Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.65% | -0.11 | 0.76% |
| Return on Equity (%) | ▼ | 7.63% | -3.68 | 11.31% |
| Net Interest Margin (%) | ▼ | 3.70% | -0.22 | 3.91% |
| Efficiency Ratio (%) | ▲ | 75.50% | -0.93 | 76.43% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 1.40% | +0.34 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $251 | +33.80 | $218 |
| Gross Loans ($M) | ▲ | $130 | +18.24 | $112 |
| Loan Growth YoY (%) | ▲ | 66.63% | +11.83 | 54.80% |
| Total Deposits ($M) | ▼ | $193 | -8.48 | $202 |
| Shareholders Equity ($M) | ▲ | $22 | +6.62 | $15 |
| Tang. Book Value ($M) | ▲ | $21 | +6.63 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +8.16 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 66.63% | +11.83 | 54.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.31 | 0.40% |
| Allowance / Loans (%) | — | 0.86% | -0.15% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.61 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.86% | +2.49 | 16.37% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▇█▇▅ | Net Interest Margin (%) | 3.37% | 3.36% | 3.51% | 3.91% | 3.87% | 3.95% | 3.84% | 3.70% |
| ▅▁▃██▇▁▇ | Return on Assets (%) | 0.44% | 0.11% | 0.31% | 0.76% | 0.69% | 0.66% | 0.15% | 0.65% |
| ▅▄█▁▂▃█▁ | Efficiency Ratio (%) | 84.7% | 81.5% | 89.4% | 76.4% | 78.3% | 79.8% | 90.5% | 75.5% |
| █▆▇▁▁▂▄█ | Cost of Funds (%) | 1.41% | 1.28% | 1.32% | 1.05% | 1.01% | 1.08% | 1.17% | 1.40% |
| █▆▆▄▃▃▁▁ | NPA / Assets (%) | 0.91% | 0.69% | 0.61% | 0.40% | 0.38% | 0.34% | 0.12% | 0.09% |
| █▆▅▃▃▃▁▁ | Net Charge-Off Ratio (%) | 1.85% | 1.34% | 1.16% | 0.78% | 0.72% | 0.60% | 0.27% | 0.17% |
| ▁▁▁▂▂███ | Tang. Book Value ($M) | $13 | $14 | $14 | $15 | $15 | $22 | $21 | $21 |
| ▁▃▃▂▂▃▄█ | Gross Loans ($M) | $108 | $114 | $114 | $112 | $113 | $115 | $119 | $130 |
| ▅█▄▄▄▁▃▃ | Total Deposits ($M) | $205 | $229 | $200 | $202 | $200 | $180 | $197 | $193 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |