Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.09% | -0.60 | 1.69% |
| Return on Equity (%) | ▼ | 10.80% | -5.89 | 16.69% |
| Net Interest Margin (%) | ▼ | 4.53% | -0.47 | 5.00% |
| Efficiency Ratio (%) | ▼ | 76.74% | +6.78 | 69.96% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.43% | +0.24 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $159 | +17.86 | $141 |
| Gross Loans ($M) | ▼ | $108 | -0.70 | $109 |
| Loan Growth YoY (%) | ▼ | 75.21% | -10.47 | 85.68% |
| Total Deposits ($M) | ▲ | $142 | +16.32 | $126 |
| Shareholders Equity ($M) | ▲ | $16 | +1.56 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +1.56 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 75.21% | -10.47 | 85.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.06 | 0.78% |
| Allowance / Loans (%) | — | 1.19% | 0.21% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.21 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.36% | +0.73 | 18.63% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄██▇▆▁ | Net Interest Margin (%) | 4.56% | 4.60% | 4.71% | 5.00% | 4.96% | 4.92% | 4.85% | 4.53% |
| ▁▁▁█▇▇▅▂ | Return on Assets (%) | 0.91% | 1.00% | 0.99% | 1.69% | 1.52% | 1.51% | 1.34% | 1.09% |
| ███▁▂▁▃▅ | Efficiency Ratio (%) | 82.6% | 81.1% | 81.7% | 70.0% | 72.9% | 71.4% | 73.6% | 76.7% |
| ██▂▁▂▄▅▅ | Cost of Funds (%) | 1.63% | 1.61% | 1.28% | 1.19% | 1.25% | 1.38% | 1.45% | 1.43% |
| ▄▃▃▃▁█▁▆ | NPA / Assets (%) | 0.79% | 0.77% | 0.77% | 0.78% | 0.73% | 0.91% | 0.71% | 0.84% |
| █▁▁▁▁▃▁▂ | Net Charge-Off Ratio (%) | 1.07% | 0.01% | 0.01% | 0.02% | 0.01% | 0.35% | 0.05% | 0.23% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $13 | $14 | $14 | $14 | $15 | $16 | $16 | $16 |
| ▁▂▂█▅▁▇█ | Gross Loans ($M) | $102 | $104 | $103 | $109 | $106 | $102 | $107 | $108 |
| ▁▂▁▁▅███ | Total Deposits ($M) | $124 | $128 | $127 | $126 | $135 | $142 | $145 | $142 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |