Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.48 | 1.29% |
| Return on Equity (%) | ▲ | 16.94% | +1.81 | 15.13% |
| Net Interest Margin (%) | ▼ | 4.02% | -0.02 | 4.04% |
| Efficiency Ratio (%) | ▲ | 54.57% | -10.31 | 64.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.81 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.20 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $481 | +30.21 | $451 |
| Gross Loans ($M) | ▼ | $257 | -5.83 | $263 |
| Loan Growth YoY (%) | ▼ | 62.01% | -4.48 | 66.49% |
| Total Deposits ($M) | ▲ | $410 | +21.56 | $388 |
| Shareholders Equity ($M) | ▲ | $50 | +10.17 | $40 |
| Tang. Book Value ($M) | ▲ | $50 | +9.97 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +10.31 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 62.01% | -4.48 | 66.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.03 | 0.12% |
| Allowance / Loans (%) | — | 1.26% | -0.65% | 1.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.05 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.19% | +2.58 | 16.62% |
Noninterest income ($1.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅█▇▁▂▄▄▁ | Net Interest Margin (%) | 4.23% | 4.43% | 4.33% | 4.04% | 4.11% | 4.22% | 4.22% | 4.02% |
| ▆▁▁▅██▇█ | Return on Assets (%) | 1.40% | 0.62% | 0.74% | 1.29% | 1.79% | 1.73% | 1.52% | 1.77% |
| ▅▃▆██▆█▁ | Efficiency Ratio (%) | 60.1% | 58.2% | 62.3% | 64.9% | 63.6% | 61.2% | 64.6% | 54.6% |
| ▆██▅▄▃▂▁ | Cost of Funds (%) | 1.50% | 1.57% | 1.60% | 1.46% | 1.40% | 1.36% | 1.31% | 1.26% |
| ▄▇█▁█▂▂▅ | NPA / Assets (%) | 0.15% | 0.17% | 0.18% | 0.12% | 0.18% | 0.13% | 0.13% | 0.15% |
| ▃▅▇▁█▂▁▄ | Net Charge-Off Ratio (%) | 0.24% | 0.27% | 0.30% | 0.20% | 0.32% | 0.23% | 0.20% | 0.25% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $39 | $39 | $38 | $40 | $43 | $47 | $48 | $50 |
| ██▆▄▁▁▂▂ | Gross Loans ($M) | $273 | $274 | $267 | $263 | $255 | $254 | $258 | $257 |
| ▁▂▄▃▁▁▄█ | Total Deposits ($M) | $379 | $384 | $392 | $388 | $380 | $382 | $394 | $410 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 6% |
| Consumer | 23% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |