Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.16% | -0.00 | 0.16% |
| Return on Equity (%) | ▼ | 1.55% | -0.13 | 1.68% |
| Net Interest Margin (%) | ▲ | 2.16% | +0.29 | 1.88% |
| Efficiency Ratio (%) | ▼ | 93.42% | +2.22 | 91.20% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.06 | $0 |
| Cost of Funds (%) | ▲ | 2.04% | -0.14 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $752 | -3.17 | $756 |
| Gross Loans ($M) | ▲ | $477 | +30.51 | $447 |
| Loan Growth YoY (%) | ▲ | 73.25% | +3.96 | 69.29% |
| Total Deposits ($M) | ▲ | $648 | +7.40 | $641 |
| Shareholders Equity ($M) | ▲ | $75 | +4.51 | $71 |
| Tang. Book Value ($M) | ▲ | $75 | +4.53 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +3.44 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 73.25% | +3.96 | 69.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.03 | 0.17% |
| Allowance / Loans (%) | — | 0.48% | -0.10% | 0.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.07 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.07% | -0.95 | 21.02% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▁▄▄█ | Net Interest Margin (%) | 1.91% | 1.88% | 1.88% | 1.88% | 1.91% | 1.99% | 2.01% | 2.16% |
| ▁▁▂▆██▇▅ | Return on Assets (%) | 0.04% | 0.05% | 0.07% | 0.16% | 0.23% | 0.22% | 0.20% | 0.16% |
| █▇█▂▁▁▂▃ | Efficiency Ratio (%) | 102.1% | 99.8% | 101.1% | 91.2% | 88.2% | 89.3% | 91.4% | 93.4% |
| ▁▁▇▄▆█▄▂ | Cost of Funds (%) | 1.96% | 2.01% | 2.34% | 2.18% | 2.29% | 2.42% | 2.15% | 2.04% |
| ▁▃▃▅▂█▆▂ | NPA / Assets (%) | 0.11% | 0.14% | 0.14% | 0.17% | 0.13% | 0.21% | 0.18% | 0.13% |
| ▁▃▃▆▃█▆▂ | Net Charge-Off Ratio (%) | 0.16% | 0.22% | 0.22% | 0.27% | 0.22% | 0.33% | 0.27% | 0.20% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $67 | $71 | $68 | $71 | $72 | $74 | $75 | $75 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $418 | $426 | $438 | $447 | $451 | $455 | $469 | $477 |
| ▁▂▃▅█▅▄▅ | Total Deposits ($M) | $559 | $587 | $608 | $641 | $717 | $646 | $637 | $648 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 31% |