Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.16 | 0.71% |
| Return on Equity (%) | ▼ | 5.76% | -2.50 | 8.26% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.21 | 3.77% |
| Efficiency Ratio (%) | ▼ | 86.25% | +8.56 | 77.69% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.39 | $1 |
| Cost of Funds (%) | ▲ | 1.05% | -0.14 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $472 | +10.12 | $462 |
| Gross Loans ($M) | ▲ | $354 | +2.70 | $351 |
| Loan Growth YoY (%) | ▼ | 82.90% | -1.89 | 84.79% |
| Total Deposits ($M) | ▲ | $423 | +12.78 | $410 |
| Shareholders Equity ($M) | ▲ | $45 | +4.47 | $40 |
| Tang. Book Value ($M) | ▲ | $42 | +4.76 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.85 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 82.90% | -1.89 | 84.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.02 | 0.43% |
| Allowance / Loans (%) | — | 0.80% | -0.05% | 0.85% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.04 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.50% | 3.53% | 3.58% | 3.77% | 3.82% | 3.87% | 3.89% | 3.98% |
| ▁▃▁▇▇█▆▁ | Return on Assets (%) | 0.52% | 0.61% | 0.55% | 0.71% | 0.71% | 0.77% | 0.70% | 0.55% |
| ▅▄▅▁▁▁▂█ | Efficiency Ratio (%) | 82.8% | 81.1% | 82.7% | 77.7% | 78.0% | 77.0% | 79.1% | 86.3% |
| ██▇▃▃▃▃▁ | Cost of Funds (%) | 1.44% | 1.42% | 1.36% | 1.19% | 1.17% | 1.16% | 1.16% | 1.05% |
| ▁▂▄▅▄█▄▃ | NPA / Assets (%) | 0.39% | 0.41% | 0.42% | 0.43% | 0.43% | 0.46% | 0.42% | 0.41% |
| ▁▂▁▃▆█▅▆ | Net Charge-Off Ratio (%) | 0.49% | 0.49% | 0.48% | 0.51% | 0.55% | 0.58% | 0.54% | 0.54% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $35 | $38 | $36 | $38 | $38 | $41 | $42 | $42 |
| ▇██▃▁▆▄▇ | Gross Loans ($M) | $354 | $355 | $355 | $351 | $350 | $353 | $352 | $354 |
| ▂▁▃▄▃▁▅█ | Total Deposits ($M) | $402 | $398 | $407 | $410 | $407 | $401 | $411 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 3% |