Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.29% | +0.11 | 0.18% |
| Return on Equity (%) | ▲ | 3.22% | +0.96 | 2.26% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.37 | 2.74% |
| Efficiency Ratio (%) | ▲ | 92.17% | -3.60 | 95.77% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.20 | $0 |
| Cost of Funds (%) | ▲ | 2.17% | -0.17 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $579 | -26.15 | $605 |
| Gross Loans ($M) | ▼ | $432 | -23.87 | $456 |
| Loan Growth YoY (%) | ▲ | 93.16% | +0.13 | 93.03% |
| Total Deposits ($M) | ▼ | $458 | -26.27 | $484 |
| Shareholders Equity ($M) | ▲ | $52 | +3.37 | $49 |
| Tang. Book Value ($M) | ▲ | $44 | +3.43 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +3.40 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 93.16% | +0.13 | 93.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -1.22 | 1.46% |
| Allowance / Loans (%) | — | 1.14% | 0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -1.54 | 1.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.29 | 12.29% |
Noninterest income ($0.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▂▄▅█ | Net Interest Margin (%) | 2.67% | 2.72% | 2.76% | 2.74% | 2.78% | 2.85% | 2.92% | 3.10% |
| ▄▆▇▁▂▅█▅ | Return on Assets (%) | 0.26% | 0.31% | 0.32% | 0.18% | 0.22% | 0.29% | 0.36% | 0.29% |
| ▄▂▂█▇▃▁▄ | Efficiency Ratio (%) | 92.1% | 90.6% | 90.5% | 95.8% | 94.3% | 91.7% | 89.7% | 92.2% |
| ██▇▅▅▅▄▁ | Cost of Funds (%) | 2.48% | 2.51% | 2.47% | 2.35% | 2.38% | 2.34% | 2.33% | 2.17% |
| ▁▇██▂▁▁▁ | NPA / Assets (%) | 0.29% | 1.22% | 1.52% | 1.46% | 0.38% | 0.30% | 0.21% | 0.24% |
| ▁▇██▁▁▁▁ | Net Charge-Off Ratio (%) | 0.38% | 1.60% | 2.01% | 1.87% | 0.42% | 0.29% | 0.22% | 0.33% |
| ▁▅▂▂▃▆█▇ | Tang. Book Value ($M) | $40 | $43 | $41 | $41 | $41 | $44 | $46 | $44 |
| ██▇▄▄▄▄▁ | Gross Loans ($M) | $481 | $483 | $471 | $456 | $451 | $453 | $454 | $432 |
| ▃▄▃▇██▇▁ | Total Deposits ($M) | $469 | $474 | $470 | $484 | $492 | $492 | $488 | $458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 24% |