Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.17 | 0.31% |
| Return on Equity (%) | ▲ | 4.41% | +1.42 | 2.99% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.08 | 2.63% |
| Efficiency Ratio (%) | ▲ | 81.04% | -3.19 | 84.23% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 2.03% | -0.00 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $595 | +8.96 | $586 |
| Gross Loans ($M) | ▼ | $432 | -1.40 | $434 |
| Loan Growth YoY (%) | ▼ | 106.14% | -1.75 | 107.89% |
| Total Deposits ($M) | ▲ | $403 | +5.00 | $398 |
| Shareholders Equity ($M) | ▲ | $65 | +4.15 | $61 |
| Tang. Book Value ($M) | ▲ | $64 | +4.27 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +3.55 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 106.14% | -1.75 | 107.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.05 | 0.26% |
| Allowance / Loans (%) | — | 1.10% | 0.06% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.07 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.66% | +0.51 | 14.15% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆███ | Net Interest Margin (%) | 2.37% | 2.34% | 2.40% | 2.63% | 2.64% | 2.71% | 2.75% | 2.71% |
| ▁▁▂▆▇███ | Return on Assets (%) | -0.02% | 0.02% | 0.09% | 0.31% | 0.40% | 0.45% | 0.49% | 0.48% |
| ██▇▂▂▁▁▁ | Efficiency Ratio (%) | 99.3% | 98.7% | 95.5% | 84.2% | 82.8% | 80.2% | 79.2% | 81.0% |
| █▇▂▁▁▃▅▁ | Cost of Funds (%) | 2.20% | 2.17% | 2.06% | 2.03% | 2.05% | 2.08% | 2.13% | 2.03% |
| ▁▂█▇▅▄▄▄ | NPA / Assets (%) | 0.14% | 0.17% | 0.30% | 0.26% | 0.23% | 0.22% | 0.21% | 0.21% |
| ▁▂█▇▅▄▄▄ | Net Charge-Off Ratio (%) | 0.19% | 0.23% | 0.40% | 0.36% | 0.32% | 0.30% | 0.28% | 0.29% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $57 | $59 | $58 | $59 | $60 | $62 | $63 | $64 |
| ▁▁▃▆███▆ | Gross Loans ($M) | $404 | $402 | $419 | $434 | $449 | $449 | $445 | $432 |
| ▅▅▃▁▇█▃▂ | Total Deposits ($M) | $412 | $411 | $406 | $398 | $420 | $423 | $405 | $403 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |