Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.35% | +0.58 | 1.77% |
| Return on Equity (%) | ▲ | 16.66% | +3.17 | 13.49% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.33 | 3.79% |
| Efficiency Ratio (%) | ▼ | 47.31% | +3.40 | 43.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.10 | $3 |
| Cost of Funds (%) | ▲ | 1.05% | -0.11 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $449 | +15.37 | $434 |
| Gross Loans ($M) | ▼ | $254 | -0.15 | $254 |
| Loan Growth YoY (%) | ▼ | 65.20% | -1.79 | 66.99% |
| Total Deposits ($M) | ▲ | $385 | +9.50 | $375 |
| Shareholders Equity ($M) | ▲ | $63 | +5.75 | $57 |
| Tang. Book Value ($M) | ▲ | $59 | +5.75 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +6.34 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 65.20% | -1.79 | 66.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -1.52 | 1.90% |
| Allowance / Loans (%) | — | 1.38% | 0.14% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -3.20 | 3.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇▇██ | Net Interest Margin (%) | 3.55% | 3.61% | 3.67% | 3.79% | 3.98% | 4.03% | 4.09% | 4.12% |
| ▂▃▃▁▅▇██ | Return on Assets (%) | 1.93% | 1.99% | 1.98% | 1.77% | 2.15% | 2.31% | 2.41% | 2.35% |
| █▇▆▃▁▁▁▆ | Efficiency Ratio (%) | 50.8% | 49.2% | 47.9% | 43.9% | 40.5% | 40.9% | 41.2% | 47.3% |
| ▅██▅▃▄▃▁ | Cost of Funds (%) | 1.18% | 1.27% | 1.25% | 1.16% | 1.13% | 1.15% | 1.13% | 1.05% |
| ▁▁▂█▇▂▂▂ | NPA / Assets (%) | 0.08% | 0.10% | 0.50% | 1.90% | 1.61% | 0.45% | 0.45% | 0.38% |
| ▁▁▂█▇▂▂▁ | Net Charge-Off Ratio (%) | 0.13% | 0.16% | 0.80% | 3.25% | 2.83% | 0.79% | 0.78% | 0.04% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $49 | $52 | $52 | $53 | $55 | $58 | $59 | $59 |
| ▇██▄▁▃▅▄ | Gross Loans ($M) | $260 | $263 | $263 | $254 | $246 | $251 | $256 | $254 |
| ▂▁▃▅▅▆▅█ | Total Deposits ($M) | $365 | $360 | $368 | $375 | $373 | $377 | $374 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 7% |