Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.14 | 0.86% |
| Return on Equity (%) | ▲ | 9.21% | +1.39 | 7.82% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.02 | 4.10% |
| Efficiency Ratio (%) | ▲ | 70.71% | -4.67 | 75.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $0 |
| Cost of Funds (%) | ▲ | 1.44% | -0.00 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $164 | +24.64 | $140 |
| Gross Loans ($M) | ▲ | $110 | +20.44 | $90 |
| Loan Growth YoY (%) | ▲ | 75.36% | +2.75 | 72.61% |
| Total Deposits ($M) | ▲ | $145 | +22.64 | $122 |
| Shareholders Equity ($M) | ▲ | $17 | +1.84 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +1.84 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.73 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 75.36% | +2.75 | 72.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.51 | 0.09% |
| Allowance / Loans (%) | — | 1.04% | -0.22% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.75 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.08% | -2.37 | 22.45% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇██▅ | Net Interest Margin (%) | 3.98% | 4.04% | 4.06% | 4.10% | 4.12% | 4.16% | 4.14% | 4.07% |
| ▆▇▅▃▃▁▂█ | Return on Assets (%) | 0.93% | 0.96% | 0.92% | 0.86% | 0.85% | 0.80% | 0.83% | 0.99% |
| ▄▃▅▆▆█▇▁ | Efficiency Ratio (%) | 73.5% | 73.0% | 74.3% | 75.4% | 75.8% | 77.6% | 76.5% | 70.7% |
| ▁▆▇▃▃▅█▃ | Cost of Funds (%) | 1.38% | 1.50% | 1.52% | 1.44% | 1.43% | 1.48% | 1.55% | 1.44% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.08% | 0.05% | 0.03% | 0.09% | 0.07% | 0.07% | 0.06% | 0.59% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.14% | 0.08% | 0.04% | 0.14% | 0.11% | 0.10% | 0.09% | 0.88% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $14 | $15 | $15 | $15 | $16 | $17 | $17 | $17 |
| ▁▁▁▃▃▅▇█ | Gross Loans ($M) | $83 | $85 | $86 | $90 | $92 | $97 | $104 | $110 |
| ▃▁▁▂▃▃▅█ | Total Deposits ($M) | $126 | $121 | $119 | $122 | $128 | $127 | $134 | $145 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 14% |