Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.19 | 1.04% |
| Return on Equity (%) | ▲ | 13.43% | +1.42 | 12.01% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.08 | 3.89% |
| Efficiency Ratio (%) | ▲ | 58.93% | -4.77 | 63.70% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.56 | $2 |
| Cost of Funds (%) | ▲ | 1.94% | -0.22 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $678 | +49.38 | $628 |
| Gross Loans ($M) | ▲ | $500 | +3.51 | $496 |
| Loan Growth YoY (%) | ▼ | 81.88% | -5.86 | 87.73% |
| Total Deposits ($M) | ▲ | $604 | +43.13 | $561 |
| Shareholders Equity ($M) | ▲ | $61 | +6.08 | $55 |
| Tang. Book Value ($M) | ▲ | $61 | +6.08 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +6.69 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 81.88% | -5.86 | 87.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.26 | 0.62% |
| Allowance / Loans (%) | — | 1.05% | 0.20% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.30 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▁▃▇█▄ | Net Interest Margin (%) | 3.90% | 3.98% | 4.01% | 3.89% | 3.96% | 4.05% | 4.10% | 3.97% |
| █▅▃▁▁▄▂▅ | Return on Assets (%) | 1.38% | 1.24% | 1.16% | 1.04% | 1.08% | 1.19% | 1.09% | 1.22% |
| ▁▂▄█▇▅▇▃ | Efficiency Ratio (%) | 56.7% | 58.1% | 59.6% | 63.7% | 62.6% | 60.2% | 62.2% | 58.9% |
| ▆▇█▇▆▄▃▁ | Cost of Funds (%) | 2.14% | 2.16% | 2.21% | 2.16% | 2.14% | 2.07% | 2.03% | 1.94% |
| █▃▁▆▅▅▂▁ | NPA / Assets (%) | 0.75% | 0.45% | 0.32% | 0.62% | 0.56% | 0.55% | 0.39% | 0.36% |
| █▅▁▄▃▃▂▁ | Net Charge-Off Ratio (%) | 0.93% | 0.53% | 0.08% | 0.47% | 0.40% | 0.39% | 0.19% | 0.18% |
| ▂▅▁▃▃▇▇█ | Tang. Book Value ($M) | $55 | $58 | $53 | $55 | $56 | $60 | $60 | $61 |
| ▁▅▅▄▅▇█▄ | Gross Loans ($M) | $483 | $501 | $504 | $496 | $502 | $510 | $517 | $500 |
| ▁▂▄▄▄▅▆█ | Total Deposits ($M) | $530 | $541 | $563 | $561 | $566 | $569 | $583 | $604 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 32% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |