Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.49% | +0.16 | 0.32% |
| Return on Equity (%) | ▲ | 5.33% | +1.51 | 3.82% |
| Net Interest Margin (%) | ▲ | 2.91% | +0.30 | 2.62% |
| Efficiency Ratio (%) | ▲ | 80.61% | -4.98 | 85.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 1.60% | -0.09 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $440 | +11.11 | $429 |
| Gross Loans ($M) | ▲ | $294 | +9.75 | $284 |
| Loan Growth YoY (%) | ▲ | 78.00% | +2.57 | 75.44% |
| Total Deposits ($M) | ▼ | $374 | -0.11 | $374 |
| Shareholders Equity ($M) | ▲ | $40 | +3.77 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +3.77 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.80 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 78.00% | +2.57 | 75.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.11 | 0.26% |
| Allowance / Loans (%) | — | 0.67% | 0.06% | 0.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.09 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 2.37% | 2.41% | 2.45% | 2.62% | 2.71% | 2.78% | 2.82% | 2.91% |
| ▁▁▃▄▆▇██ | Return on Assets (%) | 0.22% | 0.23% | 0.29% | 0.32% | 0.40% | 0.42% | 0.47% | 0.49% |
| ██▆▅▃▂▁▁ | Efficiency Ratio (%) | 89.2% | 88.2% | 85.9% | 85.6% | 82.7% | 81.3% | 79.6% | 80.6% |
| ███▃▃▄▃▁ | Cost of Funds (%) | 1.85% | 1.83% | 1.84% | 1.69% | 1.67% | 1.70% | 1.68% | 1.60% |
| ▂█▅▄▂▁▁▂ | NPA / Assets (%) | 0.17% | 0.42% | 0.27% | 0.26% | 0.18% | 0.10% | 0.10% | 0.15% |
| ▂█▅▃▁▁▁▂ | Net Charge-Off Ratio (%) | 0.25% | 0.63% | 0.41% | 0.31% | 0.18% | 0.14% | 0.15% | 0.22% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $33 | $36 | $35 | $36 | $37 | $39 | $40 | $40 |
| ▁▁▁▃▄██▇ | Gross Loans ($M) | $277 | $279 | $278 | $284 | $287 | $297 | $295 | $294 |
| ▁▁▅██▆▇█ | Total Deposits ($M) | $357 | $359 | $366 | $374 | $373 | $368 | $371 | $374 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |