Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.32 | 1.30% |
| Return on Equity (%) | ▲ | 15.72% | +1.94 | 13.78% |
| Net Interest Margin (%) | ▲ | 4.59% | +0.24 | 4.35% |
| Efficiency Ratio (%) | ▲ | 59.90% | -1.61 | 61.51% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.76% | -0.30 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +18.42 | $265 |
| Gross Loans ($M) | ▲ | $237 | +5.88 | $231 |
| Loan Growth YoY (%) | ▼ | 93.22% | -3.33 | 96.55% |
| Total Deposits ($M) | ▲ | $251 | +14.35 | $236 |
| Shareholders Equity ($M) | ▲ | $30 | +4.70 | $26 |
| Tang. Book Value ($M) | ▲ | $30 | +4.70 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +4.55 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 93.22% | -3.33 | 96.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.16 | 0.43% |
| Allowance / Loans (%) | — | 1.33% | 0.13% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.21 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆███ | Net Interest Margin (%) | 3.95% | 4.11% | 4.23% | 4.35% | 4.43% | 4.56% | 4.64% | 4.59% |
| ▁▂▃▆▅▇▆█ | Return on Assets (%) | 0.56% | 0.76% | 0.83% | 1.30% | 1.18% | 1.37% | 1.32% | 1.62% |
| █▇▅▁▂▁▂▁ | Efficiency Ratio (%) | 78.7% | 74.4% | 71.5% | 61.5% | 63.0% | 61.1% | 62.9% | 59.9% |
| ▆▆███▆▁▂ | Cost of Funds (%) | 1.96% | 1.96% | 2.06% | 2.06% | 2.02% | 1.93% | 1.69% | 1.76% |
| ▁▆▆▆▆▆▆█ | NPA / Assets (%) | 0.00% | 0.44% | 0.44% | 0.43% | 0.42% | 0.40% | 0.38% | 0.59% |
| ▁▇▆▆▆▆▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.55% | 0.52% | 0.50% | 0.49% | 0.47% | 0.47% | 0.71% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $23 | $24 | $24 | $26 | $27 | $28 | $29 | $30 |
| ▁▃▅▇████ | Gross Loans ($M) | $196 | $209 | $220 | $231 | $235 | $237 | $234 | $237 |
| ▁▄▄▄▆▆█▇ | Total Deposits ($M) | $219 | $236 | $236 | $236 | $248 | $248 | $257 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 9% |