Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.08% | +0.10 | 2.98% |
| Return on Equity (%) | ▼ | 21.45% | -2.22 | 23.67% |
| Net Interest Margin (%) | ▲ | 5.32% | +0.33 | 4.98% |
| Efficiency Ratio (%) | ▼ | 47.58% | +1.69 | 45.89% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.06 | $2 |
| Cost of Funds (%) | ▲ | 0.76% | -0.22 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $279 | -3.50 | $283 |
| Gross Loans ($M) | ▲ | $183 | +9.35 | $174 |
| Loan Growth YoY (%) | ▲ | 76.05% | +5.98 | 70.07% |
| Total Deposits ($M) | ▼ | $238 | -6.87 | $245 |
| Shareholders Equity ($M) | ▲ | $40 | +4.11 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +4.11 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.81 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 76.05% | +5.98 | 70.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.78 | 1.57% |
| Allowance / Loans (%) | — | 1.09% | -0.10% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.50 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▇██ | Net Interest Margin (%) | 4.91% | 4.91% | 4.97% | 4.98% | 5.15% | 5.25% | 5.35% | 5.32% |
| ▁▃▂▁▅█▇▃ | Return on Assets (%) | 3.02% | 3.07% | 3.04% | 2.98% | 3.16% | 3.32% | 3.26% | 3.08% |
| ▄▂▅▅▃▁▅█ | Efficiency Ratio (%) | 45.1% | 44.3% | 45.6% | 45.9% | 44.6% | 43.2% | 45.7% | 47.6% |
| ▃▅█▆▃▄▂▁ | Cost of Funds (%) | 0.86% | 0.96% | 1.09% | 0.98% | 0.88% | 0.89% | 0.82% | 0.76% |
| ▆▇██▆▁▁▁ | NPA / Assets (%) | 1.37% | 1.44% | 1.63% | 1.57% | 1.32% | 0.89% | 0.85% | 0.79% |
| ▅▅█▇▃▅▆▁ | Net Charge-Off Ratio (%) | 1.25% | 1.23% | 1.49% | 1.37% | 1.06% | 1.25% | 1.30% | 0.86% |
| ▁▃▄▄▅▆██ | Tang. Book Value ($M) | $32 | $34 | $35 | $36 | $36 | $38 | $41 | $40 |
| ▁▂▆▄▃▆██ | Gross Loans ($M) | $164 | $168 | $177 | $174 | $170 | $179 | $185 | $183 |
| ▃█▇█▇▁▃▁ | Total Deposits ($M) | $240 | $245 | $244 | $245 | $244 | $239 | $240 | $238 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 9% |