Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.63% | -0.20 | 1.84% |
| Return on Equity (%) | ▼ | 9.78% | -1.06 | 10.84% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.30 | 3.65% |
| Efficiency Ratio (%) | ▼ | 63.29% | +6.05 | 57.24% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 2.01% | -0.41 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $126 | +4.39 | $122 |
| Gross Loans ($M) | ▲ | $90 | +4.09 | $86 |
| Loan Growth YoY (%) | ▲ | 106.01% | +9.17 | 96.84% |
| Total Deposits ($M) | ▼ | $84 | -3.71 | $87 |
| Shareholders Equity ($M) | ▲ | $21 | +0.61 | $21 |
| Tang. Book Value ($M) | ▲ | $20 | +0.62 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 106.01% | +9.17 | 96.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.72 | 0.72% |
| Allowance / Loans (%) | — | 1.65% | -0.08% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.03 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.76% | -1.08 | 23.84% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▆▁▁██▆ | Net Interest Margin (%) | 4.06% | 4.00% | 3.98% | 3.65% | 3.61% | 4.13% | 4.08% | 3.95% |
| █▄▁▇▄▆▃▃ | Return on Assets (%) | 1.90% | 1.68% | 1.51% | 1.84% | 1.70% | 1.76% | 1.62% | 1.63% |
| ▅▇█▁▂▄▅▅ | Efficiency Ratio (%) | 63.7% | 65.6% | 68.0% | 57.2% | 59.2% | 61.3% | 63.6% | 63.3% |
| ▇█▇▄▅▃▂▁ | Cost of Funds (%) | 2.66% | 2.86% | 2.66% | 2.42% | 2.45% | 2.26% | 2.15% | 2.01% |
| ▁████▃▃▁ | NPA / Assets (%) | 0.00% | 0.76% | 0.72% | 0.72% | 0.72% | 0.28% | 0.28% | 0.00% |
| ▁████▃▃▁ | Net Charge-Off Ratio (%) | 0.00% | 0.97% | 0.95% | 1.03% | 0.94% | 0.37% | 0.37% | 0.00% |
| ▂▃▁▂▄▆▂█ | Tang. Book Value ($M) | $20 | $20 | $20 | $20 | $20 | $20 | $20 | $20 |
| █▆▅▁▆▆▇▃ | Gross Loans ($M) | $98 | $94 | $93 | $86 | $94 | $95 | $95 | $90 |
| ██▄▆▄▆▁▁ | Total Deposits ($M) | $90 | $89 | $86 | $87 | $86 | $88 | $83 | $84 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 9% |