Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.04% | -0.19 | 1.22% |
| Return on Equity (%) | ▼ | 9.74% | -2.41 | 12.15% |
| Net Interest Margin (%) | ▼ | 4.45% | -0.08 | 4.52% |
| Efficiency Ratio (%) | ▼ | 77.61% | +3.14 | 74.47% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.51% | -0.06 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $216 | +6.26 | $210 |
| Gross Loans ($M) | ▲ | $163 | +5.27 | $158 |
| Loan Growth YoY (%) | ▲ | 84.31% | +0.58 | 83.72% |
| Total Deposits ($M) | ▲ | $191 | +4.93 | $186 |
| Shareholders Equity ($M) | ▲ | $22 | +1.15 | $21 |
| Tang. Book Value ($M) | ▲ | $20 | +1.15 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.14 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 84.31% | +0.58 | 83.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.63% | +1.21 | 1.42% |
| Allowance / Loans (%) | — | 1.28% | -0.03% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 2.92% | +2.22 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.71% | +0.22 | 13.48% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇██▄ | Net Interest Margin (%) | 4.29% | 4.39% | 4.42% | 4.52% | 4.56% | 4.61% | 4.62% | 4.45% |
| ▃▄▄▃▃██▁ | Return on Assets (%) | 1.29% | 1.40% | 1.37% | 1.22% | 1.28% | 1.76% | 1.75% | 1.04% |
| ▅▄▄▆▅▁▁█ | Efficiency Ratio (%) | 73.3% | 71.5% | 71.7% | 74.5% | 72.8% | 66.5% | 66.4% | 77.6% |
| █▆▅▄▅█▄▁ | Cost of Funds (%) | 1.61% | 1.59% | 1.57% | 1.56% | 1.58% | 1.62% | 1.55% | 1.51% |
| ▁▂▃▄▃▃▇█ | NPA / Assets (%) | 0.68% | 1.16% | 1.18% | 1.42% | 1.25% | 1.27% | 2.26% | 2.63% |
| ▁▁▁▂▁▃▇█ | Net Charge-Off Ratio (%) | 0.08% | 0.41% | 0.37% | 0.69% | 0.37% | 1.12% | 2.47% | 2.92% |
| ▁▃▄▄▅██▇ | Tang. Book Value ($M) | $17 | $18 | $19 | $19 | $19 | $21 | $21 | $20 |
| ▁▁▅▅▇▅▅█ | Gross Loans ($M) | $153 | $151 | $158 | $158 | $160 | $157 | $157 | $163 |
| ▁▁▃▃█▅▇█ | Total Deposits ($M) | $183 | $183 | $185 | $186 | $191 | $187 | $189 | $191 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 17% |