Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.13 | 0.51% |
| Return on Equity (%) | ▲ | 5.32% | +0.99 | 4.33% |
| Net Interest Margin (%) | ▼ | 5.49% | -0.23 | 5.72% |
| Efficiency Ratio (%) | ▲ | 84.34% | -1.33 | 85.67% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.03 | $0 |
| Cost of Funds (%) | ▲ | 0.01% | -0.00 | 0.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $187 | +9.93 | $178 |
| Gross Loans ($M) | ▼ | $93 | -4.52 | $97 |
| Loan Growth YoY (%) | ▼ | 56.31% | -6.06 | 62.37% |
| Total Deposits ($M) | ▲ | $163 | +8.95 | $154 |
| Shareholders Equity ($M) | ▲ | $22 | +1.07 | $21 |
| Tang. Book Value ($M) | ▲ | $21 | +1.17 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.90 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 56.31% | -6.06 | 62.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.36% | -1.38 | 2.74% |
| Allowance / Loans (%) | — | 1.05% | -0.17% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 2.74% | -2.26 | 5.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.83% | +2.45 | 24.37% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▃▇█▁ | Net Interest Margin (%) | 5.97% | 5.93% | 5.88% | 5.72% | 5.66% | 5.89% | 5.94% | 5.49% |
| ▃▂▁▁▃██▄ | Return on Assets (%) | 0.59% | 0.55% | 0.49% | 0.51% | 0.60% | 0.78% | 0.77% | 0.63% |
| ▆▇█▇▅▁▂▅ | Efficiency Ratio (%) | 84.7% | 85.8% | 86.6% | 85.7% | 84.0% | 81.0% | 82.1% | 84.3% |
| ▅▅█▅▁▁▅▁ | Cost of Funds (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▅▄▄█▇▄▁▁ | NPA / Assets (%) | 2.09% | 1.98% | 2.05% | 2.74% | 2.51% | 1.91% | 1.51% | 1.36% |
| ▄▄▄█▇▃▁▁ | Net Charge-Off Ratio (%) | 3.85% | 3.72% | 3.82% | 5.00% | 4.70% | 3.56% | 2.99% | 2.74% |
| ▁▁▁▃▄▅▇█ | Tang. Book Value ($M) | $20 | $20 | $20 | $20 | $20 | $21 | $21 | $21 |
| ▆▄▆█▇▃▁▄ | Gross Loans ($M) | $95 | $94 | $95 | $97 | $96 | $92 | $90 | $93 |
| ▂▃▃▃▄▁▃█ | Total Deposits ($M) | $152 | $154 | $154 | $154 | $156 | $149 | $154 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 10% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 15% |