Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.20 | 0.93% |
| Return on Equity (%) | ▲ | 10.86% | +1.21 | 9.65% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.06 | 4.37% |
| Efficiency Ratio (%) | ▲ | 63.25% | -4.40 | 67.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.20 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $385 | -15.50 | $401 |
| Gross Loans ($M) | ▼ | $288 | -12.67 | $301 |
| Loan Growth YoY (%) | ▼ | 83.94% | -0.80 | 84.74% |
| Total Deposits ($M) | ▼ | $340 | -12.02 | $352 |
| Shareholders Equity ($M) | ▲ | $41 | +1.92 | $39 |
| Tang. Book Value ($M) | ▲ | $39 | +1.94 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.19 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 83.94% | -0.80 | 84.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.10 | 0.84% |
| Allowance / Loans (%) | — | 1.06% | 0.12% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.06 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▃▁▁▆▇█▄ | Net Interest Margin (%) | 4.46% | 4.40% | 4.36% | 4.37% | 4.47% | 4.48% | 4.51% | 4.43% |
| ▅▆▆▄▄▃▁█ | Return on Assets (%) | 1.00% | 1.01% | 1.05% | 0.93% | 0.96% | 0.92% | 0.80% | 1.13% |
| ▂▂▄▅▄▆█▁ | Efficiency Ratio (%) | 64.4% | 65.1% | 66.7% | 67.6% | 66.8% | 68.4% | 71.2% | 63.2% |
| ██▇▃▄▃▃▁ | Cost of Funds (%) | 2.30% | 2.37% | 2.29% | 1.98% | 2.01% | 1.99% | 1.96% | 1.78% |
| ▁▅▆▇▆▅▅█ | NPA / Assets (%) | 0.28% | 0.61% | 0.73% | 0.84% | 0.69% | 0.66% | 0.62% | 0.94% |
| ▂▇█▅▁▁▁▅ | Net Charge-Off Ratio (%) | 0.34% | 0.81% | 0.95% | 0.62% | 0.23% | 0.28% | 0.26% | 0.68% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $35 | $36 | $36 | $37 | $38 | $39 | $39 | $39 |
| █▄▄▄▄▁▂▁ | Gross Loans ($M) | $320 | $301 | $299 | $301 | $299 | $285 | $293 | $288 |
| ▆▅▂█▄▁▁▂ | Total Deposits ($M) | $347 | $346 | $339 | $352 | $343 | $338 | $337 | $340 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 17% |