Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.38 | 0.29% |
| Return on Equity (%) | ▲ | 6.98% | +3.78 | 3.20% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.62 | 3.06% |
| Efficiency Ratio (%) | ▲ | 76.14% | -9.70 | 85.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.56 | $0 |
| Cost of Funds (%) | ▲ | 1.48% | -0.37 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $476 | +6.66 | $469 |
| Gross Loans ($M) | ▲ | $343 | +14.42 | $329 |
| Loan Growth YoY (%) | ▲ | 82.99% | +2.76 | 80.23% |
| Total Deposits ($M) | ▲ | $409 | +3.64 | $405 |
| Shareholders Equity ($M) | ▲ | $46 | +3.00 | $43 |
| Tang. Book Value ($M) | ▲ | $40 | +3.29 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.10 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 82.99% | +2.76 | 80.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.15 | 0.21% |
| Allowance / Loans (%) | — | 1.06% | 0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.57% | +1.29 | 12.28% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▅█ | Net Interest Margin (%) | 2.91% | 2.99% | 2.99% | 3.06% | 3.15% | 3.32% | 3.36% | 3.68% |
| ▁▂▁▂▃▄▄█ | Return on Assets (%) | 0.23% | 0.29% | 0.24% | 0.29% | 0.39% | 0.41% | 0.41% | 0.68% |
| █▇▇▆▄▂▃▁ | Efficiency Ratio (%) | 90.1% | 86.7% | 88.1% | 85.8% | 81.6% | 79.5% | 80.7% | 76.1% |
| ▆▅█▇▆▄▃▁ | Cost of Funds (%) | 1.78% | 1.73% | 1.95% | 1.84% | 1.79% | 1.70% | 1.62% | 1.48% |
| █▂▂▆█▂▂▁ | NPA / Assets (%) | 0.27% | 0.09% | 0.09% | 0.21% | 0.29% | 0.08% | 0.09% | 0.05% |
| █▂▂▂▅▂▂▁ | Net Charge-Off Ratio (%) | 0.35% | 0.13% | 0.12% | 0.12% | 0.23% | 0.11% | 0.12% | 0.07% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $35 | $36 | $36 | $37 | $37 | $38 | $39 | $40 |
| ▁▃▄▄▇█▇█ | Gross Loans ($M) | $317 | $325 | $329 | $329 | $338 | $340 | $338 | $343 |
| ▁▆▅▇█▄▄█ | Total Deposits ($M) | $386 | $404 | $398 | $405 | $410 | $398 | $396 | $409 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |