Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.60 | 1.04% |
| Return on Equity (%) | ▲ | 14.59% | +4.63 | 9.96% |
| Net Interest Margin (%) | ▲ | 4.98% | +0.04 | 4.94% |
| Efficiency Ratio (%) | ▲ | 61.96% | -9.10 | 71.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | — | 1.30% | 0.00 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $273 | +18.44 | $255 |
| Gross Loans ($M) | ▲ | $206 | +19.62 | $186 |
| Loan Growth YoY (%) | ▲ | 84.64% | +2.92 | 81.72% |
| Total Deposits ($M) | ▲ | $239 | +15.02 | $224 |
| Shareholders Equity ($M) | ▲ | $30 | +3.46 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +3.46 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +3.42 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 84.64% | +2.92 | 81.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.04% |
| Allowance / Loans (%) | — | 1.53% | 0.04% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄▁▄▆█▂ | Net Interest Margin (%) | 5.04% | 5.04% | 5.05% | 4.94% | 5.04% | 5.09% | 5.16% | 4.98% |
| ▁▁▁▁▁▂▃█ | Return on Assets (%) | 1.03% | 1.07% | 1.08% | 1.04% | 1.10% | 1.17% | 1.21% | 1.64% |
| ████▇▆▅▁ | Efficiency Ratio (%) | 71.3% | 70.5% | 70.8% | 71.1% | 69.7% | 68.7% | 67.7% | 62.0% |
| ▁██▅▅██▅ | Cost of Funds (%) | 1.11% | 1.42% | 1.42% | 1.29% | 1.28% | 1.42% | 1.41% | 1.30% |
| ▁▁█▃▃▄▃▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.11% | 0.04% | 0.04% | 0.05% | 0.04% | 0.03% |
| ▁▁█▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.10% | 0.01% | 0.00% | 0.02% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $24 | $26 | $26 | $27 | $28 | $29 | $29 | $30 |
| ▁▂▂▃▄▅▇█ | Gross Loans ($M) | $175 | $181 | $180 | $186 | $187 | $193 | $201 | $206 |
| ▁▂▃▄▇█▄█ | Total Deposits ($M) | $215 | $220 | $223 | $224 | $236 | $238 | $224 | $239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 10% |