Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.64 | 0.06% |
| Return on Equity (%) | ▲ | 8.48% | +7.65 | 0.83% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.23 | 2.99% |
| Efficiency Ratio (%) | ▲ | 82.00% | -16.10 | 98.10% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.78 | $0 |
| Cost of Funds (%) | ▼ | 1.37% | +0.04 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $465 | -36.15 | $501 |
| Gross Loans ($M) | ▼ | $325 | -10.88 | $335 |
| Loan Growth YoY (%) | ▲ | 80.13% | +4.07 | 76.05% |
| Total Deposits ($M) | ▼ | $400 | -35.27 | $435 |
| Shareholders Equity ($M) | ▲ | $39 | +4.00 | $35 |
| Tang. Book Value ($M) | ▲ | $39 | +4.02 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.98 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 80.13% | +4.07 | 76.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.13 | 0.25% |
| Allowance / Loans (%) | — | 1.29% | -0.06% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.17 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.59% | +0.17 | 14.42% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▅▅▆█ | Net Interest Margin (%) | 2.91% | 2.96% | 2.99% | 2.99% | 3.07% | 3.09% | 3.11% | 3.22% |
| ▅▆▅▁▃▅▅█ | Return on Assets (%) | 0.44% | 0.50% | 0.38% | 0.06% | 0.23% | 0.40% | 0.43% | 0.70% |
| ▁▁▂█▆▅▅▂ | Efficiency Ratio (%) | 77.9% | 77.9% | 82.8% | 98.1% | 92.6% | 90.5% | 88.7% | 82.0% |
| ▆█▅▁▄▁▄▁ | Cost of Funds (%) | 1.57% | 1.68% | 1.51% | 1.34% | 1.50% | 1.35% | 1.50% | 1.37% |
| ▅▂▂▄█▆▁▆ | NPA / Assets (%) | 0.33% | 0.14% | 0.15% | 0.25% | 0.51% | 0.37% | 0.03% | 0.38% |
| ▅▂▃▄█▇▁▆ | Net Charge-Off Ratio (%) | 0.47% | 0.19% | 0.22% | 0.37% | 0.74% | 0.58% | 0.04% | 0.54% |
| ▁▃▂▃▄▃▆█ | Tang. Book Value ($M) | $33 | $35 | $34 | $35 | $36 | $35 | $37 | $39 |
| ██▄▃▂▂▁▁ | Gross Loans ($M) | $362 | $363 | $340 | $335 | $332 | $330 | $322 | $325 |
| █▇█▄▅▂▃▁ | Total Deposits ($M) | $463 | $458 | $471 | $435 | $436 | $409 | $418 | $400 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |