Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.39 | 0.79% |
| Return on Equity (%) | ▲ | 10.34% | +2.31 | 8.03% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.78 | 3.32% |
| Efficiency Ratio (%) | ▲ | 64.77% | -5.92 | 70.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 1.48% | -0.34 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $343 | -18.52 | $362 |
| Gross Loans ($M) | ▲ | $231 | +10.70 | $221 |
| Loan Growth YoY (%) | ▲ | 75.55% | +7.07 | 68.49% |
| Total Deposits ($M) | ▼ | $302 | -15.73 | $318 |
| Shareholders Equity ($M) | ▲ | $39 | +3.87 | $35 |
| Tang. Book Value ($M) | ▲ | $39 | +3.90 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.06 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 75.55% | +7.07 | 68.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.29% | -0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.95% | +0.45 | 17.51% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▃▄▅█ | Net Interest Margin (%) | 3.40% | 3.44% | 3.47% | 3.32% | 3.52% | 3.70% | 3.79% | 4.10% |
| ▂▃▃▁▆▇▇█ | Return on Assets (%) | 0.87% | 0.89% | 0.92% | 0.79% | 1.08% | 1.13% | 1.13% | 1.18% |
| ▆▅▅█▃▁▁▂ | Efficiency Ratio (%) | 68.3% | 68.0% | 67.6% | 70.7% | 65.6% | 64.5% | 63.7% | 64.8% |
| ████▆▂▁▁ | Cost of Funds (%) | 1.85% | 1.87% | 1.82% | 1.82% | 1.76% | 1.57% | 1.50% | 1.48% |
| ▂▂█▁▁▁▁▁ | NPA / Assets (%) | 0.13% | 0.13% | 1.00% | 0.02% | 0.05% | 0.02% | 0.02% | 0.00% |
| ▁▁█▃▆▃▃▁ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.10% | 0.03% | 0.08% | 0.03% | 0.03% | 0.00% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $33 | $35 | $34 | $35 | $36 | $37 | $38 | $39 |
| ▁▆▂▁▅▅██ | Gross Loans ($M) | $220 | $228 | $222 | $221 | $226 | $226 | $230 | $231 |
| ▃▄▃█▆▄▁▅ | Total Deposits ($M) | $297 | $298 | $296 | $318 | $310 | $299 | $286 | $302 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |