Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.11 | 0.24% |
| Return on Equity (%) | ▲ | 3.00% | +0.99 | 2.01% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.14 | 2.83% |
| Efficiency Ratio (%) | ▲ | 88.28% | -4.93 | 93.21% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $0 |
| Cost of Funds (%) | ▲ | 1.70% | -0.11 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $620 | +44.03 | $576 |
| Gross Loans ($M) | ▲ | $482 | +27.44 | $455 |
| Loan Growth YoY (%) | ▲ | 103.55% | +1.91 | 101.64% |
| Total Deposits ($M) | ▲ | $462 | +18.28 | $443 |
| Shareholders Equity ($M) | ▲ | $72 | +3.05 | $69 |
| Tang. Book Value ($M) | ▲ | $72 | +3.07 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +3.20 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 103.55% | +1.91 | 101.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.18 | 0.50% |
| Allowance / Loans (%) | — | 0.85% | -0.04% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.22 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.45% | 2.50% | 2.56% | 2.83% | 2.89% | 2.92% | 2.94% | 2.97% |
| █▅▅▁▄▄▄▃ | Return on Assets (%) | 0.66% | 0.48% | 0.46% | 0.24% | 0.43% | 0.44% | 0.43% | 0.35% |
| ██▇▆▃▂▁▁ | Efficiency Ratio (%) | 95.1% | 95.4% | 94.2% | 93.2% | 90.3% | 88.9% | 87.6% | 88.3% |
| ▅▁█▇▅▇▄▄ | Cost of Funds (%) | 1.74% | 1.56% | 1.89% | 1.81% | 1.76% | 1.83% | 1.69% | 1.70% |
| █▅██▃▁▁▁ | NPA / Assets (%) | 0.50% | 0.43% | 0.48% | 0.50% | 0.37% | 0.33% | 0.32% | 0.31% |
| █▇██▃▁▁▁ | Net Charge-Off Ratio (%) | 0.63% | 0.59% | 0.62% | 0.63% | 0.48% | 0.42% | 0.41% | 0.40% |
| ▁▃▂▄▅███ | Tang. Book Value ($M) | $66 | $68 | $68 | $69 | $69 | $71 | $72 | $72 |
| ▁▁▂▅▆▇██ | Gross Loans ($M) | $418 | $420 | $434 | $455 | $459 | $472 | $479 | $482 |
| ▁▅▂▆▆▇██ | Total Deposits ($M) | $407 | $436 | $418 | $443 | $448 | $449 | $463 | $462 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |