Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.31 | 1.61% |
| Return on Equity (%) | ▲ | 17.66% | +2.15 | 15.51% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.19 | 4.08% |
| Efficiency Ratio (%) | ▲ | 57.51% | -3.12 | 60.62% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.07 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $459 | +26.52 | $433 |
| Gross Loans ($M) | ▲ | $325 | +19.39 | $306 |
| Loan Growth YoY (%) | ▼ | 80.31% | -0.17 | 80.48% |
| Total Deposits ($M) | ▲ | $399 | +24.61 | $375 |
| Shareholders Equity ($M) | ▲ | $50 | +4.44 | $45 |
| Tang. Book Value ($M) | ▲ | $50 | +4.44 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +4.49 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 80.31% | -0.17 | 80.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.99% | -0.49 | 1.48% |
| Allowance / Loans (%) | — | 1.44% | -0.00% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 1.36% | -0.56 | 1.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▄▇██ | Net Interest Margin (%) | 4.29% | 4.25% | 4.25% | 4.08% | 4.17% | 4.25% | 4.29% | 4.27% |
| ▅▄▅▁▂▅▇█ | Return on Assets (%) | 1.79% | 1.73% | 1.77% | 1.61% | 1.67% | 1.78% | 1.84% | 1.91% |
| ▁▃▃█▇▄▃▁ | Efficiency Ratio (%) | 57.6% | 58.6% | 58.5% | 60.6% | 60.0% | 58.8% | 58.5% | 57.5% |
| ▁▆▇▇██▇▆ | Cost of Funds (%) | 1.32% | 1.61% | 1.65% | 1.64% | 1.66% | 1.71% | 1.65% | 1.57% |
| ██▆█▅▁▃▁ | NPA / Assets (%) | 1.46% | 1.44% | 1.30% | 1.48% | 1.23% | 0.97% | 1.10% | 0.99% |
| █▇▄█▄▁▃▁ | Net Charge-Off Ratio (%) | 1.96% | 1.84% | 1.63% | 1.91% | 1.61% | 1.33% | 1.51% | 1.36% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $41 | $44 | $44 | $45 | $47 | $48 | $49 | $50 |
| ▁▃▅▅▆▇▇█ | Gross Loans ($M) | $283 | $295 | $305 | $306 | $311 | $316 | $319 | $325 |
| ▁▂▃▄▆▇██ | Total Deposits ($M) | $352 | $363 | $367 | $375 | $387 | $389 | $394 | $399 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |