Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.15 | 0.66% |
| Return on Equity (%) | — | 6.10% | 0.00 | 6.10% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.42 | 2.94% |
| Efficiency Ratio (%) | ▲ | 74.34% | -1.51 | 75.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.16 | $2 |
| Cost of Funds (%) | ▼ | 0.94% | +0.06 | 0.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $788 | -78.35 | $866 |
| Gross Loans ($M) | ▲ | $269 | +37.17 | $232 |
| Loan Growth YoY (%) | ▲ | 39.87% | +9.47 | 30.40% |
| Total Deposits ($M) | ▼ | $666 | -85.78 | $752 |
| Shareholders Equity ($M) | ▲ | $101 | +6.92 | $94 |
| Tang. Book Value ($M) | ▲ | $100 | +6.98 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +3.22 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 39.87% | +9.47 | 30.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.01 | 0.06% |
| Allowance / Loans (%) | — | 1.15% | -0.13% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.02 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▄▃▂▃▁▁█ | Net Interest Margin (%) | 3.18% | 3.06% | 3.03% | 2.94% | 3.00% | 2.88% | 2.85% | 3.36% |
| ▂█▇▁▁▁▁▁ | Return on Assets (%) | 1.18% | 3.23% | 2.62% | 0.66% | 0.68% | 0.57% | 0.53% | 0.81% |
| ▁▃▃▆▆██▅ | Efficiency Ratio (%) | 65.8% | 70.4% | 71.4% | 75.8% | 76.6% | 79.9% | 81.2% | 74.3% |
| █▇▃▁▄▇▄▂ | Cost of Funds (%) | 1.32% | 1.25% | 0.99% | 0.87% | 1.05% | 1.23% | 1.06% | 0.94% |
| ▁▁▁▁▄█▃▂ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.06% | 0.08% | 0.12% | 0.07% | 0.07% |
| ▁▁▁▂▄█▂▁ | Net Charge-Off Ratio (%) | 0.19% | 0.18% | 0.18% | 0.22% | 0.25% | 0.35% | 0.20% | 0.19% |
| ▁▇▅▆▇███ | Tang. Book Value ($M) | $72 | $94 | $89 | $93 | $95 | $99 | $99 | $100 |
| ▂▂▁▁▄▅▇█ | Gross Loans ($M) | $239 | $239 | $234 | $232 | $248 | $253 | $264 | $269 |
| ▄▄▇█▃▂▁▄ | Total Deposits ($M) | $676 | $667 | $721 | $752 | $645 | $638 | $605 | $666 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |