Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +0.60 | 1.90% |
| Return on Equity (%) | ▲ | 18.92% | +2.89 | 16.03% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.66 | 2.35% |
| Efficiency Ratio (%) | ▲ | 41.48% | -5.06 | 46.54% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.05 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $253 | +2.36 | $251 |
| Gross Loans ($M) | ▲ | $163 | +19.34 | $144 |
| Loan Growth YoY (%) | ▲ | 81.58% | +11.44 | 70.14% |
| Total Deposits ($M) | ▼ | $197 | -4.52 | $201 |
| Shareholders Equity ($M) | ▲ | $33 | +2.79 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +2.79 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.74 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 81.58% | +11.44 | 70.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.40% | -0.19% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▅█ | Net Interest Margin (%) | 2.26% | 2.28% | 2.27% | 2.35% | 2.49% | 2.60% | 2.66% | 3.02% |
| ▁▁▁▂▂▃▂█ | Return on Assets (%) | 1.79% | 1.79% | 1.77% | 1.90% | 1.92% | 1.97% | 1.95% | 2.50% |
| █▇█▆▆▆█▁ | Efficiency Ratio (%) | 48.6% | 48.1% | 49.0% | 46.5% | 47.3% | 47.2% | 49.3% | 41.5% |
| ▁▅█▆▇██▄ | Cost of Funds (%) | 1.49% | 1.64% | 1.73% | 1.66% | 1.71% | 1.75% | 1.74% | 1.61% |
| ▂▂▂█▁▁▆▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▂▂█▁▁▅▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▁▃▆█▆█ | Tang. Book Value ($M) | $29 | $31 | $29 | $30 | $32 | $33 | $32 | $33 |
| ▁▁▁▂▄▅██ | Gross Loans ($M) | $140 | $138 | $140 | $144 | $150 | $153 | $161 | $163 |
| ▂▃▇█▃▁▁▆ | Total Deposits ($M) | $188 | $189 | $197 | $201 | $190 | $186 | $184 | $197 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |