Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.42 | 0.18% |
| Return on Equity (%) | ▲ | 8.78% | +5.58 | 3.20% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.14 | 3.07% |
| Efficiency Ratio (%) | ▲ | 78.38% | -13.66 | 92.04% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.25 | $0 |
| Cost of Funds (%) | ▲ | 0.78% | -0.09 | 0.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $182 | -12.09 | $194 |
| Gross Loans ($M) | ▼ | $71 | -5.73 | $76 |
| Loan Growth YoY (%) | ▼ | 41.37% | -0.23 | 41.60% |
| Total Deposits ($M) | ▼ | $168 | -12.83 | $181 |
| Shareholders Equity ($M) | ▲ | $13 | +1.62 | $11 |
| Tang. Book Value ($M) | ▲ | $13 | +1.62 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +1.50 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 41.37% | -0.23 | 41.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.09 | 0.00% |
| Allowance / Loans (%) | — | 1.17% | 0.08% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.23 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.06% | +2.51 | 16.54% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▆▁▅██▇ | Net Interest Margin (%) | 3.13% | 3.17% | 3.19% | 3.07% | 3.16% | 3.22% | 3.24% | 3.21% |
| ▂▂▂▁▁▂▄█ | Return on Assets (%) | 0.28% | 0.25% | 0.28% | 0.18% | 0.20% | 0.26% | 0.37% | 0.60% |
| ▇▆▆██▇▅▁ | Efficiency Ratio (%) | 88.7% | 88.7% | 87.8% | 92.0% | 92.1% | 89.8% | 85.4% | 78.4% |
| █▃▆▇█▆▅▁ | Cost of Funds (%) | 0.88% | 0.81% | 0.85% | 0.87% | 0.87% | 0.85% | 0.84% | 0.78% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.09% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.23% |
| ▁▅▅▆▆▇██ | Tang. Book Value ($M) | $8 | $11 | $11 | $11 | $11 | $12 | $12 | $13 |
| ▅▆██▃▃▁▂ | Gross Loans ($M) | $73 | $74 | $75 | $76 | $71 | $71 | $69 | $71 |
| ▃▄▂█▆▇▂▁ | Total Deposits ($M) | $173 | $174 | $171 | $181 | $178 | $179 | $172 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 25% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 4% |