Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.35 | 1.74% |
| Return on Equity (%) | ▼ | 15.72% | -8.17 | 23.89% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.25 | 4.35% |
| Efficiency Ratio (%) | ▼ | 61.53% | +5.10 | 56.43% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.30 | $2 |
| Cost of Funds (%) | ▲ | 0.51% | -0.15 | 0.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $377 | +6.55 | $371 |
| Gross Loans ($M) | ▲ | $184 | +39.26 | $145 |
| Loan Growth YoY (%) | ▲ | 55.46% | +11.53 | 43.92% |
| Total Deposits ($M) | ▲ | $328 | +1.85 | $326 |
| Shareholders Equity ($M) | ▲ | $33 | +4.89 | $28 |
| Tang. Book Value ($M) | ▲ | $33 | +4.89 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.31 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 55.46% | +11.53 | 43.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.06% |
| Allowance / Loans (%) | — | 1.27% | 0.07% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.04 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.24% | -1.41 | 18.66% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▅▁▄▇█▇ | Net Interest Margin (%) | 4.44% | 4.51% | 4.53% | 4.35% | 4.49% | 4.59% | 4.64% | 4.60% |
| ▁▁▁██▇▆▁ | Return on Assets (%) | 1.35% | 1.37% | 1.37% | 1.74% | 1.74% | 1.68% | 1.64% | 1.39% |
| ███▁▁▁▂█ | Efficiency Ratio (%) | 61.5% | 61.7% | 61.7% | 56.4% | 56.1% | 56.5% | 57.1% | 61.5% |
| ███▇▆▄▂▁ | Cost of Funds (%) | 0.68% | 0.70% | 0.68% | 0.66% | 0.64% | 0.60% | 0.55% | 0.51% |
| ▁█▇▅▄▅▅▄ | NPA / Assets (%) | 0.03% | 0.09% | 0.07% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| ▁█▆▅▃▃▃▂ | Net Charge-Off Ratio (%) | 0.08% | 0.24% | 0.19% | 0.16% | 0.13% | 0.13% | 0.12% | 0.12% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $24 | $26 | $25 | $28 | $29 | $32 | $33 | $33 |
| ▁▁▃▂▄▆██ | Gross Loans ($M) | $132 | $135 | $146 | $145 | $157 | $171 | $180 | $184 |
| ▆▁▃█▆▅▃█ | Total Deposits ($M) | $324 | $313 | $317 | $326 | $323 | $322 | $317 | $328 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 2% |