Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.52% | -0.17 | 1.69% |
| Return on Equity (%) | ▼ | 10.22% | -2.30 | 12.52% |
| Net Interest Margin (%) | ▼ | 3.72% | -0.01 | 3.74% |
| Efficiency Ratio (%) | ▲ | 54.65% | -2.68 | 57.33% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.33% | -0.02 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $121 | +2.41 | $119 |
| Gross Loans ($M) | ▼ | $40 | -2.31 | $42 |
| Loan Growth YoY (%) | ▼ | 38.17% | -2.60 | 40.78% |
| Total Deposits ($M) | ▲ | $103 | +1.12 | $102 |
| Shareholders Equity ($M) | ▲ | $18 | +1.38 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +1.38 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.69 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 38.17% | -2.60 | 40.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.39% | -0.13% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆███▆ | Net Interest Margin (%) | 3.51% | 3.58% | 3.64% | 3.74% | 3.80% | 3.80% | 3.83% | 3.72% |
| █▄▆▃▆▄▅▁ | Return on Assets (%) | 2.03% | 1.77% | 1.86% | 1.69% | 1.87% | 1.78% | 1.81% | 1.52% |
| ▁▅▂█▆█▇▃ | Efficiency Ratio (%) | 53.2% | 55.6% | 53.8% | 57.3% | 55.9% | 57.2% | 56.5% | 54.7% |
| █▄▆▂▁▄▅▁ | Cost of Funds (%) | 1.45% | 1.38% | 1.41% | 1.35% | 1.34% | 1.38% | 1.40% | 1.33% |
| ▂█▂▁▁▁▂▁ | NPA / Assets (%) | 0.04% | 0.16% | 0.02% | 0.02% | 0.00% | 0.00% | 0.03% | 0.00% |
| ▂█▂▂▁▁▂▁ | Net Charge-Off Ratio (%) | 0.09% | 0.41% | 0.06% | 0.05% | 0.00% | 0.00% | 0.07% | 0.00% |
| ▁▄▃▅▆▇██ | Tang. Book Value ($M) | $14 | $16 | $15 | $16 | $17 | $17 | $18 | $18 |
| ▄█▅▇▆▅▃▁ | Gross Loans ($M) | $41 | $43 | $42 | $42 | $42 | $42 | $41 | $40 |
| ▁▁▅▇██▅█ | Total Deposits ($M) | $95 | $96 | $100 | $102 | $103 | $103 | $100 | $103 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 5% |