Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.14 | 0.74% |
| Return on Equity (%) | ▲ | 9.35% | +0.89 | 8.46% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.30 | 2.37% |
| Efficiency Ratio (%) | ▲ | 90.89% | -1.64 | 92.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 3.16% | -0.33 | 3.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $172 | +7.04 | $165 |
| Gross Loans ($M) | ▲ | $145 | +3.41 | $142 |
| Loan Growth YoY (%) | ▼ | 117.97% | -3.38 | 121.35% |
| Total Deposits ($M) | ▲ | $123 | +6.27 | $116 |
| Shareholders Equity ($M) | ▲ | $16 | +1.51 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +1.58 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 117.97% | -3.38 | 121.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.24 | 0.17% |
| Allowance / Loans (%) | — | 0.64% | -0.05% | 0.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.28 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.41% | +0.85 | 15.56% |
Noninterest income ($5.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 2.11% | 2.11% | 2.14% | 2.37% | 2.35% | 2.38% | 2.44% | 2.68% |
| ▁▁▄▆▆███ | Return on Assets (%) | 0.44% | 0.45% | 0.67% | 0.74% | 0.75% | 0.90% | 0.88% | 0.88% |
| ██▅▃▃▂▃▁ | Efficiency Ratio (%) | 95.3% | 95.3% | 93.2% | 92.5% | 92.4% | 91.7% | 92.2% | 90.9% |
| █▄█▇▁▅▄▁ | Cost of Funds (%) | 3.57% | 3.35% | 3.54% | 3.49% | 3.20% | 3.36% | 3.33% | 3.16% |
| ▄▃▃▃▁▂▂█ | NPA / Assets (%) | 0.22% | 0.19% | 0.17% | 0.17% | 0.07% | 0.12% | 0.12% | 0.41% |
| ▄▃▃▃▁▂▂█ | Net Charge-Off Ratio (%) | 0.26% | 0.22% | 0.20% | 0.20% | 0.08% | 0.14% | 0.14% | 0.49% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $13 | $13 | $14 | $14 | $15 | $15 | $15 | $16 |
| ▁▅▅▅██▄▆ | Gross Loans ($M) | $130 | $144 | $144 | $142 | $154 | $153 | $142 | $145 |
| ▁▃▅▅██▇█ | Total Deposits ($M) | $106 | $111 | $117 | $116 | $124 | $123 | $121 | $123 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 25% |