Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.19 | 1.17% |
| Return on Equity (%) | ▼ | 17.64% | -1.48 | 19.12% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.52 | 3.36% |
| Efficiency Ratio (%) | ▲ | 37.56% | -26.44 | 64.00% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.68 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.06 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $565 | -11.40 | $577 |
| Gross Loans ($M) | ▼ | $415 | -12.73 | $427 |
| Loan Growth YoY (%) | ▼ | 81.50% | -1.09 | 82.59% |
| Total Deposits ($M) | ▼ | $502 | -8.56 | $510 |
| Shareholders Equity ($M) | ▲ | $44 | +7.61 | $36 |
| Tang. Book Value ($M) | ▲ | $44 | +7.61 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +7.06 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 81.50% | -1.09 | 82.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -1.20 | 1.24% |
| Allowance / Loans (%) | — | 1.40% | 0.00% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -1.62 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.60% | +0.98 | 10.62% |
Noninterest income ($1.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.00% | 3.03% | 3.08% | 3.36% | 3.49% | 3.53% | 3.60% | 3.88% |
| ▁▂▁▃▆███ | Return on Assets (%) | 1.11% | 1.12% | 1.08% | 1.17% | 1.28% | 1.37% | 1.34% | 1.36% |
| ████▇▇█▁ | Efficiency Ratio (%) | 65.2% | 64.7% | 63.9% | 64.0% | 59.8% | 60.5% | 63.3% | 37.6% |
| ▇█▇▂▁▁▃▁ | Cost of Funds (%) | 2.16% | 2.22% | 2.15% | 1.87% | 1.86% | 1.85% | 1.95% | 1.81% |
| ███████▁ | NPA / Assets (%) | 1.36% | 1.26% | 1.26% | 1.24% | 1.24% | 1.23% | 1.34% | 0.03% |
| ██████▁▁ | Net Charge-Off Ratio (%) | 1.86% | 1.68% | 1.66% | 1.67% | 1.65% | 1.68% | 0.05% | 0.04% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $31 | $36 | $33 | $36 | $37 | $41 | $42 | $44 |
| ▁▄▅▇█▇▅▅ | Gross Loans ($M) | $397 | $413 | $419 | $427 | $432 | $425 | $419 | $415 |
| ▄▃▄███▁▇ | Total Deposits ($M) | $490 | $485 | $487 | $510 | $507 | $512 | $472 | $502 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |