Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.30 | 0.43% |
| Return on Equity (%) | ▲ | 8.10% | +2.70 | 5.40% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.31 | 3.40% |
| Efficiency Ratio (%) | ▲ | 74.05% | -7.09 | 81.14% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 2.00% | -0.32 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $416 | -6.05 | $422 |
| Gross Loans ($M) | ▲ | $343 | +5.81 | $338 |
| Loan Growth YoY (%) | ▲ | 97.04% | +2.18 | 94.86% |
| Total Deposits ($M) | ▼ | $350 | -2.36 | $352 |
| Shareholders Equity ($M) | ▲ | $37 | +3.07 | $34 |
| Tang. Book Value ($M) | ▲ | $37 | +3.11 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.04 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 97.04% | +2.18 | 94.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.19 | 0.24% |
| Allowance / Loans (%) | — | 1.24% | 0.10% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.33 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.31 | 10.31% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 2.87% | 2.94% | 3.01% | 3.40% | 3.51% | 3.58% | 3.64% | 3.71% |
| ▁▁▃▃▅▇▇█ | Return on Assets (%) | 0.29% | 0.33% | 0.42% | 0.43% | 0.54% | 0.61% | 0.65% | 0.72% |
| █▇▄▅▃▂▁▁ | Efficiency Ratio (%) | 86.5% | 84.1% | 80.2% | 81.1% | 77.9% | 76.1% | 75.5% | 74.1% |
| ▇█▇▅▄▃▂▁ | Cost of Funds (%) | 2.54% | 2.64% | 2.52% | 2.33% | 2.24% | 2.19% | 2.12% | 2.00% |
| ▃█▃▂▁▆▂▇ | NPA / Assets (%) | 0.31% | 0.49% | 0.30% | 0.24% | 0.20% | 0.41% | 0.26% | 0.43% |
| ▂█▂▁▁▇▃█ | Net Charge-Off Ratio (%) | 0.09% | 0.32% | 0.10% | 0.03% | 0.03% | 0.28% | 0.14% | 0.35% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $32 | $33 | $33 | $34 | $34 | $36 | $36 | $37 |
| ▃█▃▂▃▇▁▆ | Gross Loans ($M) | $340 | $347 | $339 | $338 | $339 | $345 | $336 | $343 |
| ▄███▆▃▁▇ | Total Deposits ($M) | $347 | $351 | $352 | $352 | $348 | $345 | $342 | $350 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 24% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |