Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.61% | -2.05 | 4.66% |
| Return on Equity (%) | ▼ | 21.00% | -11.64 | 32.64% |
| Net Interest Margin (%) | ▼ | 4.74% | -0.26 | 5.00% |
| Efficiency Ratio (%) | ▼ | 40.71% | +13.59 | 27.12% |
| Pre-Provision Profit ($M) | ▼ | $4 | -3.00 | $7 |
| Cost of Funds (%) | ▼ | 1.14% | +0.16 | 0.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $399 | +50.85 | $348 |
| Gross Loans ($M) | ▲ | $321 | +28.79 | $292 |
| Loan Growth YoY (%) | ▼ | 96.44% | -3.44 | 99.88% |
| Total Deposits ($M) | ▲ | $329 | +39.75 | $289 |
| Shareholders Equity ($M) | ▲ | $51 | +0.16 | $50 |
| Tang. Book Value ($M) | ▲ | $48 | +0.16 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 96.44% | -3.44 | 99.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 1.25% | 0.01% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.15 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.43% | -1.42 | 14.84% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃████▆ | Net Interest Margin (%) | 3.89% | 4.07% | 4.22% | 5.00% | 5.06% | 5.10% | 5.01% | 4.74% |
| ▂▄▅▄█▆▄▁ | Return on Assets (%) | 3.56% | 4.74% | 4.99% | 4.66% | 7.20% | 5.61% | 4.84% | 2.61% |
| ▇▄▃▃▁▂▃█ | Efficiency Ratio (%) | 37.4% | 29.9% | 28.8% | 27.1% | 22.2% | 26.3% | 29.0% | 40.7% |
| █▃▁▁▁▅▃▃ | Cost of Funds (%) | 1.50% | 1.16% | 1.04% | 0.99% | 1.05% | 1.25% | 1.12% | 1.14% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.12% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.15% |
| ▁▅▅▇▇▇██ | Tang. Book Value ($M) | $47 | $48 | $48 | $48 | $48 | $48 | $48 | $48 |
| ▂▁▂▂▄▃█▇ | Gross Loans ($M) | $287 | $280 | $292 | $292 | $304 | $296 | $329 | $321 |
| ▁▁▂▂▃▄█▆ | Total Deposits ($M) | $278 | $283 | $296 | $289 | $297 | $314 | $351 | $329 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 55% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 5% |