Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.30 | 0.51% |
| Return on Equity (%) | ▲ | 7.99% | +2.70 | 5.29% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.35 | 3.03% |
| Efficiency Ratio (%) | ▲ | 72.14% | -8.88 | 81.02% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.62 | $1 |
| Cost of Funds (%) | ▲ | 1.22% | -0.16 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +22.15 | $548 |
| Gross Loans ($M) | ▲ | $345 | +8.94 | $336 |
| Loan Growth YoY (%) | ▼ | 68.19% | -1.30 | 69.49% |
| Total Deposits ($M) | ▲ | $500 | +21.99 | $478 |
| Shareholders Equity ($M) | ▲ | $59 | +4.35 | $55 |
| Tang. Book Value ($M) | ▲ | $47 | +4.75 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.57 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 68.19% | -1.30 | 69.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.02 | 0.07% |
| Allowance / Loans (%) | — | 1.25% | 0.01% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.01 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.68% | 2.70% | 2.78% | 3.03% | 3.19% | 3.28% | 3.33% | 3.37% |
| ▁▁▂▄▅▇██ | Return on Assets (%) | 0.30% | 0.32% | 0.40% | 0.51% | 0.59% | 0.70% | 0.76% | 0.81% |
| ██▇▅▃▂▁▁ | Efficiency Ratio (%) | 87.7% | 86.9% | 84.8% | 81.0% | 77.9% | 74.5% | 73.2% | 72.1% |
| █▆▆▃▅▂▃▁ | Cost of Funds (%) | 1.70% | 1.55% | 1.58% | 1.37% | 1.49% | 1.32% | 1.36% | 1.22% |
| ▅▅▅█▁▁▁▆ | NPA / Assets (%) | 0.04% | 0.04% | 0.04% | 0.07% | 0.01% | 0.01% | 0.01% | 0.05% |
| ▄▄▅█▁▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.05% | 0.09% | 0.00% | 0.01% | 0.01% | 0.08% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $39 | $41 | $41 | $42 | $43 | $45 | $47 | $47 |
| ▄▃▃▁▆█▆▄ | Gross Loans ($M) | $346 | $344 | $342 | $336 | $351 | $358 | $352 | $345 |
| ▁▂▄▂▄▅█▆ | Total Deposits ($M) | $468 | $476 | $491 | $478 | $491 | $493 | $515 | $500 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |