Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.09% | -0.03 | 1.12% |
| Return on Equity (%) | ▼ | 38.10% | -37.05 | 75.15% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.22 | 3.73% |
| Efficiency Ratio (%) | ▼ | 76.58% | +0.80 | 75.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▼ | 0.93% | +0.04 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +4.10 | $242 |
| Gross Loans ($M) | ▲ | $131 | +15.56 | $116 |
| Loan Growth YoY (%) | ▲ | 54.59% | +6.21 | 48.38% |
| Total Deposits ($M) | ▲ | $238 | +1.57 | $237 |
| Shareholders Equity ($M) | ▲ | $7 | +2.51 | $4 |
| Tang. Book Value ($M) | ▲ | $7 | +2.51 | $4 |
| TBV excl. AOCI ($M)** | ▲ | $10 | +2.50 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 54.59% | +6.21 | 48.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.68 | 0.09% |
| Allowance / Loans (%) | — | 1.03% | -0.14% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.38% | +1.20 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.24% | -0.15 | 15.39% |
Noninterest income ($0.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▂▁▃▃▄█ | Net Interest Margin (%) | 3.81% | 3.79% | 3.78% | 3.73% | 3.78% | 3.79% | 3.83% | 3.94% |
| █▇▇▃▁▁▂▁ | Return on Assets (%) | 1.18% | 1.16% | 1.16% | 1.12% | 1.10% | 1.09% | 1.10% | 1.09% |
| ▄▃▁▆▆▆▃█ | Efficiency Ratio (%) | 75.1% | 74.8% | 74.1% | 75.8% | 75.8% | 75.9% | 74.9% | 76.6% |
| ▁▃█▃▆█▅▅ | Cost of Funds (%) | 0.84% | 0.89% | 1.01% | 0.89% | 0.96% | 0.99% | 0.93% | 0.93% |
| ▁▁▁▁███▇ | NPA / Assets (%) | 0.11% | 0.11% | 0.10% | 0.09% | 0.87% | 0.89% | 0.89% | 0.77% |
| ▁▁▁▁███▆ | Net Charge-Off Ratio (%) | 0.21% | 0.23% | 0.20% | 0.19% | 1.80% | 1.74% | 1.69% | 1.38% |
| ▃█▁▃▃▇█▇ | Tang. Book Value ($M) | $4 | $7 | $3 | $4 | $4 | $7 | $7 | $7 |
| ▁▁▁▂▂▅▇█ | Gross Loans ($M) | $115 | $113 | $115 | $116 | $117 | $124 | $129 | $131 |
| ▁▁▄██▇██ | Total Deposits ($M) | $216 | $217 | $224 | $237 | $237 | $235 | $237 | $238 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |