Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.14 | 0.24% |
| Return on Equity (%) | ▲ | 3.10% | +1.07 | 2.03% |
| Net Interest Margin (%) | ▲ | 3.01% | +0.20 | 2.81% |
| Efficiency Ratio (%) | ▲ | 85.24% | -5.50 | 90.74% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.13 | $0 |
| Cost of Funds (%) | ▼ | 1.18% | +0.03 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $243 | +10.51 | $232 |
| Gross Loans ($M) | ▲ | $153 | +2.87 | $151 |
| Loan Growth YoY (%) | ▼ | 74.12% | -2.02 | 76.13% |
| Total Deposits ($M) | ▲ | $207 | +9.38 | $197 |
| Shareholders Equity ($M) | ▲ | $30 | +1.85 | $28 |
| Tang. Book Value ($M) | ▲ | $29 | +1.91 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.26 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 74.12% | -2.02 | 76.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.00 | 0.31% |
| Allowance / Loans (%) | — | 0.14% | -0.07% | 0.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.01 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▆▇▇█ | Net Interest Margin (%) | 2.75% | 2.76% | 2.78% | 2.81% | 2.92% | 2.96% | 2.97% | 3.01% |
| ▁▁▁▁▇██▇ | Return on Assets (%) | 0.24% | 0.25% | 0.23% | 0.24% | 0.38% | 0.42% | 0.40% | 0.39% |
| █▇██▂▁▁▃ | Efficiency Ratio (%) | 90.1% | 89.8% | 90.7% | 90.7% | 84.8% | 83.3% | 84.0% | 85.2% |
| ▁▆▇▄▆██▆ | Cost of Funds (%) | 1.08% | 1.20% | 1.21% | 1.14% | 1.18% | 1.22% | 1.24% | 1.18% |
| █▄▂▁▁▁▁▁ | NPA / Assets (%) | 0.59% | 0.42% | 0.35% | 0.31% | 0.29% | 0.28% | 0.30% | 0.31% |
| █▂▂▁▁▁▁▂ | Net Charge-Off Ratio (%) | 0.79% | 0.52% | 0.52% | 0.47% | 0.45% | 0.44% | 0.47% | 0.48% |
| ▁▄▁▂▃▇█▇ | Tang. Book Value ($M) | $27 | $28 | $27 | $28 | $28 | $29 | $30 | $29 |
| ▁▃▄▄▆▆██ | Gross Loans ($M) | $148 | $150 | $151 | $151 | $152 | $152 | $153 | $153 |
| ▁▁▂▅▆▆▅█ | Total Deposits ($M) | $189 | $187 | $192 | $197 | $199 | $200 | $199 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |