Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.77% | -0.46 | 2.22% |
| Return on Equity (%) | ▼ | 13.30% | -5.47 | 18.77% |
| Net Interest Margin (%) | ▲ | 4.82% | +0.34 | 4.49% |
| Efficiency Ratio (%) | ▼ | 59.34% | +6.73 | 52.61% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.85 | $4 |
| Cost of Funds (%) | ▲ | 1.62% | -0.15 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $567 | +7.59 | $559 |
| Gross Loans ($M) | ▲ | $342 | +10.97 | $331 |
| Loan Growth YoY (%) | ▼ | 68.73% | -2.42 | 71.14% |
| Total Deposits ($M) | ▲ | $486 | +31.20 | $455 |
| Shareholders Equity ($M) | ▲ | $73 | +6.64 | $66 |
| Tang. Book Value ($M) | ▲ | $73 | +6.65 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +5.36 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 68.73% | -2.42 | 71.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.94% | -0.24 | 1.18% |
| Allowance / Loans (%) | — | 2.30% | 0.09% | 2.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.52% | +0.21 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▇██ | Net Interest Margin (%) | 4.49% | 4.51% | 4.53% | 4.49% | 4.65% | 4.76% | 4.85% | 4.82% |
| ▃▃▁███▃▄ | Return on Assets (%) | 1.65% | 1.67% | 1.37% | 2.22% | 2.19% | 2.14% | 1.62% | 1.77% |
| ▆▅█▁▁▁▆▆ | Efficiency Ratio (%) | 59.3% | 59.2% | 63.1% | 52.6% | 52.9% | 53.7% | 59.4% | 59.3% |
| ▃▆▄▆█▂▂▁ | Cost of Funds (%) | 1.69% | 1.75% | 1.71% | 1.77% | 1.82% | 1.66% | 1.65% | 1.62% |
| ▆▇██▃▁▆▅ | NPA / Assets (%) | 1.08% | 1.14% | 1.24% | 1.18% | 0.82% | 0.64% | 1.06% | 0.94% |
| ▇▇█▃▃▁▅▅ | Net Charge-Off Ratio (%) | 1.82% | 1.85% | 1.98% | 1.31% | 1.26% | 0.98% | 1.58% | 1.52% |
| ▁▄▁▄▅█▇█ | Tang. Book Value ($M) | $62 | $67 | $63 | $66 | $68 | $73 | $72 | $73 |
| ▁▂▄▅▄██▇ | Gross Loans ($M) | $308 | $316 | $323 | $331 | $327 | $343 | $348 | $342 |
| ▂▁▁▄▄▃▃█ | Total Deposits ($M) | $436 | $424 | $427 | $455 | $452 | $446 | $444 | $486 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Consumer | 10% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |