Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.15 | 0.81% |
| Return on Equity (%) | ▼ | 6.86% | -3.98 | 10.84% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.40 | 3.08% |
| Efficiency Ratio (%) | ▲ | 48.00% | -18.16 | 66.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.94 | $2 |
| Cost of Funds (%) | ▲ | 0.78% | -0.12 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $641 | +0.51 | $640 |
| Gross Loans ($M) | ▲ | $327 | +6.62 | $321 |
| Loan Growth YoY (%) | ▲ | 64.78% | +3.15 | 61.64% |
| Total Deposits ($M) | ▼ | $498 | -15.35 | $513 |
| Shareholders Equity ($M) | ▲ | $63 | +12.58 | $50 |
| Tang. Book Value ($M) | ▲ | $63 | +12.58 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +11.45 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 64.78% | +3.15 | 61.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.48% | 0.10% | 1.38% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.93% | 2.93% | 2.95% | 3.08% | 3.11% | 3.17% | 3.24% | 3.48% |
| ▃▂▁█▁▆▃▃ | Return on Assets (%) | 0.66% | 0.64% | 0.61% | 0.81% | 0.59% | 0.73% | 0.66% | 0.66% |
| ███▇▇▆▆▁ | Efficiency Ratio (%) | 70.0% | 70.0% | 69.4% | 66.2% | 66.5% | 64.1% | 62.1% | 48.0% |
| ██▇▆▆█▅▁ | Cost of Funds (%) | 0.95% | 0.94% | 0.93% | 0.90% | 0.90% | 0.95% | 0.87% | 0.78% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $42 | $50 | $46 | $50 | $53 | $57 | $61 | $63 |
| ▁▃▄▆▇███ | Gross Loans ($M) | $301 | $310 | $312 | $321 | $323 | $327 | $326 | $327 |
| ▅▄█▆▆▄▃▁ | Total Deposits ($M) | $511 | $508 | $521 | $513 | $514 | $509 | $506 | $498 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 9% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |