Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.27 | 0.49% |
| Return on Equity (%) | ▲ | 8.03% | +1.94 | 6.09% |
| Net Interest Margin (%) | ▲ | 6.79% | +0.34 | 6.45% |
| Efficiency Ratio (%) | ▲ | 87.67% | -4.11 | 91.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 0.87% | -0.53 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $422 | -39.82 | $462 |
| Gross Loans ($M) | ▼ | $380 | -23.24 | $403 |
| Loan Growth YoY (%) | ▲ | 112.49% | +5.80 | 106.68% |
| Total Deposits ($M) | ▼ | $336 | -40.11 | $376 |
| Shareholders Equity ($M) | ▲ | $42 | +4.80 | $38 |
| Tang. Book Value ($M) | ▲ | $42 | +4.80 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 112.49% | +5.80 | 106.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.45 | 0.52% |
| Allowance / Loans (%) | — | 0.42% | 0.03% | 0.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.51 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 38.37% | +6.96 | 31.41% |
Noninterest income ($1.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▁▁▃▃▅ | Net Interest Margin (%) | 7.05% | 6.97% | 6.82% | 6.45% | 6.51% | 6.64% | 6.67% | 6.79% |
| ▁▂▄▆▇██▇ | Return on Assets (%) | -0.67% | -0.26% | 0.07% | 0.49% | 0.78% | 0.88% | 1.03% | 0.76% |
| █▇█▃▁▁▁▁ | Efficiency Ratio (%) | 106.3% | 101.5% | 105.5% | 91.8% | 89.0% | 87.0% | 86.8% | 87.7% |
| ▁▄██▅▃▂▁ | Cost of Funds (%) | 0.85% | 1.09% | 1.33% | 1.39% | 1.17% | 0.99% | 0.93% | 0.87% |
| ▁▁▂█▁▃▂▁ | NPA / Assets (%) | 0.04% | 0.08% | 0.11% | 0.52% | 0.09% | 0.16% | 0.13% | 0.07% |
| ▁▁▂█▁▃▂▁ | Net Charge-Off Ratio (%) | 0.05% | 0.10% | 0.13% | 0.60% | 0.11% | 0.19% | 0.15% | 0.08% |
| ▁▃▄▄▅▇██ | Tang. Book Value ($M) | $34 | $36 | $37 | $38 | $39 | $40 | $42 | $42 |
| ▁▃▆▆██▇▅ | Gross Loans ($M) | $314 | $359 | $395 | $403 | $440 | $426 | $409 | $380 |
| ▁▂▄▅█▆▅▂ | Total Deposits ($M) | $311 | $340 | $366 | $376 | $431 | $391 | $373 | $336 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 4% |
| Consumer | 56% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 7% |