Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.40% | +0.17 | 0.22% |
| Return on Equity (%) | ▲ | 5.97% | +2.23 | 3.74% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.35 | 2.84% |
| Efficiency Ratio (%) | ▲ | 86.03% | -5.67 | 91.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $0 |
| Cost of Funds (%) | ▲ | 1.27% | -0.15 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $493 | +16.23 | $477 |
| Gross Loans ($M) | ▲ | $347 | +8.81 | $338 |
| Loan Growth YoY (%) | ▼ | 81.41% | -0.83 | 82.24% |
| Total Deposits ($M) | ▲ | $423 | +15.12 | $408 |
| Shareholders Equity ($M) | ▲ | $33 | +3.17 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +3.16 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +2.80 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 81.41% | -0.83 | 82.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.15 | 0.20% |
| Allowance / Loans (%) | — | 0.89% | -0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.21 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.60% | +0.50 | 13.10% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.68% | 2.65% | 2.66% | 2.84% | 2.89% | 2.93% | 2.97% | 3.20% |
| ▁▁▁▄▄▅▆█ | Return on Assets (%) | 0.08% | 0.09% | 0.11% | 0.22% | 0.24% | 0.27% | 0.29% | 0.40% |
| ███▄▄▃▃▁ | Efficiency Ratio (%) | 97.6% | 97.1% | 96.5% | 91.7% | 91.3% | 90.2% | 89.4% | 86.0% |
| ▅▇█▅▅▅▄▁ | Cost of Funds (%) | 1.43% | 1.48% | 1.54% | 1.42% | 1.43% | 1.41% | 1.38% | 1.27% |
| ▁▄██▂▁▁▁ | NPA / Assets (%) | 0.05% | 0.13% | 0.21% | 0.20% | 0.08% | 0.06% | 0.05% | 0.05% |
| ▁▅██▂▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.18% | 0.30% | 0.28% | 0.12% | 0.08% | 0.08% | 0.07% |
| ▁▅▁▄▄▇██ | Tang. Book Value ($M) | $27 | $30 | $28 | $29 | $30 | $32 | $33 | $33 |
| ▁▁▄▆█▇██ | Gross Loans ($M) | $323 | $324 | $333 | $338 | $345 | $342 | $347 | $347 |
| ▁▁▁▄▆▄▇█ | Total Deposits ($M) | $400 | $398 | $398 | $408 | $415 | $409 | $419 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |