Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.19 | 1.71% |
| Return on Equity (%) | ▲ | 18.77% | +0.86 | 17.91% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.09 | 4.62% |
| Efficiency Ratio (%) | ▲ | 61.21% | -4.00 | 65.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▼ | 0.95% | +0.10 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $309 | +30.64 | $278 |
| Gross Loans ($M) | ▲ | $153 | +5.79 | $147 |
| Loan Growth YoY (%) | ▼ | 57.18% | -0.72 | 57.90% |
| Total Deposits ($M) | ▲ | $264 | +13.35 | $251 |
| Shareholders Equity ($M) | ▲ | $31 | +3.71 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +3.71 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +4.75 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 57.18% | -0.72 | 57.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.44 | 0.48% |
| Allowance / Loans (%) | — | 1.33% | -0.07% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.83 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▁▃▄▆ | Net Interest Margin (%) | 4.81% | 4.83% | 4.77% | 4.62% | 4.45% | 4.57% | 4.60% | 4.70% |
| ▁▃▅▃▂▆▆█ | Return on Assets (%) | 1.62% | 1.72% | 1.79% | 1.71% | 1.68% | 1.83% | 1.83% | 1.90% |
| █▇▆▅▄▂▂▁ | Efficiency Ratio (%) | 68.3% | 66.9% | 66.0% | 65.2% | 64.4% | 62.5% | 62.8% | 61.2% |
| ▁▄▂▅▁▅██ | Cost of Funds (%) | 0.74% | 0.83% | 0.77% | 0.85% | 0.73% | 0.87% | 0.96% | 0.95% |
| ▁███▆▆▁▁ | NPA / Assets (%) | 0.08% | 0.53% | 0.48% | 0.48% | 0.35% | 0.39% | 0.06% | 0.04% |
| ▁▇▇█▇▇▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.74% | 0.73% | 0.85% | 0.72% | 0.67% | 0.05% | 0.02% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $24 | $27 | $26 | $27 | $28 | $30 | $31 | $31 |
| ▂▁▃▁▂▅█▆ | Gross Loans ($M) | $148 | $147 | $150 | $147 | $149 | $152 | $156 | $153 |
| ▁▁▂▃█▂▃▄ | Total Deposits ($M) | $233 | $228 | $244 | $251 | $302 | $241 | $250 | $264 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |