Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.14 | 0.63% |
| Return on Equity (%) | ▲ | 5.93% | +0.77 | 5.16% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.15 | 3.00% |
| Efficiency Ratio (%) | ▲ | 71.52% | -5.32 | 76.84% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $1 |
| Cost of Funds (%) | ▼ | 0.90% | +0.01 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $619 | -15.01 | $634 |
| Gross Loans ($M) | ▲ | $232 | +25.83 | $206 |
| Loan Growth YoY (%) | ▲ | 44.26% | +5.88 | 38.37% |
| Total Deposits ($M) | ▼ | $515 | -11.69 | $527 |
| Shareholders Equity ($M) | ▲ | $81 | +3.30 | $78 |
| Tang. Book Value ($M) | ▲ | $79 | +3.43 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +2.63 | $92 |
| Loan / Deposit Ratio (%) | ▲ | 44.26% | +5.88 | 38.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.03 | 0.08% |
| Allowance / Loans (%) | — | 1.69% | -0.20% | 1.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.11 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.85% | 2.84% | 2.90% | 3.00% | 3.07% | 3.10% | 3.11% | 3.15% |
| ▅▅▅▃▅█▁▅ | Return on Assets (%) | 0.78% | 0.78% | 0.85% | 0.63% | 0.79% | 1.19% | 0.33% | 0.77% |
| ▃▃▂▄▃▁█▃ | Efficiency Ratio (%) | 71.4% | 71.9% | 69.8% | 76.8% | 72.1% | 62.4% | 92.7% | 71.5% |
| █▂▂▆█▆▁█ | Cost of Funds (%) | 0.90% | 0.86% | 0.87% | 0.89% | 0.90% | 0.89% | 0.86% | 0.90% |
| █▇▂▃▃▄▁▁ | NPA / Assets (%) | 0.16% | 0.14% | 0.07% | 0.08% | 0.08% | 0.10% | 0.05% | 0.04% |
| █▇▂▃▃▄▁▁ | Net Charge-Off Ratio (%) | 0.43% | 0.38% | 0.18% | 0.23% | 0.20% | 0.25% | 0.12% | 0.12% |
| ▁▄▁▃▄█▆▆ | Tang. Book Value ($M) | $73 | $77 | $73 | $76 | $77 | $82 | $79 | $79 |
| ▁▁▄▁▁▆██ | Gross Loans ($M) | $209 | $209 | $217 | $206 | $209 | $223 | $230 | $232 |
| ▁▁▂█▃▁▇▆ | Total Deposits ($M) | $493 | $489 | $498 | $527 | $501 | $490 | $518 | $515 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |