Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.40 | 1.11% |
| Return on Equity (%) | ▲ | 19.38% | +3.02 | 16.36% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.17 | 3.57% |
| Efficiency Ratio (%) | ▼ | 69.31% | +1.95 | 67.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.32 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +13.03 | $346 |
| Gross Loans ($M) | ▲ | $257 | +0.04 | $257 |
| Loan Growth YoY (%) | ▼ | 77.98% | -1.76 | 79.73% |
| Total Deposits ($M) | ▲ | $326 | +7.80 | $318 |
| Shareholders Equity ($M) | ▲ | $28 | +4.71 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +4.71 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +4.77 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 77.98% | -1.76 | 79.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.89 | 0.89% |
| Allowance / Loans (%) | — | 1.19% | -0.18% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.20 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.10% | +1.57 | 11.53% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 2.87% | 3.06% | 3.18% | 3.57% | 3.74% | 3.76% | 3.80% | 3.74% |
| ▁▂▃▅▃▅▆█ | Return on Assets (%) | 0.62% | 0.83% | 0.91% | 1.11% | 0.93% | 1.12% | 1.20% | 1.50% |
| █▆▄▂▁▁▃▄ | Efficiency Ratio (%) | 73.0% | 70.7% | 69.4% | 67.4% | 66.1% | 66.9% | 68.2% | 69.3% |
| ██▇▄▁▂▁▁ | Cost of Funds (%) | 2.35% | 2.39% | 2.28% | 1.96% | 1.66% | 1.81% | 1.62% | 1.64% |
| ▃▃▆█▁▁▁▁ | NPA / Assets (%) | 0.33% | 0.32% | 0.64% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▃▆█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.39% | 0.83% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▃▂▃▃▆▇█ | Tang. Book Value ($M) | $22 | $24 | $23 | $24 | $24 | $26 | $27 | $28 |
| █▆▅▄▄▁▁▄ | Gross Loans ($M) | $274 | $266 | $261 | $257 | $257 | $248 | $246 | $257 |
| ▂▁▄▄█▅▅▅ | Total Deposits ($M) | $294 | $281 | $313 | $318 | $359 | $323 | $327 | $326 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 21% |