Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.27 | 0.74% |
| Return on Equity (%) | ▲ | 12.75% | +1.09 | 11.66% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.34 | 3.20% |
| Efficiency Ratio (%) | ▲ | 71.92% | -5.94 | 77.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $1 |
| Cost of Funds (%) | ▲ | 0.79% | -0.15 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $555 | +8.20 | $547 |
| Gross Loans ($M) | ▼ | $347 | -1.16 | $349 |
| Loan Growth YoY (%) | ▼ | 68.84% | -0.21 | 69.05% |
| Total Deposits ($M) | ▼ | $503 | -0.12 | $503 |
| Shareholders Equity ($M) | ▲ | $44 | +8.01 | $36 |
| Tang. Book Value ($M) | ▲ | $44 | +8.09 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +8.23 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 68.84% | -0.21 | 69.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.17 | 0.18% |
| Allowance / Loans (%) | — | 0.38% | -0.00% | 0.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.27 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.87% | +1.57 | 15.30% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▅▆▇█ | Net Interest Margin (%) | 2.77% | 2.90% | 2.94% | 3.20% | 3.25% | 3.31% | 3.36% | 3.54% |
| ▁▂▃▄▅███ | Return on Assets (%) | 0.48% | 0.61% | 0.62% | 0.74% | 0.81% | 1.00% | 0.94% | 1.01% |
| █▆▆▄▄▁▂▁ | Efficiency Ratio (%) | 84.2% | 80.6% | 80.8% | 77.9% | 76.4% | 71.7% | 73.7% | 71.9% |
| ███▄▄▃▃▁ | Cost of Funds (%) | 1.13% | 1.16% | 1.14% | 0.94% | 0.95% | 0.91% | 0.89% | 0.79% |
| █▆▆█▅█▅▁ | NPA / Assets (%) | 0.20% | 0.15% | 0.15% | 0.18% | 0.12% | 0.18% | 0.12% | 0.01% |
| █▆▆▇▅█▅▁ | Net Charge-Off Ratio (%) | 0.33% | 0.23% | 0.24% | 0.29% | 0.19% | 0.29% | 0.20% | 0.01% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $30 | $36 | $33 | $36 | $38 | $42 | $43 | $44 |
| ▁▁▄▄▅██▂ | Gross Loans ($M) | $346 | $347 | $349 | $349 | $350 | $351 | $352 | $347 |
| ▁▁▅█████ | Total Deposits ($M) | $476 | $474 | $492 | $503 | $506 | $506 | $506 | $503 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 93% |
| Brokered / Other | 3% |