Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.28 | 1.51% |
| Return on Equity (%) | ▲ | 21.61% | +2.25 | 19.36% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.22 | 3.77% |
| Efficiency Ratio (%) | ▲ | 58.97% | -6.18 | 65.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▼ | 1.53% | +0.01 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $185 | +12.88 | $172 |
| Gross Loans ($M) | ▲ | $142 | +8.70 | $134 |
| Loan Growth YoY (%) | ▼ | 83.88% | -0.53 | 84.41% |
| Total Deposits ($M) | ▲ | $168 | +11.27 | $157 |
| Shareholders Equity ($M) | ▲ | $15 | +1.47 | $13 |
| Tang. Book Value ($M) | ▲ | $15 | +1.47 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 83.88% | -0.53 | 84.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.10 | 0.17% |
| Allowance / Loans (%) | — | 0.85% | -0.01% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.13 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.35% | 3.41% | 3.48% | 3.77% | 3.91% | 3.92% | 3.99% | 3.99% |
| ▁▁▂▅▆▇██ | Return on Assets (%) | 1.18% | 1.24% | 1.31% | 1.51% | 1.63% | 1.67% | 1.73% | 1.79% |
| ▇█▇▄▃▃▂▁ | Efficiency Ratio (%) | 70.5% | 72.2% | 70.4% | 65.2% | 63.4% | 62.6% | 61.5% | 59.0% |
| ▇█▆▁▁▃▃▁ | Cost of Funds (%) | 1.72% | 1.79% | 1.70% | 1.51% | 1.54% | 1.59% | 1.61% | 1.53% |
| ▅▅▅▅█▆▇▁ | NPA / Assets (%) | 0.18% | 0.18% | 0.18% | 0.17% | 0.26% | 0.21% | 0.24% | 0.07% |
| ▅▅▅▅█▆▇▁ | Net Charge-Off Ratio (%) | 0.23% | 0.24% | 0.23% | 0.22% | 0.33% | 0.26% | 0.29% | 0.09% |
| ▁▄▁▃▅▇██ | Tang. Book Value ($M) | $13 | $14 | $13 | $13 | $14 | $15 | $15 | $15 |
| ▃▁▁▃▅▆█▇ | Gross Loans ($M) | $134 | $128 | $130 | $134 | $138 | $140 | $146 | $142 |
| ▁▃▄▅▂▅▆█ | Total Deposits ($M) | $143 | $150 | $153 | $157 | $149 | $158 | $161 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 23% |