Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.37 | 0.55% |
| Return on Equity (%) | ▲ | 5.96% | +2.10 | 3.86% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.69 | 3.27% |
| Efficiency Ratio (%) | ▲ | 73.11% | -8.50 | 81.61% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $0 |
| Cost of Funds (%) | ▲ | 1.57% | -0.35 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $213 | -1.08 | $214 |
| Gross Loans ($M) | ▼ | $186 | -1.26 | $187 |
| Loan Growth YoY (%) | ▼ | 106.03% | -7.72 | 113.75% |
| Total Deposits ($M) | ▲ | $174 | +10.70 | $163 |
| Shareholders Equity ($M) | ▲ | $33 | +2.25 | $31 |
| Tang. Book Value ($M) | ▲ | $32 | +2.26 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 106.03% | -7.72 | 113.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.03 | 0.57% |
| Allowance / Loans (%) | — | 0.80% | 0.00% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.62% | -0.03 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.33% | +1.15 | 20.17% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.97% | 3.05% | 3.12% | 3.27% | 3.43% | 3.57% | 3.68% | 3.96% |
| ▁▃▃▃▅▇██ | Return on Assets (%) | 0.41% | 0.54% | 0.58% | 0.55% | 0.68% | 0.85% | 0.89% | 0.92% |
| █▇▆▇▄▂▁▁ | Efficiency Ratio (%) | 83.8% | 81.2% | 80.0% | 81.6% | 77.9% | 74.5% | 73.6% | 73.1% |
| ██▆▆▄▂▁▁ | Cost of Funds (%) | 2.02% | 2.06% | 1.93% | 1.93% | 1.81% | 1.68% | 1.62% | 1.57% |
| ▅▅██▁▇█▆ | NPA / Assets (%) | 0.51% | 0.51% | 0.58% | 0.57% | 0.44% | 0.56% | 0.56% | 0.54% |
| ▄▄██▁█▇▆ | Net Charge-Off Ratio (%) | 0.58% | 0.58% | 0.65% | 0.65% | 0.52% | 0.65% | 0.64% | 0.62% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $29 | $29 | $29 | $30 | $30 | $31 | $32 | $32 |
| ▄▄█▃▂▁▇▁ | Gross Loans ($M) | $187 | $187 | $190 | $187 | $186 | $186 | $189 | $186 |
| ▁▂▃▃▇███ | Total Deposits ($M) | $158 | $162 | $163 | $163 | $171 | $173 | $173 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |