Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.38 | 1.03% |
| Return on Equity (%) | ▲ | 14.73% | +3.21 | 11.52% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.37 | 3.73% |
| Efficiency Ratio (%) | ▲ | 67.50% | -5.63 | 73.13% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.13 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $326 | -1.88 | $328 |
| Gross Loans ($M) | ▼ | $265 | -6.98 | $272 |
| Loan Growth YoY (%) | ▼ | 106.89% | -5.55 | 112.44% |
| Total Deposits ($M) | ▲ | $246 | +5.50 | $241 |
| Shareholders Equity ($M) | ▲ | $31 | +1.87 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +1.87 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.27 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 106.89% | -5.55 | 112.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.05 | 0.53% |
| Allowance / Loans (%) | — | 0.93% | 0.20% | 0.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.03 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▆▇█ | Net Interest Margin (%) | 3.48% | 3.51% | 3.57% | 3.73% | 3.79% | 3.88% | 3.97% | 4.10% |
| ▁▁▁▄▅▆▇█ | Return on Assets (%) | 0.78% | 0.83% | 0.81% | 1.03% | 1.16% | 1.24% | 1.28% | 1.41% |
| ██▇▄▃▂▂▁ | Efficiency Ratio (%) | 78.9% | 77.8% | 77.2% | 73.1% | 70.8% | 69.4% | 69.4% | 67.5% |
| ▅█▆▅▆▇▅▁ | Cost of Funds (%) | 1.56% | 1.66% | 1.60% | 1.57% | 1.58% | 1.62% | 1.56% | 1.43% |
| ▂█▅▁▁▁▁▁ | NPA / Assets (%) | 0.58% | 0.94% | 0.73% | 0.53% | 0.53% | 0.48% | 0.47% | 0.48% |
| ▄█▆▂▂▁▁▂ | Net Charge-Off Ratio (%) | 0.67% | 1.10% | 0.85% | 0.44% | 0.45% | 0.35% | 0.34% | 0.47% |
| ▁▃▁▂▄▆██ | Tang. Book Value ($M) | $29 | $29 | $29 | $29 | $30 | $30 | $31 | $31 |
| ▁▂█▆▇▅▃▁ | Gross Loans ($M) | $266 | $268 | $275 | $272 | $273 | $271 | $268 | $265 |
| ██▁▃▆▄▁▇ | Total Deposits ($M) | $249 | $249 | $236 | $241 | $244 | $242 | $236 | $246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 11% |