Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.02 | 0.87% |
| Return on Equity (%) | ▲ | 8.22% | +1.11 | 7.11% |
| Net Interest Margin (%) | ▼ | 4.09% | -0.06 | 4.16% |
| Efficiency Ratio (%) | ▲ | 75.32% | -3.36 | 78.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.15% | -0.19 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $233 | +30.18 | $202 |
| Gross Loans ($M) | ▲ | $162 | +10.24 | $151 |
| Loan Growth YoY (%) | ▼ | 78.66% | -5.42 | 84.08% |
| Total Deposits ($M) | ▲ | $203 | +24.37 | $179 |
| Shareholders Equity ($M) | ▲ | $26 | +2.38 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.38 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 78.66% | -5.42 | 84.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.23% | 0.41% | 0.82% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.38% | +0.73 | 13.66% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃█████ | Net Interest Margin (%) | 3.60% | 3.63% | 3.79% | 4.16% | 4.10% | 4.14% | 4.15% | 4.09% |
| ▁▁▃▁▂▃█▁ | Return on Assets (%) | 0.79% | 0.79% | 1.03% | 0.87% | 0.94% | 1.01% | 1.66% | 0.89% |
| ██▇▇▆▅▁▅ | Efficiency Ratio (%) | 84.0% | 83.6% | 80.8% | 78.7% | 76.3% | 73.6% | 62.2% | 75.3% |
| ██▅▃▃▄▃▁ | Cost of Funds (%) | 1.83% | 1.80% | 1.53% | 1.34% | 1.35% | 1.42% | 1.36% | 1.15% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▅▇▁▁▁▇█ | Tang. Book Value ($M) | $25 | $25 | $26 | $24 | $24 | $24 | $26 | $26 |
| ▁▂▄▇▇█▇█ | Gross Loans ($M) | $117 | $125 | $139 | $151 | $153 | $160 | $156 | $162 |
| ▁▂▃▄▇██▇ | Total Deposits ($M) | $156 | $167 | $176 | $179 | $205 | $209 | $213 | $203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 1% |