Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.83% | -0.72 | 3.55% |
| Return on Equity (%) | ▼ | 17.50% | -5.38 | 22.88% |
| Net Interest Margin (%) | ▼ | 4.12% | -0.72 | 4.83% |
| Efficiency Ratio (%) | ▼ | 40.27% | +4.97 | 35.30% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.56 | $2 |
| Cost of Funds (%) | ▼ | 0.05% | +0.04 | 0.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $258 | -19.02 | $277 |
| Gross Loans ($M) | ▼ | $55 | -2.71 | $58 |
| Loan Growth YoY (%) | ▲ | 25.58% | +0.94 | 24.64% |
| Total Deposits ($M) | ▼ | $214 | -19.08 | $233 |
| Shareholders Equity ($M) | ▲ | $43 | +0.19 | $43 |
| Tang. Book Value ($M) | ▲ | $43 | +0.19 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 25.58% | +0.94 | 24.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.56% | -0.03% | 0.59% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 72.18% | -0.71 | 72.89% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▄▁ | Net Interest Margin (%) | 5.81% | 5.75% | 5.70% | 4.83% | 4.86% | 4.85% | 4.84% | 4.12% |
| ███▇██▁▆ | Return on Assets (%) | 4.06% | 4.10% | 4.06% | 3.55% | 3.81% | 3.73% | 0.27% | 2.83% |
| ▂▁▁▁▁▁█▂ | Efficiency Ratio (%) | 38.8% | 36.9% | 36.4% | 35.3% | 30.4% | 31.6% | 95.5% | 40.3% |
| ▁▁▁▁▁▁▁█ | Cost of Funds (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▅█▁▃▆█▁▃ | Tang. Book Value ($M) | $44 | $47 | $40 | $43 | $46 | $48 | $41 | $43 |
| ▃▁██▅▄▆▅ | Gross Loans ($M) | $53 | $51 | $58 | $58 | $55 | $54 | $55 | $55 |
| ▁█▆██▆▇▆ | Total Deposits ($M) | $173 | $230 | $218 | $233 | $228 | $218 | $221 | $214 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 64% |