Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.28 | 1.06% |
| Return on Equity (%) | ▲ | 15.58% | +3.66 | 11.92% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.22 | 4.04% |
| Efficiency Ratio (%) | ▲ | 74.94% | -3.63 | 78.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▼ | 1.69% | +0.01 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $581 | +43.72 | $537 |
| Gross Loans ($M) | ▲ | $452 | +31.30 | $421 |
| Loan Growth YoY (%) | ▼ | 91.46% | -1.32 | 92.78% |
| Total Deposits ($M) | ▲ | $492 | +40.24 | $451 |
| Shareholders Equity ($M) | ▲ | $50 | +1.95 | $48 |
| Tang. Book Value ($M) | ▲ | $48 | +1.92 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +1.95 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 91.46% | -1.32 | 92.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.07 | 0.11% |
| Allowance / Loans (%) | — | 0.63% | 0.06% | 0.57% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.09 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▄▆███ | Net Interest Margin (%) | 3.86% | 3.99% | 4.07% | 4.04% | 4.13% | 4.22% | 4.27% | 4.26% |
| ▁▁█▁▂▃▄▃ | Return on Assets (%) | 1.01% | 1.16% | 2.23% | 1.06% | 1.30% | 1.40% | 1.55% | 1.34% |
| █▇▁█▇▆▅▆ | Efficiency Ratio (%) | 79.6% | 77.6% | 65.2% | 78.6% | 76.0% | 74.8% | 72.6% | 74.9% |
| ▆▆█▁▃▅▁▁ | Cost of Funds (%) | 1.79% | 1.78% | 1.84% | 1.68% | 1.73% | 1.78% | 1.70% | 1.69% |
| ▂▁▄▃▃▂▅█ | NPA / Assets (%) | 0.09% | 0.08% | 0.12% | 0.11% | 0.11% | 0.10% | 0.13% | 0.18% |
| ▂▁▄▃▃▃▆█ | Net Charge-Off Ratio (%) | 0.12% | 0.09% | 0.15% | 0.14% | 0.14% | 0.13% | 0.18% | 0.22% |
| ▁▃▆▇▅▇██ | Tang. Book Value ($M) | $38 | $41 | $45 | $46 | $44 | $46 | $48 | $48 |
| ▁▃▁▂▃▆▆█ | Gross Loans ($M) | $417 | $428 | $421 | $421 | $430 | $441 | $440 | $452 |
| ▁▁▃▅▆▇██ | Total Deposits ($M) | $399 | $408 | $426 | $451 | $468 | $478 | $493 | $492 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |