Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.08 | 0.55% |
| Return on Equity (%) | ▲ | 6.15% | +0.57 | 5.58% |
| Net Interest Margin (%) | ▲ | 3.06% | +0.32 | 2.74% |
| Efficiency Ratio (%) | ▲ | 72.05% | -4.42 | 76.47% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.07 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $798 | +19.94 | $778 |
| Gross Loans ($M) | ▲ | $623 | +30.19 | $593 |
| Loan Growth YoY (%) | ▲ | 108.33% | +4.63 | 103.70% |
| Total Deposits ($M) | ▲ | $569 | +2.21 | $566 |
| Shareholders Equity ($M) | ▲ | $81 | +3.73 | $77 |
| Tang. Book Value ($M) | ▲ | $81 | +3.76 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +3.73 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 108.33% | +4.63 | 103.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.86% | +1.47 | 0.39% |
| Allowance / Loans (%) | — | 1.09% | 0.21% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 2.38% | +1.92 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▄▅█ | Net Interest Margin (%) | 2.68% | 2.65% | 2.68% | 2.74% | 2.75% | 2.82% | 2.86% | 3.06% |
| ▅▅▆▇▁▄▃█ | Return on Assets (%) | 0.42% | 0.43% | 0.47% | 0.55% | 0.16% | 0.34% | 0.29% | 0.62% |
| ██▇▅▄▂▁▁ | Efficiency Ratio (%) | 80.4% | 80.0% | 78.4% | 76.5% | 75.8% | 73.9% | 72.8% | 72.1% |
| ▁▇▇▅▄█▄▁ | Cost of Funds (%) | 1.96% | 2.09% | 2.09% | 2.04% | 2.03% | 2.12% | 2.03% | 1.97% |
| ▁▁▁▁▄▄██ | NPA / Assets (%) | 0.43% | 0.39% | 0.36% | 0.39% | 1.08% | 1.10% | 1.97% | 1.86% |
| ▁▁▁▁▄▄██ | Net Charge-Off Ratio (%) | 0.57% | 0.52% | 0.43% | 0.46% | 1.34% | 1.37% | 2.49% | 2.38% |
| ▁▅▂▅▄▇██ | Tang. Book Value ($M) | $72 | $77 | $74 | $77 | $76 | $80 | $80 | $81 |
| ▁▂▄▄▇███ | Gross Loans ($M) | $567 | $575 | $591 | $593 | $615 | $618 | $617 | $623 |
| ▁▄▄▇▃█▄█ | Total Deposits ($M) | $544 | $555 | $555 | $566 | $554 | $571 | $555 | $569 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 22% |