Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.21 | 1.65% |
| Return on Equity (%) | ▼ | 9.79% | -1.95 | 11.74% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.32 | 3.05% |
| Efficiency Ratio (%) | ▼ | 70.01% | +5.91 | 64.10% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.08% | -0.05 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $464 | +0.18 | $464 |
| Gross Loans ($M) | ▼ | $265 | -8.92 | $274 |
| Loan Growth YoY (%) | ▼ | 69.53% | -2.05 | 71.58% |
| Total Deposits ($M) | ▼ | $379 | -1.57 | $380 |
| Shareholders Equity ($M) | ▲ | $68 | +1.29 | $67 |
| Tang. Book Value ($M) | ▲ | $68 | +1.29 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +2.58 | $73 |
| Loan / Deposit Ratio (%) | ▼ | 69.53% | -2.05 | 71.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.01% | 0.00 | 0.01% |
| Allowance / Loans (%) | — | 0.75% | 0.01% | 0.75% |
| Net Charge-Off Ratio (%) | — | 0.02% | 0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 3.00% | 3.04% | 3.03% | 3.05% | 3.19% | 3.28% | 3.30% | 3.38% |
| ▁▁▃▇▇██▄ | Return on Assets (%) | 1.17% | 1.24% | 1.33% | 1.65% | 1.70% | 1.79% | 1.77% | 1.44% |
| ██▆▂▂▁▁▆ | Efficiency Ratio (%) | 73.0% | 71.9% | 69.6% | 64.1% | 63.9% | 62.4% | 63.2% | 70.0% |
| ▆██▅▇▅▁▁ | Cost of Funds (%) | 1.14% | 1.16% | 1.17% | 1.13% | 1.16% | 1.13% | 1.09% | 1.08% |
| ▁▁██████ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▁██████ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▁▄▃▇█▆██ | Tang. Book Value ($M) | $61 | $65 | $64 | $67 | $69 | $67 | $69 | $68 |
| ▅▅██▄▂▁▁ | Gross Loans ($M) | $270 | $269 | $275 | $274 | $269 | $266 | $264 | $265 |
| ▃▁██▇▅█▇ | Total Deposits ($M) | $365 | $359 | $382 | $380 | $378 | $371 | $381 | $379 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 4% |