Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.94% | -0.23 | 1.17% |
| Return on Equity (%) | ▼ | 9.06% | -3.61 | 12.67% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.23 | 2.88% |
| Efficiency Ratio (%) | ▼ | 68.65% | +6.59 | 62.06% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.20% | -0.25 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $320 | -6.25 | $326 |
| Gross Loans ($M) | ▼ | $149 | -1.52 | $151 |
| Loan Growth YoY (%) | ▲ | 52.94% | +1.32 | 51.61% |
| Total Deposits ($M) | ▼ | $279 | -10.01 | $289 |
| Shareholders Equity ($M) | ▲ | $33 | +4.57 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +4.57 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +4.59 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 52.94% | +1.32 | 51.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.15 | 0.24% |
| Allowance / Loans (%) | — | 1.31% | -0.01% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.33 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.54% | +2.35 | 17.18% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆▇██ | Net Interest Margin (%) | 2.76% | 2.79% | 2.83% | 2.88% | 2.98% | 3.06% | 3.08% | 3.11% |
| ▁▂▃█▇██▄ | Return on Assets (%) | 0.77% | 0.83% | 0.89% | 1.17% | 1.11% | 1.15% | 1.17% | 0.94% |
| █▆▅▁▂▁▁▆ | Efficiency Ratio (%) | 71.9% | 69.1% | 67.6% | 62.1% | 63.1% | 62.3% | 61.5% | 68.7% |
| ▇██▅▂▂▃▁ | Cost of Funds (%) | 1.54% | 1.62% | 1.59% | 1.45% | 1.29% | 1.30% | 1.32% | 1.20% |
| ██▂▂▁▁▁▁ | NPA / Assets (%) | 0.85% | 0.82% | 0.19% | 0.24% | 0.09% | 0.09% | 0.08% | 0.09% |
| ██▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 1.64% | 1.66% | 0.39% | 0.52% | 0.20% | 0.20% | 0.16% | 0.19% |
| ▁▅▅▁▃▅██ | Tang. Book Value ($M) | $29 | $31 | $31 | $29 | $30 | $32 | $33 | $33 |
| ██▄▂▂▁▁▁ | Gross Loans ($M) | $161 | $161 | $155 | $151 | $151 | $149 | $149 | $149 |
| ▁▇▆█▇█▃▄ | Total Deposits ($M) | $273 | $286 | $284 | $289 | $285 | $289 | $278 | $279 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 24% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 3% |