Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.11 | 0.47% |
| Return on Equity (%) | ▲ | 8.39% | +0.06 | 8.33% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.29 | 3.47% |
| Efficiency Ratio (%) | ▼ | 82.84% | +0.92 | 81.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.00 | $1 |
| Cost of Funds (%) | ▲ | 1.51% | -0.06 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $557 | -25.99 | $583 |
| Gross Loans ($M) | ▼ | $385 | -1.50 | $387 |
| Loan Growth YoY (%) | ▼ | 81.82% | -2.13 | 83.95% |
| Total Deposits ($M) | ▲ | $467 | +9.94 | $457 |
| Shareholders Equity ($M) | ▲ | $39 | +5.15 | $34 |
| Tang. Book Value ($M) | ▲ | $39 | +5.15 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.18 | $41 |
| Loan / Deposit Ratio (%) | ▼ | 81.82% | -2.13 | 83.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.05 | 1.02% |
| Allowance / Loans (%) | — | 0.90% | 0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.20 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.43% | +0.88 | 12.55% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 3.19% | 3.22% | 3.28% | 3.47% | 3.47% | 3.54% | 3.61% | 3.76% |
| ▁▂▂▄▇███ | Return on Assets (%) | 0.38% | 0.42% | 0.43% | 0.47% | 0.55% | 0.58% | 0.57% | 0.58% |
| █▇▆▄▁▁▁▅ | Efficiency Ratio (%) | 85.5% | 84.5% | 83.8% | 81.9% | 79.7% | 79.4% | 79.8% | 82.8% |
| ██▄▃▅▅▂▁ | Cost of Funds (%) | 1.75% | 1.76% | 1.62% | 1.57% | 1.64% | 1.64% | 1.54% | 1.51% |
| ▁▃▅▄█▁▄▅ | NPA / Assets (%) | 0.94% | 0.99% | 1.08% | 1.02% | 1.20% | 0.90% | 1.04% | 1.07% |
| ▁▂▄▃█▃▆▇ | Net Charge-Off Ratio (%) | 0.51% | 0.60% | 0.67% | 0.62% | 0.90% | 0.63% | 0.78% | 0.82% |
| ▁▄▃▅▆▇██ | Tang. Book Value ($M) | $28 | $34 | $31 | $34 | $35 | $37 | $38 | $39 |
| ▁▃▅▇██▇▆ | Gross Loans ($M) | $366 | $376 | $382 | $387 | $393 | $393 | $389 | $385 |
| ▃▁▁▅▇█▆█ | Total Deposits ($M) | $450 | $443 | $445 | $457 | $462 | $464 | $459 | $467 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 5% |