Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.32% | +1.84 | 0.48% |
| Return on Equity (%) | ▲ | 17.94% | +14.20 | 3.74% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.66 | 2.44% |
| Efficiency Ratio (%) | ▲ | 36.43% | -35.73 | 72.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +3.01 | $1 |
| Cost of Funds (%) | ▲ | 2.95% | -0.39 | 3.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $451 | +24.35 | $426 |
| Gross Loans ($M) | ▲ | $349 | +33.44 | $316 |
| Loan Growth YoY (%) | ▲ | 93.96% | +3.84 | 90.12% |
| Total Deposits ($M) | ▲ | $367 | +22.15 | $344 |
| Shareholders Equity ($M) | ▲ | $59 | +4.62 | $54 |
| Tang. Book Value ($M) | ▲ | $58 | +4.61 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +4.50 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 93.96% | +3.84 | 90.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -1.11 | 1.23% |
| Allowance / Loans (%) | — | 1.37% | -0.33% | 1.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -1.50 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▃▁▆▆▇█ | Net Interest Margin (%) | 2.73% | 2.69% | 2.63% | 2.44% | 2.87% | 2.93% | 2.96% | 3.11% |
| ▂▁▁▁▂▃▁█ | Return on Assets (%) | 0.64% | 0.52% | 0.37% | 0.48% | 0.85% | 0.86% | 0.53% | 2.32% |
| ▆▆▆▇▅▅█▁ | Efficiency Ratio (%) | 65.1% | 65.9% | 68.0% | 72.2% | 59.7% | 59.4% | 78.9% | 36.4% |
| ▇██▆▅▄▂▁ | Cost of Funds (%) | 3.46% | 3.56% | 3.50% | 3.34% | 3.29% | 3.21% | 3.04% | 2.95% |
| ▄▁▁█▁▄▁▁ | NPA / Assets (%) | 0.66% | 0.15% | 0.12% | 1.23% | 0.14% | 0.67% | 0.13% | 0.12% |
| ▄▁▁█▁▅▁▁ | Net Charge-Off Ratio (%) | 0.84% | 0.20% | 0.16% | 1.66% | 0.18% | 0.91% | 0.17% | 0.16% |
| ▁▂▁▂▄▆▅█ | Tang. Book Value ($M) | $53 | $54 | $53 | $54 | $55 | $57 | $56 | $58 |
| ▁▁▂▄█▅██ | Gross Loans ($M) | $297 | $293 | $302 | $316 | $347 | $327 | $344 | $349 |
| ▁▂▄▆▆███ | Total Deposits ($M) | $297 | $308 | $328 | $344 | $348 | $359 | $359 | $367 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 25% |