Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.53% | +0.14 | 2.40% |
| Return on Equity (%) | ▼ | 25.03% | -1.09 | 26.12% |
| Net Interest Margin (%) | ▼ | 5.46% | -0.02 | 5.49% |
| Efficiency Ratio (%) | ▲ | 54.59% | -1.26 | 55.85% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 0.94% | +0.03 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $165 | +5.17 | $159 |
| Gross Loans ($M) | ▲ | $112 | +6.98 | $106 |
| Loan Growth YoY (%) | ▲ | 76.34% | +3.81 | 72.54% |
| Total Deposits ($M) | ▲ | $145 | +1.87 | $143 |
| Shareholders Equity ($M) | ▲ | $17 | +1.48 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +1.48 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +1.35 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 76.34% | +3.81 | 72.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.15% | +0.65 | 0.50% |
| Allowance / Loans (%) | — | 1.55% | -0.01% | 1.55% |
| Net Charge-Off Ratio (%) | ▼ | 1.66% | +0.91 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆███▆ | Net Interest Margin (%) | 5.11% | 5.17% | 5.25% | 5.49% | 5.64% | 5.62% | 5.64% | 5.46% |
| ▁▁▁▇██▇█ | Return on Assets (%) | 1.94% | 1.89% | 1.97% | 2.40% | 2.54% | 2.48% | 2.39% | 2.53% |
| ██▅▃▁▁▄▁ | Efficiency Ratio (%) | 60.5% | 60.2% | 57.8% | 55.8% | 54.2% | 55.0% | 56.7% | 54.6% |
| ▇█▇▂▁▄▅▃ | Cost of Funds (%) | 1.07% | 1.13% | 1.08% | 0.91% | 0.85% | 0.99% | 1.02% | 0.94% |
| ▄▁▄▂▆▃▅█ | NPA / Assets (%) | 0.75% | 0.40% | 0.72% | 0.50% | 0.90% | 0.66% | 0.82% | 1.15% |
| ▅▁▄▂▆▃▅█ | Net Charge-Off Ratio (%) | 1.14% | 0.59% | 1.05% | 0.75% | 1.31% | 0.97% | 1.14% | 1.66% |
| ▁▄▁▄▆█▇█ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $16 | $17 | $16 | $17 |
| ▁▂▂▁▄▆▇█ | Gross Loans ($M) | $105 | $106 | $106 | $106 | $108 | $110 | $111 | $112 |
| ▆▃▄▇▂▁▁█ | Total Deposits ($M) | $142 | $140 | $140 | $143 | $139 | $137 | $138 | $145 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 23% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 8% |