Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.69% | -0.08 | 0.77% |
| Return on Equity (%) | ▼ | 8.52% | -1.70 | 10.22% |
| Net Interest Margin (%) | ▼ | 2.91% | -0.02 | 2.93% |
| Efficiency Ratio (%) | ▼ | 77.22% | +2.13 | 75.08% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.03 | $1 |
| Cost of Funds (%) | ▲ | 0.91% | -0.01 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $290 | +28.01 | $262 |
| Gross Loans ($M) | ▲ | $99 | +6.21 | $93 |
| Loan Growth YoY (%) | ▼ | 38.00% | -0.13 | 38.13% |
| Total Deposits ($M) | ▲ | $258 | +17.34 | $240 |
| Shareholders Equity ($M) | ▲ | $23 | +2.78 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.78 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +2.91 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 38.00% | -0.13 | 38.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.13 | 0.15% |
| Allowance / Loans (%) | — | 1.16% | -0.14% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.39 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 29.88% | +0.85 | 29.03% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▂▃▇█▁ | Net Interest Margin (%) | 2.96% | 2.93% | 2.90% | 2.93% | 2.95% | 3.02% | 3.04% | 2.91% |
| █▇▅▄▃▄▅▁ | Return on Assets (%) | 0.88% | 0.85% | 0.81% | 0.77% | 0.74% | 0.77% | 0.80% | 0.69% |
| ▁▂▃▆▇▆▆█ | Efficiency Ratio (%) | 71.0% | 72.0% | 73.2% | 75.1% | 76.1% | 75.6% | 75.2% | 77.2% |
| ▂██▃▂▁▁▂ | Cost of Funds (%) | 0.90% | 1.01% | 1.02% | 0.91% | 0.91% | 0.87% | 0.88% | 0.91% |
| ▁▂▁▁▄▆█▆ | NPA / Assets (%) | 0.12% | 0.17% | 0.13% | 0.15% | 0.24% | 0.27% | 0.36% | 0.27% |
| ▁▂▁▂▅▆█▇ | Net Charge-Off Ratio (%) | 0.32% | 0.47% | 0.35% | 0.41% | 0.65% | 0.73% | 0.93% | 0.79% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $18 | $19 | $19 | $20 | $20 | $21 | $22 | $23 |
| ▁▁▁▃▅▅█▇ | Gross Loans ($M) | $90 | $90 | $90 | $93 | $96 | $97 | $102 | $99 |
| ▁▁▂▄▃▃▂█ | Total Deposits ($M) | $228 | $228 | $234 | $240 | $239 | $237 | $232 | $258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 5% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 8% |