Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.18% | -0.00 | 1.19% |
| Return on Equity (%) | ▼ | 20.56% | -8.29 | 28.85% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.08 | 3.65% |
| Efficiency Ratio (%) | ▼ | 61.22% | +0.27 | 60.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▼ | 1.12% | +0.02 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $386 | +26.89 | $359 |
| Gross Loans ($M) | ▼ | $136 | -1.75 | $138 |
| Loan Growth YoY (%) | ▼ | 37.48% | -2.70 | 40.18% |
| Total Deposits ($M) | ▲ | $357 | +20.33 | $337 |
| Shareholders Equity ($M) | ▲ | $21 | +5.23 | $16 |
| Tang. Book Value ($M) | ▲ | $21 | +5.23 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +6.23 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 37.48% | -2.70 | 40.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.46% | -0.19% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.46% | +0.60 | 18.86% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▇█▆█▇▁ | Net Interest Margin (%) | 3.62% | 3.65% | 3.64% | 3.65% | 3.62% | 3.64% | 3.64% | 3.57% |
| ▃▇█▄▁▄▇▃ | Return on Assets (%) | 1.19% | 1.21% | 1.22% | 1.19% | 1.17% | 1.19% | 1.21% | 1.18% |
| ▇▃▁▅█▆▅▇ | Efficiency Ratio (%) | 61.2% | 60.7% | 60.3% | 60.9% | 61.5% | 61.0% | 61.0% | 61.2% |
| ▁▅▄▁▅█▄▂ | Cost of Funds (%) | 1.10% | 1.16% | 1.14% | 1.10% | 1.17% | 1.21% | 1.15% | 1.12% |
| ▁▁▁▁▁█▂▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.01% | 0.02% |
| ▁▁▁▁▁█▂▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.02% | 0.04% |
| ▁▆▁▃▄▇██ | Tang. Book Value ($M) | $13 | $19 | $13 | $16 | $16 | $20 | $21 | $21 |
| ▁▄▅█▃▃▅▇ | Gross Loans ($M) | $125 | $131 | $132 | $138 | $128 | $128 | $133 | $136 |
| ▁▁▂▅▄▃▄█ | Total Deposits ($M) | $314 | $318 | $321 | $337 | $331 | $329 | $335 | $357 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 25% |
| Consumer | 4% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 17% |