Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.04 | 0.69% |
| Return on Equity (%) | ▲ | 5.13% | +0.61 | 4.52% |
| Net Interest Margin (%) | ▼ | 4.11% | -0.01 | 4.12% |
| Efficiency Ratio (%) | ▲ | 86.69% | -0.82 | 87.51% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.04 | $0 |
| Cost of Funds (%) | ▼ | 1.89% | +0.34 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $122 | +12.35 | $110 |
| Gross Loans ($M) | ▲ | $96 | +8.97 | $87 |
| Loan Growth YoY (%) | ▼ | 93.87% | -1.74 | 95.62% |
| Total Deposits ($M) | ▲ | $100 | +11.37 | $89 |
| Shareholders Equity ($M) | ▲ | $17 | +0.70 | $17 |
| Tang. Book Value ($M) | ▲ | $17 | +0.70 | $17 |
| Loan / Deposit Ratio (%) | ▼ | 93.87% | -1.74 | 95.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -1.35 | 1.73% |
| Allowance / Loans (%) | — | 1.51% | -0.33% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -1.70 | 2.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.21% | +0.40 | 18.82% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▄▃▁▅▄ | Net Interest Margin (%) | 4.49% | 4.41% | 4.37% | 4.12% | 4.06% | 3.87% | 4.25% | 4.11% |
| ▁▃▃▇▄▃██ | Return on Assets (%) | 0.35% | 0.49% | 0.49% | 0.69% | 0.50% | 0.46% | 0.75% | 0.73% |
| █▆▄▂▅▆▁▁ | Efficiency Ratio (%) | 93.5% | 91.0% | 89.5% | 87.5% | 90.6% | 91.1% | 86.6% | 86.7% |
| ▁▁▁▃▅██▇ | Cost of Funds (%) | 1.36% | 1.34% | 1.28% | 1.55% | 1.75% | 2.09% | 2.08% | 1.89% |
| ▁██▇▆▅▇▂ | NPA / Assets (%) | 0.02% | 2.19% | 1.99% | 1.73% | 1.46% | 1.16% | 1.75% | 0.38% |
| ▁█▇▆▆▅▇▂ | Net Charge-Off Ratio (%) | 0.03% | 2.94% | 2.38% | 2.19% | 1.86% | 1.73% | 2.34% | 0.49% |
| ▁▂▃▄▅▅██ | Tang. Book Value ($M) | $16 | $16 | $17 | $17 | $17 | $17 | $17 | $17 |
| ▁▁▅▄▆▄▆█ | Gross Loans ($M) | $79 | $79 | $89 | $87 | $91 | $86 | $91 | $96 |
| ▁▂▁▂▄█▆▆ | Total Deposits ($M) | $84 | $89 | $86 | $89 | $94 | $107 | $100 | $100 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 33% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 4% |