Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.06 | 0.87% |
| Return on Equity (%) | ▼ | 8.40% | -0.87 | 9.27% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.01 | 4.06% |
| Efficiency Ratio (%) | ▼ | 70.67% | +6.05 | 64.62% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.25 | $2 |
| Cost of Funds (%) | ▲ | 1.86% | -0.25 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $413 | +16.09 | $397 |
| Gross Loans ($M) | ▼ | $333 | -2.40 | $335 |
| Loan Growth YoY (%) | ▼ | 91.08% | -4.30 | 95.38% |
| Total Deposits ($M) | ▲ | $361 | +13.81 | $348 |
| Shareholders Equity ($M) | ▲ | $39 | +2.23 | $37 |
| Tang. Book Value ($M) | ▲ | $39 | +2.23 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 91.08% | -4.30 | 95.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.15 | 0.23% |
| Allowance / Loans (%) | — | 1.07% | -0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.13 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.60% | +0.81 | 11.79% |
Noninterest income ($0.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▇ | Net Interest Margin (%) | 3.64% | 3.68% | 3.76% | 4.06% | 4.11% | 4.14% | 4.14% | 4.06% |
| ▁▃▇▇███▅ | Return on Assets (%) | 0.66% | 0.74% | 0.86% | 0.87% | 0.89% | 0.92% | 0.92% | 0.81% |
| █▇▄▂▁▁▁▇ | Efficiency Ratio (%) | 72.8% | 71.1% | 67.7% | 64.6% | 63.7% | 63.4% | 63.3% | 70.7% |
| ▇█▆▄▄▃▃▁ | Cost of Funds (%) | 2.33% | 2.45% | 2.27% | 2.11% | 2.09% | 2.06% | 2.08% | 1.86% |
| ▄▃▃█▄▄▂▁ | NPA / Assets (%) | 0.15% | 0.14% | 0.12% | 0.23% | 0.15% | 0.15% | 0.12% | 0.08% |
| ▂▂▁█▄▄▂▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.08% | 0.21% | 0.13% | 0.14% | 0.11% | 0.08% |
| ▁▁▃▄▆▆██ | Tang. Book Value ($M) | $36 | $36 | $37 | $37 | $38 | $38 | $39 | $39 |
| ▂▁▁▇▇█▆▅ | Gross Loans ($M) | $330 | $327 | $328 | $335 | $335 | $337 | $334 | $333 |
| ▁▃▂▁▁▅▄█ | Total Deposits ($M) | $346 | $350 | $349 | $348 | $347 | $354 | $353 | $361 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 5% |
| Consumer | 47% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |