Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.26 | 0.93% |
| Return on Equity (%) | ▲ | 16.75% | +3.79 | 12.96% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.22 | 3.96% |
| Efficiency Ratio (%) | ▲ | 73.54% | -4.40 | 77.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 1.39% | -0.02 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $176 | +11.32 | $165 |
| Gross Loans ($M) | ▲ | $140 | +8.66 | $131 |
| Loan Growth YoY (%) | ▼ | 88.69% | -0.04 | 88.73% |
| Total Deposits ($M) | ▲ | $156 | +9.81 | $147 |
| Shareholders Equity ($M) | ▲ | $12 | +0.72 | $12 |
| Tang. Book Value ($M) | ▲ | $12 | +0.72 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 88.69% | -0.04 | 88.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Allowance / Loans (%) | — | 0.59% | -0.03% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.08 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.35% | -0.13 | 10.48% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.79% | 3.81% | 3.89% | 3.96% | 4.08% | 4.14% | 4.19% | 4.18% |
| ▃▂▁▁▄█▅█ | Return on Assets (%) | 1.01% | 0.98% | 0.93% | 0.93% | 1.05% | 1.17% | 1.08% | 1.19% |
| ▂▄██▄▁▅▁ | Efficiency Ratio (%) | 74.5% | 75.5% | 77.5% | 77.9% | 75.6% | 73.6% | 76.2% | 73.5% |
| ██▃▂▇▅▅▁ | Cost of Funds (%) | 1.54% | 1.55% | 1.44% | 1.41% | 1.51% | 1.47% | 1.48% | 1.39% |
| ▄▃▁▁▁███ | NPA / Assets (%) | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.07% | 0.07% | 0.07% |
| ▄▃▁▁▁███ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.08% | 0.08% | 0.08% |
| ▁▃▄▅▆▆██ | Tang. Book Value ($M) | $11 | $11 | $11 | $12 | $12 | $12 | $12 | $12 |
| ▂▂▁▁▄█▇▆ | Gross Loans ($M) | $134 | $133 | $132 | $131 | $136 | $143 | $140 | $140 |
| ▁▅▁▄▄▄▇█ | Total Deposits ($M) | $140 | $150 | $140 | $147 | $147 | $147 | $153 | $156 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |