Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.14 | 1.10% |
| Return on Equity (%) | ▼ | 9.42% | -0.01 | 9.43% |
| Net Interest Margin (%) | ▲ | 4.94% | +0.15 | 4.79% |
| Efficiency Ratio (%) | ▲ | 70.30% | -0.68 | 70.98% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.12 | $2 |
| Cost of Funds (%) | ▲ | 0.70% | -0.09 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $516 | +14.86 | $501 |
| Gross Loans ($M) | ▼ | $295 | -3.60 | $299 |
| Loan Growth YoY (%) | ▼ | 65.64% | -1.85 | 67.49% |
| Total Deposits ($M) | ▲ | $444 | +6.93 | $437 |
| Shareholders Equity ($M) | ▲ | $67 | +7.44 | $60 |
| Tang. Book Value ($M) | ▲ | $67 | +7.44 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +8.33 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 65.64% | -1.85 | 67.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.13 | 0.71% |
| Allowance / Loans (%) | — | 1.20% | -0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 1.44% | +0.42 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 4.40% | 4.46% | 4.51% | 4.79% | 4.92% | 4.98% | 4.98% | 4.94% |
| ▁▂▃▂▅██▅ | Return on Assets (%) | 1.05% | 1.12% | 1.16% | 1.10% | 1.26% | 1.36% | 1.40% | 1.25% |
| ▄▃▆█▃▁▃▇ | Efficiency Ratio (%) | 69.5% | 69.1% | 70.1% | 71.0% | 69.2% | 68.1% | 69.0% | 70.3% |
| ▇█▇▃▂▃▂▁ | Cost of Funds (%) | 0.92% | 0.95% | 0.91% | 0.79% | 0.75% | 0.77% | 0.76% | 0.70% |
| ▁▁▃▅▁▄█▇ | NPA / Assets (%) | 0.48% | 0.52% | 0.64% | 0.71% | 0.52% | 0.67% | 0.92% | 0.83% |
| ▁▁▄▅▂▅██ | Net Charge-Off Ratio (%) | 0.46% | 0.52% | 0.89% | 1.02% | 0.70% | 0.96% | 1.41% | 1.44% |
| ▁▄▁▃▅▇██ | Tang. Book Value ($M) | $56 | $61 | $56 | $60 | $62 | $65 | $67 | $67 |
| ▄█▅▅▄▆▁▁ | Gross Loans ($M) | $298 | $303 | $299 | $299 | $298 | $301 | $295 | $295 |
| ▆▁▄▅▃▃▁█ | Total Deposits ($M) | $438 | $428 | $434 | $437 | $432 | $431 | $426 | $444 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 5% |