Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.30 | 0.30% |
| Return on Equity (%) | ▲ | 5.10% | +2.44 | 2.66% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.31 | 2.51% |
| Efficiency Ratio (%) | ▲ | 79.68% | -6.51 | 86.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.45 | $0 |
| Cost of Funds (%) | ▲ | 1.65% | -0.24 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $517 | +13.19 | $504 |
| Gross Loans ($M) | ▲ | $341 | +7.01 | $334 |
| Loan Growth YoY (%) | ▼ | 76.79% | -3.35 | 80.14% |
| Total Deposits ($M) | ▲ | $440 | +27.12 | $413 |
| Shareholders Equity ($M) | ▲ | $61 | +4.19 | $57 |
| Tang. Book Value ($M) | ▲ | $60 | +4.23 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +3.78 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 76.79% | -3.35 | 80.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.01 | 0.25% |
| Allowance / Loans (%) | — | 0.82% | -0.01% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.01 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.88% | -0.07 | 21.95% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.43% | 2.41% | 2.43% | 2.51% | 2.60% | 2.61% | 2.66% | 2.82% |
| ▁▂▁▁▂▃▃█ | Return on Assets (%) | 0.31% | 0.35% | 0.33% | 0.30% | 0.34% | 0.39% | 0.40% | 0.60% |
| ▆▆▇█▇▅▄▁ | Efficiency Ratio (%) | 84.4% | 84.3% | 84.8% | 86.2% | 84.7% | 83.4% | 82.9% | 79.7% |
| ▆▅█▄▄▂▅▁ | Cost of Funds (%) | 1.97% | 1.95% | 2.13% | 1.89% | 1.84% | 1.76% | 1.92% | 1.65% |
| ██▅▄▁▁▂▄ | NPA / Assets (%) | 0.49% | 0.46% | 0.31% | 0.25% | 0.03% | 0.03% | 0.13% | 0.24% |
| ██▅▄▁▁▂▄ | Net Charge-Off Ratio (%) | 0.75% | 0.75% | 0.46% | 0.38% | 0.05% | 0.04% | 0.20% | 0.37% |
| ▁▅▂▃▃▇██ | Tang. Book Value ($M) | $54 | $57 | $55 | $56 | $56 | $59 | $60 | $60 |
| ▁▁▃▃▆▇█▆ | Gross Loans ($M) | $328 | $326 | $332 | $334 | $340 | $343 | $348 | $341 |
| ▁▆▂▁▁█▄▄ | Total Deposits ($M) | $418 | $453 | $424 | $413 | $416 | $470 | $438 | $440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |