Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.08 | 0.91% |
| Return on Equity (%) | ▲ | 8.23% | +0.12 | 8.11% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.49 | 3.39% |
| Efficiency Ratio (%) | ▲ | 69.59% | -6.22 | 75.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 2.06% | -0.36 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $244 | -0.97 | $245 |
| Gross Loans ($M) | ▲ | $176 | +0.10 | $176 |
| Loan Growth YoY (%) | ▲ | 90.56% | +1.46 | 89.10% |
| Total Deposits ($M) | ▼ | $191 | -3.00 | $194 |
| Shareholders Equity ($M) | ▲ | $31 | +2.02 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.02 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +2.18 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 90.56% | +1.46 | 89.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.98 | 1.09% |
| Allowance / Loans (%) | — | 1.34% | -0.01% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -1.37 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.76% | +1.23 | 15.53% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 3.10% | 3.05% | 3.06% | 3.39% | 3.61% | 3.70% | 3.79% | 3.88% |
| ▂▂▁▁█▇▂▂ | Return on Assets (%) | 0.99% | 1.00% | 0.95% | 0.91% | 1.42% | 1.33% | 1.01% | 0.99% |
| ▇▁▃█▄▄▁▆ | Efficiency Ratio (%) | 72.2% | 55.3% | 61.3% | 75.8% | 64.1% | 65.2% | 57.6% | 69.6% |
| ██▅▆▃▁▁▂ | Cost of Funds (%) | 2.63% | 2.63% | 2.37% | 2.42% | 2.12% | 1.95% | 1.97% | 2.06% |
| ▆▆▇█▂▂▁▁ | NPA / Assets (%) | 0.79% | 0.82% | 0.93% | 1.09% | 0.26% | 0.29% | 0.13% | 0.11% |
| ▇▇██▂▂▁▁ | Net Charge-Off Ratio (%) | 1.19% | 1.24% | 1.43% | 1.52% | 0.39% | 0.42% | 0.20% | 0.15% |
| ▁▂▂▃▆███ | Tang. Book Value ($M) | $28 | $28 | $28 | $29 | $30 | $31 | $30 | $31 |
| █▁▃▆▄█▆▆ | Gross Loans ($M) | $179 | $168 | $172 | $176 | $173 | $179 | $175 | $176 |
| █▆█▁▅▅▆▁ | Total Deposits ($M) | $228 | $216 | $229 | $194 | $213 | $214 | $216 | $191 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 10% |