Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.03 | 1.08% |
| Return on Equity (%) | ▼ | 6.72% | -0.31 | 7.03% |
| Net Interest Margin (%) | — | 4.43% | 0.00 | 4.44% |
| Efficiency Ratio (%) | ▲ | 69.15% | -1.73 | 70.88% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▼ | 0.48% | +0.21 | 0.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $396 | +16.71 | $379 |
| Gross Loans ($M) | ▲ | $282 | +19.12 | $262 |
| Loan Growth YoY (%) | ▲ | 85.96% | +3.00 | 82.96% |
| Total Deposits ($M) | ▲ | $324 | +10.86 | $313 |
| Shareholders Equity ($M) | ▲ | $66 | +6.29 | $60 |
| Tang. Book Value ($M) | ▲ | $66 | +6.29 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +6.05 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 85.96% | +3.00 | 82.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.13 | 0.26% |
| Allowance / Loans (%) | — | 1.05% | 0.07% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.20 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 29.78% | +1.11 | 28.67% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▇██▄ | Net Interest Margin (%) | 4.34% | 4.35% | 4.40% | 4.44% | 4.50% | 4.54% | 4.52% | 4.43% |
| ▁▁▃▅▅▇█▇ | Return on Assets (%) | 1.00% | 1.00% | 1.04% | 1.08% | 1.08% | 1.11% | 1.15% | 1.11% |
| ██▇▅▄▂▁▂ | Efficiency Ratio (%) | 72.8% | 72.8% | 72.0% | 70.9% | 70.3% | 69.2% | 68.4% | 69.1% |
| ▁▁▁▁▂▄▆█ | Cost of Funds (%) | 0.25% | 0.28% | 0.28% | 0.28% | 0.29% | 0.35% | 0.40% | 0.48% |
| ▄█▆▇▃▂▁▁ | NPA / Assets (%) | 0.21% | 0.30% | 0.24% | 0.26% | 0.18% | 0.15% | 0.13% | 0.13% |
| ▄█▆▇▃▂▁▁ | Net Charge-Off Ratio (%) | 0.31% | 0.44% | 0.34% | 0.38% | 0.25% | 0.21% | 0.18% | 0.18% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $55 | $59 | $57 | $60 | $61 | $63 | $65 | $66 |
| ▂▁▁▁▂▅██ | Gross Loans ($M) | $264 | $260 | $263 | $262 | $266 | $273 | $281 | $282 |
| ▆▅▅▄▁▁██ | Total Deposits ($M) | $319 | $314 | $316 | $313 | $305 | $305 | $324 | $324 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |