Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.15 | 0.61% |
| Return on Equity (%) | ▲ | 6.48% | +1.12 | 5.36% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.51 | 3.99% |
| Efficiency Ratio (%) | ▲ | 74.53% | -0.27 | 74.80% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.21 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $223 | +14.73 | $209 |
| Gross Loans ($M) | ▲ | $185 | +14.93 | $170 |
| Loan Growth YoY (%) | ▲ | 96.42% | +4.27 | 92.15% |
| Total Deposits ($M) | ▲ | $190 | +7.16 | $183 |
| Shareholders Equity ($M) | ▲ | $26 | +1.91 | $24 |
| Tang. Book Value ($M) | ▲ | $25 | +1.98 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 96.42% | +4.27 | 92.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.21 | 0.59% |
| Allowance / Loans (%) | — | 1.16% | 0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.26 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▃▄▆▆█ | Net Interest Margin (%) | 3.71% | 3.93% | 3.95% | 3.99% | 4.07% | 4.23% | 4.28% | 4.50% |
| ▁▇▆▃▆██▇ | Return on Assets (%) | 0.49% | 0.77% | 0.71% | 0.61% | 0.71% | 0.82% | 0.80% | 0.76% |
| █▃▄▄▂▁▂▄ | Efficiency Ratio (%) | 80.7% | 73.2% | 74.9% | 74.8% | 72.4% | 70.7% | 72.7% | 74.5% |
| ▁█▆▅▃▁▂▁ | Cost of Funds (%) | 1.29% | 1.64% | 1.52% | 1.46% | 1.38% | 1.26% | 1.31% | 1.25% |
| ▁████▅▆▄ | NPA / Assets (%) | 0.15% | 0.64% | 0.65% | 0.59% | 0.60% | 0.40% | 0.47% | 0.39% |
| ▁████▄▅▄ | Net Charge-Off Ratio (%) | 0.19% | 0.80% | 0.79% | 0.73% | 0.73% | 0.48% | 0.55% | 0.47% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $22 | $23 | $23 | $23 | $24 | $24 | $25 | $25 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $166 | $167 | $170 | $170 | $172 | $177 | $180 | $185 |
| ▁▂▂▃▂▁▁█ | Total Deposits ($M) | $180 | $181 | $181 | $183 | $181 | $179 | $180 | $190 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |