Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.06 | 1.13% |
| Return on Equity (%) | ▼ | 11.62% | -1.14 | 12.76% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.32 | 4.21% |
| Efficiency Ratio (%) | ▲ | 65.97% | -3.73 | 69.69% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 0.87% | -0.14 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $179 | +3.76 | $175 |
| Gross Loans ($M) | ▲ | $120 | +5.41 | $114 |
| Loan Growth YoY (%) | ▲ | 74.33% | +0.89 | 73.44% |
| Total Deposits ($M) | ▲ | $159 | +5.38 | $154 |
| Shareholders Equity ($M) | ▲ | $18 | +2.39 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +2.39 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.16 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 74.33% | +0.89 | 73.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.02% | +1.19 | 0.83% |
| Allowance / Loans (%) | — | 1.09% | -0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 3.01% | +1.75 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.18% | +0.01 | 15.17% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▅▆▇██ | Net Interest Margin (%) | 3.83% | 4.06% | 4.30% | 4.21% | 4.28% | 4.36% | 4.44% | 4.53% |
| ▇▇█▇▇▁▇█ | Return on Assets (%) | 1.13% | 1.13% | 1.16% | 1.13% | 1.14% | 0.81% | 1.14% | 1.20% |
| ▂▆██▇▄▄▁ | Efficiency Ratio (%) | 66.9% | 68.6% | 69.9% | 69.7% | 69.4% | 67.8% | 67.6% | 66.0% |
| ▅▁▆█▇▆▆▆ | Cost of Funds (%) | 0.81% | 0.57% | 0.86% | 1.00% | 0.91% | 0.85% | 0.85% | 0.87% |
| ▁▁▁▃▆▇▆█ | NPA / Assets (%) | 0.20% | 0.14% | 0.17% | 0.83% | 1.54% | 1.61% | 1.32% | 2.02% |
| ▁▁▁▃▇▇▅█ | Net Charge-Off Ratio (%) | 0.30% | 0.21% | 0.26% | 1.26% | 2.37% | 2.47% | 1.95% | 3.01% |
| ▁▃▃▄▆▆██ | Tang. Book Value ($M) | $14 | $16 | $15 | $16 | $17 | $17 | $18 | $18 |
| ▁▂▃▅▃▅██ | Gross Loans ($M) | $108 | $111 | $112 | $114 | $112 | $115 | $120 | $120 |
| ▄▁▃▁▃▇▆█ | Total Deposits ($M) | $156 | $154 | $156 | $154 | $156 | $158 | $158 | $159 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 24% |
| Consumer | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 4% |