Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.18 | 0.92% |
| Return on Equity (%) | ▲ | 10.64% | +1.40 | 9.24% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.35 | 4.01% |
| Efficiency Ratio (%) | ▲ | 71.02% | -1.68 | 72.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $1 |
| Cost of Funds (%) | ▲ | 0.92% | -0.03 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $211 | +5.39 | $205 |
| Gross Loans ($M) | ▲ | $185 | +6.68 | $178 |
| Loan Growth YoY (%) | ▲ | 123.66% | +2.25 | 121.41% |
| Total Deposits ($M) | ▲ | $148 | +2.72 | $145 |
| Shareholders Equity ($M) | ▲ | $22 | +1.40 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +1.40 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 123.66% | +2.25 | 121.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.25 | 0.02% |
| Allowance / Loans (%) | — | 0.81% | -0.00% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.29 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.52% | +0.55 | 16.97% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.76% | 3.81% | 3.85% | 4.01% | 4.08% | 4.14% | 4.17% | 4.36% |
| ▁▁▆▃▄▆▆█ | Return on Assets (%) | 0.83% | 0.84% | 1.01% | 0.92% | 0.95% | 1.01% | 1.02% | 1.10% |
| █▇▁▅▃▁▁▁ | Efficiency Ratio (%) | 74.8% | 73.8% | 71.0% | 72.7% | 72.1% | 71.0% | 70.6% | 71.0% |
| ▆▇█▂▅▂▇▁ | Cost of Funds (%) | 1.01% | 1.02% | 1.04% | 0.95% | 0.98% | 0.95% | 1.02% | 0.92% |
| ▂▅▃▁▂▁▁█ | NPA / Assets (%) | 0.09% | 0.18% | 0.11% | 0.02% | 0.06% | 0.02% | 0.02% | 0.28% |
| ▃▅▃▁▂▁▁█ | Net Charge-Off Ratio (%) | 0.10% | 0.21% | 0.12% | 0.03% | 0.07% | 0.03% | 0.03% | 0.32% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $21 | $21 | $21 | $22 |
| ▁▁▁▄▅▆▇█ | Gross Loans ($M) | $174 | $174 | $175 | $178 | $180 | $182 | $182 | $185 |
| ██▃▄▅▆▁▆ | Total Deposits ($M) | $151 | $150 | $144 | $145 | $147 | $148 | $141 | $148 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 2% |