Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.56% | -0.04 | 0.60% |
| Return on Equity (%) | ▲ | 5.23% | +0.18 | 5.05% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.22 | 2.51% |
| Efficiency Ratio (%) | ▼ | 80.13% | +6.77 | 73.36% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.08 | $0 |
| Cost of Funds (%) | ▲ | 3.23% | -0.02 | 3.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $234 | +23.28 | $210 |
| Gross Loans ($M) | ▲ | $161 | +17.56 | $144 |
| Loan Growth YoY (%) | ▼ | 91.74% | -0.08 | 91.82% |
| Total Deposits ($M) | ▲ | $174 | +19.07 | $155 |
| Shareholders Equity ($M) | ▲ | $25 | +1.28 | $24 |
| Tang. Book Value ($M) | ▲ | $23 | +1.17 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 91.74% | -0.08 | 91.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.59 | 0.08% |
| Allowance / Loans (%) | — | 1.07% | 0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.05 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.96% | -0.94 | 16.89% |
Noninterest income ($0.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇▇▇█ | Net Interest Margin (%) | 2.15% | 2.25% | 2.28% | 2.51% | 2.60% | 2.59% | 2.59% | 2.73% |
| ▂▁▁███▇█ | Return on Assets (%) | -0.02% | -0.13% | -0.05% | 0.60% | 0.56% | 0.59% | 0.43% | 0.56% |
| ██▇▁▁▁▂▂ | Efficiency Ratio (%) | 113.2% | 112.3% | 107.9% | 73.4% | 74.7% | 71.9% | 78.4% | 80.1% |
| ██▄▁▃▁▁▁ | Cost of Funds (%) | 3.75% | 3.80% | 3.50% | 3.25% | 3.43% | 3.23% | 3.25% | 3.23% |
| ▁▁▁▁▁▆█▆ | NPA / Assets (%) | 0.12% | 0.11% | 0.09% | 0.08% | 0.08% | 0.70% | 0.93% | 0.67% |
| ▁▁▁▁▁█▅▁ | Net Charge-Off Ratio (%) | 0.19% | 0.17% | 0.13% | 0.12% | 0.12% | 1.05% | 0.60% | 0.17% |
| ▁▄▁▃▄▆▇█ | Tang. Book Value ($M) | $22 | $22 | $22 | $22 | $22 | $23 | $23 | $23 |
| ▁▁▄▅▆▇██ | Gross Loans ($M) | $124 | $127 | $139 | $144 | $151 | $155 | $161 | $161 |
| ▁▁▁▄▄▇█▇ | Total Deposits ($M) | $135 | $136 | $138 | $155 | $159 | $177 | $186 | $174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 34% |