Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.71% | -0.22 | 1.94% |
| Return on Equity (%) | ▼ | 43.05% | -96.53 | 139.58% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.09 | 2.78% |
| Efficiency Ratio (%) | ▼ | 61.02% | +3.05 | 57.97% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.10 | $2 |
| Cost of Funds (%) | ▲ | 1.18% | -0.25 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $350 | +15.70 | $334 |
| Gross Loans ($M) | ▲ | $120 | +0.49 | $120 |
| Loan Growth YoY (%) | ▼ | 35.88% | -0.69 | 36.57% |
| Total Deposits ($M) | ▲ | $334 | +8.53 | $326 |
| Shareholders Equity ($M) | ▲ | $14 | +7.21 | $7 |
| Tang. Book Value ($M) | ▲ | $14 | +7.21 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +7.39 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 35.88% | -0.69 | 36.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.34 | 0.36% |
| Allowance / Loans (%) | — | 0.41% | -0.27% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.95 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.57% | +1.21 | 19.36% |
Noninterest income ($1.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▄▄▆█ | Net Interest Margin (%) | 2.70% | 2.68% | 2.73% | 2.78% | 2.77% | 2.78% | 2.81% | 2.88% |
| █▇▄▇▁▂▂▅ | Return on Assets (%) | 2.03% | 1.92% | 1.65% | 1.94% | 1.35% | 1.47% | 1.48% | 1.71% |
| ▁▃█▄▄▄▇█ | Efficiency Ratio (%) | 55.4% | 57.3% | 61.0% | 58.0% | 58.1% | 58.1% | 60.0% | 61.0% |
| █▇█▆▃▂▁▁ | Cost of Funds (%) | 1.53% | 1.44% | 1.49% | 1.43% | 1.28% | 1.25% | 1.17% | 1.18% |
| ▁▁▁█▁▁▁▁ | NPA / Assets (%) | 0.03% | 0.01% | 0.05% | 0.36% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.12% | 0.03% | 0.15% | 1.00% | 0.07% | 0.08% | 0.06% | 0.06% |
| ▁▅▂▄▄███ | Tang. Book Value ($M) | $0 | $8 | $2 | $6 | $6 | $12 | $14 | $14 |
| ▁▁▁█▇▆▇█ | Gross Loans ($M) | $101 | $101 | $100 | $120 | $116 | $113 | $117 | $120 |
| ▆▆▁▃█▆▃▄ | Total Deposits ($M) | $348 | $344 | $308 | $326 | $362 | $345 | $322 | $334 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 50% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 1% |