Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.04 | 1.11% |
| Return on Equity (%) | ▼ | 10.35% | -1.04 | 11.39% |
| Net Interest Margin (%) | ▼ | 3.72% | -0.05 | 3.77% |
| Efficiency Ratio (%) | ▲ | 63.00% | -1.43 | 64.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 0.72% | +0.09 | 0.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +16.20 | $294 |
| Gross Loans ($M) | ▲ | $146 | +2.28 | $144 |
| Loan Growth YoY (%) | ▼ | 52.84% | -1.28 | 54.12% |
| Total Deposits ($M) | ▲ | $274 | +10.58 | $263 |
| Shareholders Equity ($M) | ▲ | $34 | +5.21 | $29 |
| Tang. Book Value ($M) | ▲ | $34 | +5.21 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +5.41 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 52.84% | -1.28 | 54.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.11 | 0.40% |
| Allowance / Loans (%) | — | 1.27% | 0.03% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.13 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.04% | +2.15 | 21.89% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇█▃▆▅▆▁ | Net Interest Margin (%) | 3.89% | 3.86% | 3.89% | 3.77% | 3.84% | 3.83% | 3.84% | 3.72% |
| ▁▃▄▄▆██▅ | Return on Assets (%) | 0.98% | 1.05% | 1.11% | 1.11% | 1.20% | 1.24% | 1.28% | 1.15% |
| █▆▅▄▂▁▁▃ | Efficiency Ratio (%) | 69.4% | 66.6% | 65.2% | 64.4% | 61.9% | 60.8% | 60.8% | 63.0% |
| ▁▆▂▁▅██▆ | Cost of Funds (%) | 0.62% | 0.72% | 0.64% | 0.63% | 0.70% | 0.77% | 0.77% | 0.72% |
| █▆▆▅▇▆▁▁ | NPA / Assets (%) | 0.47% | 0.41% | 0.41% | 0.40% | 0.43% | 0.43% | 0.30% | 0.29% |
| █▅▄▄▇▆▁▁ | Net Charge-Off Ratio (%) | 0.70% | 0.58% | 0.56% | 0.55% | 0.64% | 0.62% | 0.43% | 0.43% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $25 | $28 | $27 | $29 | $31 | $33 | $34 | $34 |
| ▁▂▅▆▆█▇▇ | Gross Loans ($M) | $135 | $138 | $143 | $144 | $144 | $149 | $146 | $146 |
| ▁▁▁▃█▇▆█ | Total Deposits ($M) | $257 | $257 | $259 | $263 | $274 | $272 | $270 | $274 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |