Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.36 | 1.00% |
| Return on Equity (%) | ▲ | 14.44% | +2.78 | 11.66% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.42 | 3.30% |
| Efficiency Ratio (%) | ▲ | 66.27% | -6.87 | 73.14% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.49% | -0.30 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $487 | +28.97 | $458 |
| Gross Loans ($M) | ▲ | $273 | +17.41 | $256 |
| Loan Growth YoY (%) | ▼ | 63.53% | -0.20 | 63.73% |
| Total Deposits ($M) | ▲ | $426 | +28.38 | $398 |
| Shareholders Equity ($M) | ▲ | $46 | +5.49 | $40 |
| Tang. Book Value ($M) | ▲ | $43 | +5.50 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +5.72 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 63.53% | -0.20 | 63.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.07 | 0.03% |
| Allowance / Loans (%) | — | 1.02% | 0.00% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.13 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.09% | 3.10% | 3.15% | 3.30% | 3.33% | 3.39% | 3.46% | 3.72% |
| ▁▁▂▂▃▅▄█ | Return on Assets (%) | 0.94% | 0.97% | 1.00% | 1.00% | 1.06% | 1.16% | 1.12% | 1.36% |
| ██▇█▆▄▄▁ | Efficiency Ratio (%) | 74.1% | 73.3% | 72.6% | 73.1% | 71.5% | 69.4% | 70.1% | 66.3% |
| ██▆▄▅▄▂▁ | Cost of Funds (%) | 2.12% | 2.13% | 1.94% | 1.79% | 1.82% | 1.79% | 1.64% | 1.49% |
| ▁▁▂▂▅██▄ | NPA / Assets (%) | 0.00% | 0.01% | 0.05% | 0.03% | 0.14% | 0.23% | 0.23% | 0.10% |
| ▁▁▂▂▅██▄ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.09% | 0.06% | 0.26% | 0.41% | 0.41% | 0.19% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $34 | $38 | $36 | $38 | $39 | $42 | $43 | $43 |
| ▁▂▁▄▄▆██ | Gross Loans ($M) | $245 | $249 | $247 | $256 | $259 | $264 | $271 | $273 |
| ▂▂▄▁▃▃▇█ | Total Deposits ($M) | $404 | $401 | $410 | $398 | $406 | $408 | $421 | $426 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |