Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.30 | 0.99% |
| Return on Equity (%) | ▲ | 14.14% | +2.21 | 11.93% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.50 | 4.03% |
| Efficiency Ratio (%) | ▲ | 67.73% | -3.45 | 71.19% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.13 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $286 | +21.73 | $264 |
| Gross Loans ($M) | ▲ | $196 | +8.94 | $187 |
| Loan Growth YoY (%) | ▼ | 75.15% | -2.00 | 77.15% |
| Total Deposits ($M) | ▲ | $259 | +18.41 | $240 |
| Shareholders Equity ($M) | ▲ | $26 | +3.80 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +3.80 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +4.11 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 75.15% | -2.00 | 77.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.08 | 0.33% |
| Allowance / Loans (%) | — | 0.97% | -0.09% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.05 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.96% | +1.92 | 12.04% |
Noninterest income ($0.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇██ | Net Interest Margin (%) | 2.98% | 3.14% | 3.34% | 4.03% | 4.14% | 4.26% | 4.36% | 4.53% |
| ▁▁▂▆▇███ | Return on Assets (%) | 0.42% | 0.48% | 0.61% | 0.99% | 1.12% | 1.19% | 1.26% | 1.30% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 84.8% | 82.4% | 78.3% | 71.2% | 69.0% | 67.3% | 66.6% | 67.7% |
| █▅▄▂▁▁▁▁ | Cost of Funds (%) | 1.85% | 1.58% | 1.49% | 1.31% | 1.25% | 1.23% | 1.22% | 1.17% |
| █▄▄▅▂▁▁▁ | NPA / Assets (%) | 0.41% | 0.33% | 0.32% | 0.33% | 0.28% | 0.26% | 0.25% | 0.25% |
| ▁▁▁█▇▆▆▆ | Net Charge-Off Ratio (%) | 0.28% | 0.27% | 0.26% | 0.42% | 0.40% | 0.37% | 0.36% | 0.37% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $21 | $21 | $22 | $22 | $23 | $25 | $26 | $26 |
| ▁▃▃▃▅▆██ | Gross Loans ($M) | $184 | $188 | $188 | $187 | $191 | $193 | $195 | $196 |
| ▅█▂▁▂▆▆█ | Total Deposits ($M) | $251 | $260 | $243 | $240 | $244 | $255 | $253 | $259 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |