Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.04 | 1.57% |
| Return on Equity (%) | ▼ | 15.13% | -1.47 | 16.60% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.20 | 4.09% |
| Efficiency Ratio (%) | ▼ | 63.50% | +0.93 | 62.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.09 | $2 |
| Cost of Funds (%) | ▲ | 0.77% | -0.03 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $444 | +8.08 | $436 |
| Gross Loans ($M) | ▲ | $264 | +11.92 | $252 |
| Loan Growth YoY (%) | ▲ | 66.33% | +2.61 | 63.72% |
| Total Deposits ($M) | ▲ | $393 | +2.10 | $391 |
| Shareholders Equity ($M) | ▲ | $47 | +5.72 | $42 |
| Tang. Book Value ($M) | ▲ | $47 | +5.72 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +5.21 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 66.33% | +2.61 | 63.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.23% | 0.06% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.87% | +0.41 | 17.46% |
Noninterest income ($0.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▇██ | Net Interest Margin (%) | 3.95% | 4.03% | 4.06% | 4.09% | 4.15% | 4.20% | 4.24% | 4.28% |
| ▁▆█▂▃▆▇▆ | Return on Assets (%) | 1.55% | 1.60% | 1.62% | 1.57% | 1.57% | 1.60% | 1.61% | 1.60% |
| ▄▂▁▆▇▆▆█ | Efficiency Ratio (%) | 62.1% | 61.3% | 60.9% | 62.6% | 63.0% | 62.8% | 62.7% | 63.5% |
| ▁▇▇▅▇█▆▃ | Cost of Funds (%) | 0.74% | 0.83% | 0.82% | 0.79% | 0.83% | 0.85% | 0.82% | 0.77% |
| █▅▅▇▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.02% | 0.02% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▅▅▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.04% | 0.04% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▃▃█▇█ | Tang. Book Value ($M) | $39 | $43 | $39 | $42 | $42 | $47 | $46 | $47 |
| ▁▂▅▆▆███ | Gross Loans ($M) | $219 | $226 | $245 | $252 | $253 | $264 | $263 | $264 |
| ▂▁▅██▆██ | Total Deposits ($M) | $373 | $369 | $382 | $391 | $390 | $387 | $391 | $393 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 3% |