Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.37 | 0.52% |
| Return on Equity (%) | ▲ | 6.20% | +2.56 | 3.64% |
| Net Interest Margin (%) | ▲ | 2.37% | +0.05 | 2.32% |
| Efficiency Ratio (%) | ▲ | 60.04% | -12.92 | 72.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $0 |
| Cost of Funds (%) | ▼ | 1.93% | +0.00 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $265 | +21.04 | $244 |
| Gross Loans ($M) | ▲ | $211 | +25.35 | $185 |
| Loan Growth YoY (%) | ▲ | 90.43% | +4.49 | 85.94% |
| Total Deposits ($M) | ▲ | $226 | +17.70 | $208 |
| Shareholders Equity ($M) | ▲ | $38 | +2.90 | $35 |
| Tang. Book Value ($M) | ▲ | $38 | +2.72 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +2.68 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 90.43% | +4.49 | 85.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.02 | 0.66% |
| Allowance / Loans (%) | — | 3.12% | -0.43% | 3.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.01 | 0.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇█▇▇▇ | Net Interest Margin (%) | 1.62% | 1.78% | 1.96% | 2.32% | 2.48% | 2.33% | 2.37% | 2.37% |
| ▁▂▃▅▇▆▇█ | Return on Assets (%) | 0.04% | 0.16% | 0.27% | 0.52% | 0.68% | 0.66% | 0.77% | 0.89% |
| █▇▅▃▂▂▁▁ | Efficiency Ratio (%) | 100.1% | 91.2% | 85.1% | 73.0% | 68.0% | 68.3% | 64.9% | 60.0% |
| ██▄▁▁▅▃▁ | Cost of Funds (%) | 2.37% | 2.32% | 2.12% | 1.93% | 1.89% | 2.17% | 2.05% | 1.93% |
| ▇▁▇█▆▅▄█ | NPA / Assets (%) | 0.64% | 0.51% | 0.66% | 0.66% | 0.62% | 0.61% | 0.59% | 0.68% |
| ▆▁▇█▆▆▄█ | Net Charge-Off Ratio (%) | 0.82% | 0.66% | 0.84% | 0.87% | 0.79% | 0.81% | 0.77% | 0.86% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $34 | $35 | $34 | $35 | $36 | $37 | $38 | $38 |
| ▂▁▂▁▄▃▇█ | Gross Loans ($M) | $190 | $186 | $191 | $185 | $197 | $193 | $206 | $211 |
| ▁▁▂▂▄▆██ | Total Deposits ($M) | $207 | $204 | $208 | $208 | $214 | $221 | $228 | $226 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 13% |