Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.54% | -0.64 | 2.18% |
| Return on Equity (%) | ▼ | 14.55% | -5.22 | 19.77% |
| Net Interest Margin (%) | ▼ | 3.20% | -0.44 | 3.64% |
| Efficiency Ratio (%) | ▼ | 59.74% | +4.83 | 54.91% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.62 | $3 |
| Cost of Funds (%) | ▲ | 1.55% | -0.16 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $654 | +52.93 | $601 |
| Gross Loans ($M) | ▼ | $251 | -12.51 | $263 |
| Loan Growth YoY (%) | ▼ | 42.32% | -6.50 | 48.83% |
| Total Deposits ($M) | ▲ | $583 | +53.16 | $530 |
| Shareholders Equity ($M) | ▲ | $68 | +0.72 | $68 |
| Tang. Book Value ($M) | ▲ | $68 | +0.72 | $68 |
| TBV excl. AOCI ($M)** | ▼ | $72 | -2.13 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 42.32% | -6.50 | 48.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.44% | -0.13% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.12% | +3.01 | 25.11% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▅▅▅▅▁ | Net Interest Margin (%) | 3.86% | 3.97% | 3.94% | 3.64% | 3.64% | 3.65% | 3.61% | 3.20% |
| ▇██▇▆▆▅▁ | Return on Assets (%) | 2.23% | 2.34% | 2.35% | 2.18% | 2.12% | 2.06% | 2.04% | 1.54% |
| ▂▁▁▄▄▄▄█ | Efficiency Ratio (%) | 53.2% | 52.2% | 51.9% | 54.9% | 55.4% | 55.1% | 55.5% | 59.7% |
| ▅█▇▅▆█▃▁ | Cost of Funds (%) | 1.72% | 1.82% | 1.79% | 1.72% | 1.76% | 1.85% | 1.65% | 1.55% |
| █▇▅▆▅▁▁▄ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▇▅▆▅▁▁▅ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.01% |
| ▄▁▁▇▇█▇█ | Tang. Book Value ($M) | $66 | $64 | $64 | $68 | $68 | $69 | $68 | $68 |
| ▆▆▇▇▇█▅▁ | Gross Loans ($M) | $261 | $261 | $263 | $263 | $263 | $266 | $258 | $251 |
| ▁▁▂▂▃▃▆█ | Total Deposits ($M) | $527 | $519 | $533 | $530 | $539 | $543 | $566 | $583 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 2% |