Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.57 | 0.35% |
| Return on Equity (%) | ▲ | 6.65% | +4.00 | 2.65% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.72 | 3.00% |
| Efficiency Ratio (%) | ▲ | 77.55% | -4.39 | 81.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $0 |
| Cost of Funds (%) | ▲ | 2.29% | -0.08 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $279 | -11.34 | $290 |
| Gross Loans ($M) | ▼ | $223 | -13.95 | $236 |
| Loan Growth YoY (%) | ▼ | 97.55% | -12.84 | 110.40% |
| Total Deposits ($M) | ▲ | $226 | +13.72 | $212 |
| Shareholders Equity ($M) | ▲ | $41 | +2.20 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +2.02 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 97.55% | -12.84 | 110.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.13 | 0.82% |
| Allowance / Loans (%) | — | 0.95% | 0.03% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 1.19% | +0.19 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.26% | +1.74 | 18.51% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.41% | 2.42% | 2.52% | 3.00% | 3.06% | 3.17% | 3.21% | 3.72% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | -0.03% | -0.02% | 0.04% | 0.35% | 0.42% | 0.49% | 0.52% | 0.91% |
| ██▆▂▁▁▁▁ | Efficiency Ratio (%) | 104.5% | 102.4% | 97.5% | 81.9% | 80.3% | 78.0% | 77.4% | 77.5% |
| ▆█▇█▆▃▁▅ | Cost of Funds (%) | 2.29% | 2.36% | 2.33% | 2.37% | 2.30% | 2.23% | 2.15% | 2.29% |
| ▄█▄▄▄▁▅█ | NPA / Assets (%) | 0.80% | 0.94% | 0.79% | 0.82% | 0.81% | 0.69% | 0.85% | 0.95% |
| ▄█▄▄▄▁▅█ | Net Charge-Off Ratio (%) | 1.00% | 1.17% | 0.97% | 1.00% | 1.00% | 0.84% | 1.05% | 1.19% |
| ▁▁▁▃▄▆▇█ | Tang. Book Value ($M) | $37 | $37 | $37 | $38 | $38 | $39 | $39 | $40 |
| ▁▃▅▆▆██▂ | Gross Loans ($M) | $216 | $226 | $234 | $236 | $239 | $243 | $247 | $223 |
| ▁▂▁▃▆▆▇█ | Total Deposits ($M) | $206 | $208 | $208 | $212 | $220 | $221 | $222 | $226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 12% |