Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.23 | 0.83% |
| Return on Equity (%) | ▲ | 12.40% | +1.90 | 10.50% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.43 | 3.91% |
| Efficiency Ratio (%) | ▲ | 70.06% | -3.32 | 73.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▲ | 0.93% | -0.01 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $194 | +3.88 | $190 |
| Gross Loans ($M) | ▲ | $114 | +1.98 | $112 |
| Loan Growth YoY (%) | ▲ | 64.17% | +0.24 | 63.94% |
| Total Deposits ($M) | ▲ | $176 | +2.33 | $174 |
| Shareholders Equity ($M) | ▲ | $17 | +1.44 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +1.44 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.52 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 64.17% | +0.24 | 63.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.29% | 0.05% | 1.25% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.81% | +0.23 | 13.58% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▆▇█ | Net Interest Margin (%) | 3.39% | 3.63% | 3.72% | 3.91% | 4.02% | 4.09% | 4.11% | 4.34% |
| ▁▃▃▅▇▄▅█ | Return on Assets (%) | 0.60% | 0.74% | 0.75% | 0.83% | 0.97% | 0.81% | 0.87% | 1.06% |
| █▅▄▄▂▁▁▁ | Efficiency Ratio (%) | 77.8% | 74.1% | 73.7% | 73.4% | 71.3% | 70.9% | 70.3% | 70.1% |
| ██▁▂▅▅▄▂ | Cost of Funds (%) | 1.18% | 1.16% | 0.86% | 0.94% | 1.02% | 1.04% | 0.99% | 0.93% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▇▆██ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $16 | $16 | $16 | $17 |
| █▁▁▂▁█▇▇ | Gross Loans ($M) | $115 | $112 | $112 | $112 | $112 | $115 | $114 | $114 |
| ▁▁▂▇▆▃▇█ | Total Deposits ($M) | $164 | $163 | $165 | $174 | $172 | $167 | $173 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |