Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.24% | -0.09 | 1.32% |
| Return on Equity (%) | ▼ | 8.41% | -1.41 | 9.82% |
| Net Interest Margin (%) | ▼ | 3.14% | -0.35 | 3.49% |
| Efficiency Ratio (%) | ▼ | 59.73% | +1.24 | 58.49% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $2 |
| Cost of Funds (%) | ▲ | 3.05% | -0.48 | 3.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $463 | +11.67 | $451 |
| Gross Loans ($M) | ▼ | $323 | -30.88 | $354 |
| Loan Growth YoY (%) | ▼ | 84.71% | -10.51 | 95.22% |
| Total Deposits ($M) | ▲ | $366 | +9.27 | $357 |
| Shareholders Equity ($M) | ▲ | $68 | +6.20 | $62 |
| Tang. Book Value ($M) | ▲ | $68 | +6.20 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 84.71% | -10.51 | 95.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.75% | +0.36 | 0.39% |
| Allowance / Loans (%) | — | 3.82% | -0.01% | 3.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.13 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▄▅▆▅▁ | Net Interest Margin (%) | 3.91% | 3.80% | 3.74% | 3.49% | 3.60% | 3.66% | 3.60% | 3.14% |
| █▇▅▂▃▄▃▁ | Return on Assets (%) | 1.61% | 1.54% | 1.44% | 1.32% | 1.37% | 1.41% | 1.37% | 1.24% |
| ▁▂▄▇▆▅▆█ | Efficiency Ratio (%) | 53.1% | 54.4% | 56.2% | 58.5% | 58.0% | 57.0% | 57.9% | 59.7% |
| ███▆▅▄▃▁ | Cost of Funds (%) | 3.71% | 3.68% | 3.67% | 3.53% | 3.40% | 3.37% | 3.23% | 3.05% |
| ██▁▁▃█▇█ | NPA / Assets (%) | 0.76% | 0.78% | 0.40% | 0.39% | 0.52% | 0.73% | 0.71% | 0.75% |
| ▁▅▁▁█▃▃▆ | Net Charge-Off Ratio (%) | 0.52% | 0.60% | 0.52% | 0.50% | 0.69% | 0.56% | 0.57% | 0.63% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $58 | $59 | $61 | $62 | $64 | $66 | $67 | $68 |
| █▇██▅▄▁▁ | Gross Loans ($M) | $355 | $348 | $355 | $354 | $342 | $335 | $326 | $323 |
| ▁██▃▃▂▆█ | Total Deposits ($M) | $352 | $367 | $368 | $357 | $357 | $355 | $363 | $366 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 10% |