Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.70% | -0.04 | 1.74% |
| Return on Equity (%) | ▼ | 18.70% | -2.23 | 20.93% |
| Net Interest Margin (%) | ▼ | 4.35% | -0.03 | 4.38% |
| Efficiency Ratio (%) | ▼ | 63.99% | +0.57 | 63.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▼ | 1.07% | +0.01 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $339 | +13.76 | $326 |
| Gross Loans ($M) | ▲ | $185 | +10.41 | $174 |
| Loan Growth YoY (%) | ▲ | 61.63% | +0.31 | 61.32% |
| Total Deposits ($M) | ▲ | $296 | +15.04 | $281 |
| Shareholders Equity ($M) | ▲ | $31 | +3.17 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +3.17 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +3.20 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 61.63% | +0.31 | 61.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.23% | 0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.71 | 16.71% |
Noninterest income ($0.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▆▇██▄ | Net Interest Margin (%) | 4.29% | 4.26% | 4.28% | 4.38% | 4.41% | 4.45% | 4.45% | 4.35% |
| ▄▆▆▂▄▇█▁ | Return on Assets (%) | 1.78% | 1.84% | 1.84% | 1.74% | 1.81% | 1.87% | 1.92% | 1.70% |
| ▇▅▄▇▆▃▁█ | Efficiency Ratio (%) | 63.5% | 62.6% | 62.2% | 63.4% | 62.9% | 61.7% | 60.5% | 64.0% |
| ▃█▅▁▃▄▁▂ | Cost of Funds (%) | 1.12% | 1.27% | 1.16% | 1.06% | 1.12% | 1.14% | 1.04% | 1.07% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▁▄▆█▆▇ | Tang. Book Value ($M) | $25 | $29 | $26 | $28 | $30 | $32 | $30 | $31 |
| ▁▂▄▄▆▅▇█ | Gross Loans ($M) | $168 | $171 | $175 | $174 | $180 | $178 | $181 | $185 |
| ▁▁▆▄▅▅█▇ | Total Deposits ($M) | $265 | $261 | $287 | $281 | $281 | $283 | $301 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |