Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.01 | 0.90% |
| Return on Equity (%) | ▼ | 5.15% | -0.02 | 5.17% |
| Net Interest Margin (%) | ▼ | 3.03% | -0.30 | 3.33% |
| Efficiency Ratio (%) | ▼ | 66.87% | +0.59 | 66.29% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.07 | $1 |
| Cost of Funds (%) | ▼ | 1.80% | +0.14 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $358 | +19.23 | $339 |
| Gross Loans ($M) | ▲ | $230 | +24.95 | $205 |
| Loan Growth YoY (%) | ▲ | 78.07% | +5.49 | 72.59% |
| Total Deposits ($M) | ▲ | $291 | +12.84 | $278 |
| Shareholders Equity ($M) | ▲ | $64 | +4.41 | $59 |
| Tang. Book Value ($M) | ▲ | $64 | +4.41 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +4.15 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 78.07% | +5.49 | 72.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.44% | +0.48 | 0.96% |
| Allowance / Loans (%) | — | 1.13% | -0.29% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 1.80% | +0.87 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 27.92% | -2.34 | 30.26% |
Noninterest income ($0.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▆▆▄ | Net Interest Margin (%) | 2.84% | 2.81% | 2.84% | 3.33% | 3.18% | 3.14% | 3.17% | 3.03% |
| ▁▁▁█████ | Return on Assets (%) | 0.60% | 0.60% | 0.63% | 0.90% | 0.90% | 0.88% | 0.88% | 0.91% |
| ██▇▁▁▁▁▂ | Efficiency Ratio (%) | 75.6% | 75.5% | 74.2% | 66.3% | 65.2% | 65.3% | 65.3% | 66.9% |
| ▁▇▇▄▁▆▅█ | Cost of Funds (%) | 1.57% | 1.77% | 1.76% | 1.66% | 1.59% | 1.74% | 1.71% | 1.80% |
| ▁▁▂▃▂███ | NPA / Assets (%) | 0.83% | 0.78% | 0.94% | 0.96% | 0.91% | 1.38% | 1.39% | 1.44% |
| ▁▁▂▂▂███ | Net Charge-Off Ratio (%) | 0.73% | 0.65% | 0.91% | 0.93% | 0.93% | 1.75% | 1.70% | 1.80% |
| ▁▁▁▃▅█▇█ | Tang. Book Value ($M) | $58 | $58 | $58 | $59 | $61 | $64 | $63 | $64 |
| ▁▂▃▃▄▄█▇ | Gross Loans ($M) | $189 | $200 | $204 | $205 | $208 | $211 | $236 | $230 |
| ▁▃▄▅██▇▇ | Total Deposits ($M) | $258 | $271 | $273 | $278 | $296 | $294 | $287 | $291 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 8% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 31% |