Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.38% | -0.15 | 1.53% |
| Return on Equity (%) | ▼ | 7.29% | -1.31 | 8.60% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.11 | 4.41% |
| Efficiency Ratio (%) | ▼ | 64.88% | +3.96 | 60.92% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.17 | $2 |
| Cost of Funds (%) | ▲ | 0.46% | -0.24 | 0.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $341 | +5.06 | $336 |
| Gross Loans ($M) | ▼ | $266 | -4.90 | $270 |
| Loan Growth YoY (%) | ▼ | 96.44% | -12.49 | 108.93% |
| Total Deposits ($M) | ▲ | $272 | +26.67 | $246 |
| Shareholders Equity ($M) | ▲ | $66 | +4.21 | $62 |
| Tang. Book Value ($M) | ▲ | $66 | +4.21 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +4.13 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 96.44% | -12.49 | 108.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.07% | 0.04% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▃▆▅█ | Net Interest Margin (%) | 4.30% | 4.35% | 4.40% | 4.41% | 4.37% | 4.45% | 4.44% | 4.52% |
| ▆█▇▃▃▃▁▂ | Return on Assets (%) | 1.78% | 2.00% | 1.90% | 1.53% | 1.48% | 1.49% | 1.27% | 1.38% |
| ▁▁▁▅▅▆█▇ | Efficiency Ratio (%) | 53.6% | 53.5% | 55.1% | 60.9% | 61.4% | 62.6% | 67.5% | 64.9% |
| █▆▂▆█▂▁▁ | Cost of Funds (%) | 0.84% | 0.70% | 0.53% | 0.70% | 0.82% | 0.53% | 0.48% | 0.46% |
| ▁▂▁▁▁▁█▁ | NPA / Assets (%) | 0.03% | 0.13% | 0.02% | 0.03% | 0.04% | 0.01% | 0.53% | 0.04% |
| ▁▂▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.03% | 0.16% | 0.03% | 0.03% | 0.04% | 0.01% | 0.70% | 0.05% |
| ▁▂▄▅▆▇▇█ | Tang. Book Value ($M) | $57 | $59 | $61 | $62 | $63 | $65 | $65 | $66 |
| ▁▄▇▇▃▂█▂ | Gross Loans ($M) | $263 | $267 | $270 | $270 | $266 | $265 | $272 | $266 |
| ▁▄▇▁▃▃█▆ | Total Deposits ($M) | $243 | $260 | $277 | $246 | $255 | $257 | $286 | $272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 76% |
| Interest-Bearing (core) | 20% |
| Brokered / Other | 4% |