Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.06 | 1.34% |
| Return on Equity (%) | ▼ | 16.91% | -4.45 | 21.36% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.11 | 3.17% |
| Efficiency Ratio (%) | ▲ | 53.04% | -0.85 | 53.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.06% | +0.01 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $361 | +2.68 | $359 |
| Gross Loans ($M) | ▲ | $180 | +5.88 | $174 |
| Loan Growth YoY (%) | ▲ | 53.91% | +2.40 | 51.51% |
| Total Deposits ($M) | ▼ | $330 | -4.27 | $334 |
| Shareholders Equity ($M) | ▲ | $30 | +6.60 | $23 |
| Tang. Book Value ($M) | ▲ | $30 | +6.60 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +6.96 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 53.91% | +2.40 | 51.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.02 | 0.18% |
| Allowance / Loans (%) | — | 0.87% | 0.07% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.10 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▆██▆ | Net Interest Margin (%) | 3.16% | 3.19% | 3.20% | 3.17% | 3.27% | 3.31% | 3.30% | 3.27% |
| ▃▃▁▄▄▄▁█ | Return on Assets (%) | 1.32% | 1.32% | 1.29% | 1.34% | 1.34% | 1.33% | 1.30% | 1.39% |
| ▄▄█▂▃▅▇▁ | Efficiency Ratio (%) | 54.4% | 54.4% | 56.6% | 53.9% | 54.0% | 55.0% | 56.1% | 53.0% |
| ▁▅█▂▂▁▇▂ | Cost of Funds (%) | 1.04% | 1.10% | 1.14% | 1.05% | 1.06% | 1.04% | 1.12% | 1.06% |
| ▁▁▁▂█▁▂▃ | NPA / Assets (%) | 0.12% | 0.12% | 0.13% | 0.18% | 0.41% | 0.13% | 0.17% | 0.20% |
| ▁▂▃▆▆▅▇█ | Net Charge-Off Ratio (%) | 0.09% | 0.16% | 0.19% | 0.30% | 0.29% | 0.26% | 0.34% | 0.40% |
| ▁▄▁▃▃▇██ | Tang. Book Value ($M) | $20 | $24 | $21 | $23 | $24 | $28 | $29 | $30 |
| ▁▄▄▄▅▇█▇ | Gross Loans ($M) | $166 | $173 | $173 | $174 | $176 | $179 | $183 | $180 |
| ▁▃▄█▃▆▅▅ | Total Deposits ($M) | $323 | $327 | $328 | $334 | $327 | $330 | $330 | $330 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 19% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |