Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.57 | 0.94% |
| Return on Equity (%) | ▲ | 15.32% | +5.37 | 9.95% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.30 | 3.71% |
| Efficiency Ratio (%) | ▲ | 52.81% | -13.14 | 65.96% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.63 | $1 |
| Cost of Funds (%) | ▲ | 2.17% | -0.07 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $286 | +22.31 | $263 |
| Gross Loans ($M) | ▲ | $239 | +28.13 | $211 |
| Loan Growth YoY (%) | ▲ | 96.41% | +4.45 | 91.96% |
| Total Deposits ($M) | ▲ | $246 | +18.40 | $227 |
| Shareholders Equity ($M) | ▲ | $29 | +3.72 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +3.71 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 96.41% | +4.45 | 91.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.55% | +0.15 | 1.40% |
| Allowance / Loans (%) | — | 0.92% | 0.01% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 1.85% | +0.10 | 1.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▄▁▃▅▆█ | Net Interest Margin (%) | 3.75% | 3.83% | 3.86% | 3.71% | 3.81% | 3.88% | 3.92% | 4.01% |
| ▄▂▃▁▃▂▃█ | Return on Assets (%) | 1.17% | 1.06% | 1.09% | 0.94% | 1.14% | 1.03% | 1.12% | 1.51% |
| ▅▆▅█▅▅▅▁ | Efficiency Ratio (%) | 60.5% | 62.4% | 60.4% | 66.0% | 59.9% | 60.8% | 60.5% | 52.8% |
| ▁▄█▆█▆▆▄ | Cost of Funds (%) | 2.04% | 2.18% | 2.35% | 2.24% | 2.35% | 2.25% | 2.27% | 2.17% |
| ▁▂▂▅█▅█▇ | NPA / Assets (%) | 1.12% | 1.21% | 1.19% | 1.40% | 1.61% | 1.38% | 1.62% | 1.55% |
| ▁▁▁▅█▄█▆ | Net Charge-Off Ratio (%) | 1.48% | 1.51% | 1.49% | 1.75% | 2.01% | 1.71% | 2.00% | 1.85% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $21 | $22 | $23 | $24 | $24 | $25 | $26 | $27 |
| ▁▂▄▅▆▇▇█ | Gross Loans ($M) | $178 | $192 | $205 | $211 | $221 | $226 | $231 | $239 |
| ▁▁▄▅▇███ | Total Deposits ($M) | $202 | $204 | $221 | $227 | $239 | $243 | $247 | $246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 19% |