Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.22 | 0.15% |
| Return on Equity (%) | ▲ | 3.55% | +2.28 | 1.27% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.25 | 2.81% |
| Efficiency Ratio (%) | ▲ | 83.19% | -9.49 | 92.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 2.38% | -0.23 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $491 | +40.17 | $451 |
| Gross Loans ($M) | ▲ | $414 | +35.56 | $379 |
| Loan Growth YoY (%) | ▼ | 96.02% | -3.14 | 99.16% |
| Total Deposits ($M) | ▲ | $427 | +49.32 | $377 |
| Shareholders Equity ($M) | ▲ | $51 | +0.54 | $51 |
| Tang. Book Value ($M) | ▲ | $51 | +0.54 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +0.64 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 96.02% | -3.14 | 99.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.07 | 0.01% |
| Allowance / Loans (%) | — | 1.07% | -0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.09 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.72% | -1.10 | 12.82% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▆▇▇▇█ | Net Interest Margin (%) | 2.44% | 2.34% | 2.40% | 2.81% | 2.88% | 2.91% | 2.97% | 3.06% |
| ▃▁▁▁▂▃▃█ | Return on Assets (%) | 0.19% | 0.13% | 0.16% | 0.15% | 0.19% | 0.21% | 0.22% | 0.37% |
| ▆█▇▇▆▅▃▁ | Efficiency Ratio (%) | 90.9% | 94.1% | 92.6% | 92.7% | 90.6% | 89.4% | 87.1% | 83.2% |
| ▇█▅▃▄▄▂▁ | Cost of Funds (%) | 3.01% | 3.15% | 2.84% | 2.61% | 2.70% | 2.73% | 2.53% | 2.38% |
| ▄▄▁▁▁█▅▄ | NPA / Assets (%) | 0.10% | 0.10% | 0.02% | 0.01% | 0.01% | 0.19% | 0.12% | 0.09% |
| ▄▅▁▁▁█▅▄ | Net Charge-Off Ratio (%) | 0.11% | 0.12% | 0.02% | 0.02% | 0.01% | 0.22% | 0.14% | 0.10% |
| ▁▃▃▆▃▆▇█ | Tang. Book Value ($M) | $50 | $50 | $50 | $51 | $50 | $51 | $51 | $51 |
| ▂▁▁▂▆███ | Gross Loans ($M) | $376 | $370 | $369 | $379 | $399 | $411 | $416 | $414 |
| ▄▂▁▂▃▇▇█ | Total Deposits ($M) | $387 | $373 | $363 | $377 | $380 | $412 | $417 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 32% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 36% |