Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.23% | -0.05 | 0.28% |
| Return on Equity (%) | ▼ | 2.43% | -0.81 | 3.24% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.20 | 3.19% |
| Efficiency Ratio (%) | ▲ | 89.49% | -4.15 | 93.64% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.18 | $0 |
| Cost of Funds (%) | ▲ | 1.49% | -0.11 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $430 | -11.30 | $441 |
| Gross Loans ($M) | ▲ | $246 | +17.74 | $229 |
| Loan Growth YoY (%) | ▲ | 63.82% | +6.31 | 57.51% |
| Total Deposits ($M) | ▼ | $382 | -10.05 | $392 |
| Shareholders Equity ($M) | ▲ | $41 | +2.25 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +2.25 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +2.32 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 63.82% | +6.31 | 57.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.62 | 0.21% |
| Allowance / Loans (%) | — | 0.99% | -0.35% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 1.36% | +0.95 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.54% | -0.03 | 12.56% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▆██▇ | Net Interest Margin (%) | 3.11% | 3.17% | 3.17% | 3.19% | 3.35% | 3.40% | 3.44% | 3.39% |
| ▁▁▁▃███▁ | Return on Assets (%) | 0.24% | 0.24% | 0.25% | 0.28% | 0.41% | 0.41% | 0.40% | 0.23% |
| ▇▇▇█▂▁▁▄ | Efficiency Ratio (%) | 92.2% | 92.2% | 92.0% | 93.6% | 87.4% | 86.0% | 86.1% | 89.5% |
| █▄▇▃▁▁▂▁ | Cost of Funds (%) | 1.79% | 1.64% | 1.73% | 1.59% | 1.52% | 1.50% | 1.53% | 1.49% |
| ▃▂▂▁▁▃▅█ | NPA / Assets (%) | 0.42% | 0.34% | 0.31% | 0.21% | 0.18% | 0.35% | 0.53% | 0.84% |
| ▄▃▂▁▁▃▅█ | Net Charge-Off Ratio (%) | 0.76% | 0.61% | 0.59% | 0.41% | 0.34% | 0.64% | 0.95% | 1.36% |
| ▁▅▁▃▄█▇▇ | Tang. Book Value ($M) | $37 | $39 | $37 | $38 | $38 | $41 | $40 | $40 |
| █▃▁▁▂▂▃▆ | Gross Loans ($M) | $257 | $239 | $230 | $229 | $235 | $236 | $238 | $246 |
| █▄▄▆▅▁▂▃ | Total Deposits ($M) | $403 | $384 | $386 | $392 | $388 | $370 | $376 | $382 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |