Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.63% | -0.29 | 1.91% |
| Return on Equity (%) | ▼ | 11.57% | -1.10 | 12.67% |
| Net Interest Margin (%) | ▼ | 5.06% | -0.59 | 5.65% |
| Efficiency Ratio (%) | ▼ | 69.51% | +4.38 | 65.12% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.23 | $3 |
| Cost of Funds (%) | ▼ | 1.41% | +0.33 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $681 | +48.54 | $633 |
| Gross Loans ($M) | ▼ | $511 | -6.76 | $517 |
| Loan Growth YoY (%) | ▼ | 85.58% | -10.06 | 95.64% |
| Total Deposits ($M) | ▲ | $578 | +54.48 | $524 |
| Shareholders Equity ($M) | ▼ | $93 | -2.45 | $96 |
| Tang. Book Value ($M) | ▼ | $93 | -2.45 | $96 |
| TBV excl. AOCI ($M)** | ▼ | $96 | -2.52 | $98 |
| Loan / Deposit Ratio (%) | ▼ | 85.58% | -10.06 | 95.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.75% | -0.76 | 1.51% |
| Allowance / Loans (%) | — | 3.12% | -0.10% | 3.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.74 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆█▅▆▆▅▁ | Net Interest Margin (%) | 5.69% | 5.67% | 6.00% | 5.65% | 5.67% | 5.73% | 5.65% | 5.06% |
| █▅█▄▁▂▄▁ | Return on Assets (%) | 2.23% | 1.99% | 2.22% | 1.91% | 1.69% | 1.73% | 1.87% | 1.63% |
| ▁▃▂▄██▆█ | Efficiency Ratio (%) | 61.4% | 64.4% | 63.0% | 65.1% | 69.0% | 68.9% | 66.6% | 69.5% |
| ▁▂▂▁▃▆██ | Cost of Funds (%) | 1.11% | 1.15% | 1.15% | 1.08% | 1.18% | 1.32% | 1.38% | 1.41% |
| ▄▄▄█▃▂▂▁ | NPA / Assets (%) | 1.05% | 1.09% | 1.09% | 1.51% | 0.98% | 0.88% | 0.88% | 0.75% |
| ▂▃▃█▂▂▂▁ | Net Charge-Off Ratio (%) | 0.55% | 0.59% | 0.60% | 1.13% | 0.58% | 0.53% | 0.57% | 0.40% |
| ▁▃▂▄▆█▇▂ | Tang. Book Value ($M) | $92 | $95 | $94 | $96 | $97 | $99 | $98 | $93 |
| ▁▂▂█▆█▆▆ | Gross Loans ($M) | $490 | $497 | $497 | $517 | $512 | $521 | $511 | $511 |
| ▁▁▁▂▂▄▆█ | Total Deposits ($M) | $519 | $516 | $517 | $524 | $528 | $544 | $560 | $578 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |