Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.26 | 1.59% |
| Return on Equity (%) | ▲ | 17.41% | +0.61 | 16.80% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.64 | 3.87% |
| Efficiency Ratio (%) | ▲ | 49.63% | -2.96 | 52.59% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $2 |
| Cost of Funds (%) | ▲ | 0.98% | -0.13 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $491 | +126.54 | $364 |
| Gross Loans ($M) | ▲ | $261 | +63.66 | $197 |
| Loan Growth YoY (%) | ▼ | 59.03% | -0.91 | 59.94% |
| Total Deposits ($M) | ▲ | $437 | +111.64 | $326 |
| Shareholders Equity ($M) | ▲ | $50 | +16.62 | $34 |
| Tang. Book Value ($M) | ▲ | $45 | +11.14 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +11.96 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 59.03% | -0.91 | 59.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.09 | 0.11% |
| Allowance / Loans (%) | — | 1.14% | -0.00% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.16 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 3.43% | 3.48% | 3.57% | 3.87% | 4.04% | 4.18% | 4.21% | 4.51% |
| ▁▁▂▅▆▇▇█ | Return on Assets (%) | 1.20% | 1.23% | 1.30% | 1.59% | 1.64% | 1.74% | 1.72% | 1.85% |
| ██▇▃▃▂▃▁ | Efficiency Ratio (%) | 57.9% | 57.1% | 56.4% | 52.6% | 52.4% | 51.6% | 52.5% | 49.6% |
| ██▇▃▃▁▂▁ | Cost of Funds (%) | 1.38% | 1.42% | 1.32% | 1.10% | 1.13% | 1.02% | 1.04% | 0.98% |
| ▁▁█████▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.11% | 0.11% | 0.11% | 0.11% | 0.10% | 0.02% |
| ▁▁████▇▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.21% | 0.20% | 0.19% | 0.19% | 0.18% | 0.04% |
| ▁▃▂▂▃▅▆█ | Tang. Book Value ($M) | $31 | $34 | $34 | $34 | $35 | $39 | $41 | $45 |
| ▁▁▁▂▂▂▂█ | Gross Loans ($M) | $186 | $191 | $189 | $197 | $204 | $202 | $201 | $261 |
| ▁▁▁▁▂▁▁█ | Total Deposits ($M) | $312 | $314 | $313 | $326 | $329 | $318 | $321 | $437 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |