Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.23 | 0.65% |
| Return on Equity (%) | ▲ | 7.79% | +1.25 | 6.54% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.28 | 3.27% |
| Efficiency Ratio (%) | ▲ | 73.40% | -0.50 | 73.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 1.99% | -0.10 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $429 | -12.19 | $441 |
| Gross Loans ($M) | ▲ | $302 | +1.14 | $301 |
| Loan Growth YoY (%) | ▲ | 88.74% | +2.42 | 86.32% |
| Total Deposits ($M) | ▼ | $336 | -8.30 | $345 |
| Shareholders Equity ($M) | ▲ | $48 | +3.78 | $45 |
| Tang. Book Value ($M) | ▲ | $48 | +3.90 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +2.98 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 88.74% | +2.42 | 86.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.58% | +2.02 | 0.56% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -0.03 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▄▄▆█ | Net Interest Margin (%) | 2.94% | 3.00% | 3.04% | 3.27% | 3.19% | 3.23% | 3.32% | 3.55% |
| ▁▃▄▇████ | Return on Assets (%) | -0.96% | -0.47% | -0.22% | 0.65% | 0.66% | 0.68% | 0.70% | 0.88% |
| █▄▃▁▁▁▁▁ | Efficiency Ratio (%) | 197.5% | 128.1% | 112.2% | 73.9% | 74.7% | 72.3% | 72.0% | 73.4% |
| ███▄▃▄▅▁ | Cost of Funds (%) | 2.22% | 2.24% | 2.23% | 2.10% | 2.08% | 2.09% | 2.14% | 1.99% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.37% | 0.57% | 0.59% | 0.56% | 2.50% | 2.62% | 2.63% | 2.58% |
| ▁▁▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.44% | 0.70% | 0.72% | 0.67% | 3.59% | 0.76% | 0.66% | 0.65% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $41 | $43 | $43 | $44 | $45 | $47 | $48 | $48 |
| ▁▆▆▇▆▄█▇ | Gross Loans ($M) | $272 | $296 | $297 | $301 | $297 | $288 | $307 | $302 |
| ▂▂███▅▁▃ | Total Deposits ($M) | $334 | $335 | $344 | $345 | $345 | $339 | $332 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |