits ($M) | $295 | $296 | $301 | $292 | $308 | $307 | $314 | $327 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 13% |