Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.80% | -1.02 | 3.82% |
| Return on Equity (%) | ▼ | 29.21% | -11.01 | 40.22% |
| Net Interest Margin (%) | ▼ | 3.15% | -1.02 | 4.17% |
| Efficiency Ratio (%) | ▼ | 29.55% | +5.81 | 23.73% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.55 | $3 |
| Cost of Funds (%) | ▼ | 1.13% | +0.16 | 0.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $349 | +22.72 | $327 |
| Gross Loans ($M) | ▼ | $78 | -5.21 | $83 |
| Loan Growth YoY (%) | ▼ | 24.23% | -3.35 | 27.59% |
| Total Deposits ($M) | ▲ | $319 | +20.06 | $299 |
| Shareholders Equity ($M) | ▲ | $30 | +2.69 | $28 |
| Tang. Book Value ($M) | ▲ | $30 | +2.72 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 24.23% | -3.35 | 27.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.54% | -0.02% | 0.56% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 36.72% | +5.42 | 31.30% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▅▄▄▁ | Net Interest Margin (%) | 5.27% | 5.13% | 5.28% | 4.17% | 4.31% | 4.04% | 4.10% | 3.15% |
| ▅▄█▂▃▃▂▁ | Return on Assets (%) | 5.48% | 4.56% | 7.26% | 3.82% | 4.03% | 4.05% | 3.61% | 2.80% |
| ▁██▄▂▁██ | Efficiency Ratio (%) | 19.9% | 29.4% | 30.0% | 23.7% | 21.9% | 21.1% | 29.7% | 29.5% |
| ▁▁▄▃▆▇█▅ | Cost of Funds (%) | 0.83% | 0.79% | 1.05% | 0.97% | 1.20% | 1.27% | 1.40% | 1.13% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▁▁▁█▄█▇ | Tang. Book Value ($M) | $28 | $28 | $27 | $28 | $31 | $29 | $30 | $30 |
| ▇▇█▄▂▁▁▁ | Gross Loans ($M) | $90 | $88 | $91 | $83 | $80 | $77 | $77 | $78 |
| ▄▆▁▇▄▇▃█ | Total Deposits ($M) | $268 | $285 | $226 | $299 | $272 | $301 | $255 | $319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 64% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 57% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 3% |