Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.18 | 0.67% |
| Return on Equity (%) | ▲ | 9.45% | +0.72 | 8.73% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.36 | 3.13% |
| Efficiency Ratio (%) | ▲ | 70.11% | -3.10 | 73.21% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $0 |
| Cost of Funds (%) | ▲ | 1.40% | -0.10 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $188 | +1.84 | $186 |
| Gross Loans ($M) | ▲ | $120 | +7.31 | $113 |
| Loan Growth YoY (%) | ▲ | 69.94% | +4.56 | 65.39% |
| Total Deposits ($M) | ▼ | $170 | -0.78 | $171 |
| Shareholders Equity ($M) | ▲ | $17 | +2.36 | $14 |
| Tang. Book Value ($M) | ▲ | $16 | +2.37 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.20 | $16 |
| Loan / Deposit Ratio (%) | ▲ | 69.94% | +4.56 | 65.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.54 | 0.15% |
| Allowance / Loans (%) | — | 1.10% | -0.01% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.88 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.61% | +0.32 | 15.29% |
Noninterest income ($0.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 2.74% | 2.79% | 2.87% | 3.13% | 3.17% | 3.23% | 3.29% | 3.50% |
| ▁▁▂▄▅▅▆█ | Return on Assets (%) | 0.51% | 0.53% | 0.59% | 0.67% | 0.69% | 0.70% | 0.74% | 0.85% |
| ██▆▃▃▂▂▁ | Efficiency Ratio (%) | 78.6% | 77.7% | 76.3% | 73.2% | 72.7% | 71.7% | 71.5% | 70.1% |
| ██▆▃▄▄▂▁ | Cost of Funds (%) | 1.80% | 1.78% | 1.69% | 1.51% | 1.59% | 1.58% | 1.50% | 1.40% |
| ▁▁▅▁████ | NPA / Assets (%) | 0.13% | 0.17% | 0.44% | 0.15% | 0.74% | 0.70% | 0.72% | 0.68% |
| ▁▁▅▁████ | Net Charge-Off Ratio (%) | 0.00% | 0.07% | 0.49% | 0.00% | 0.94% | 0.92% | 0.92% | 0.88% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $11 | $13 | $12 | $13 | $14 | $15 | $15 | $16 |
| ▁▂▁▂▄▆▆█ | Gross Loans ($M) | $111 | $112 | $111 | $113 | $115 | $117 | $117 | $120 |
| ▂▃▁█▅▆▃█ | Total Deposits ($M) | $163 | $164 | $162 | $171 | $167 | $169 | $165 | $170 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |