Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.59% | -0.07 | 0.65% |
| Return on Equity (%) | ▼ | 5.28% | -1.79 | 7.07% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.14 | 3.63% |
| Efficiency Ratio (%) | ▼ | 86.09% | +2.97 | 83.13% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.05 | $0 |
| Cost of Funds (%) | ▼ | 0.64% | +0.05 | 0.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $154 | -7.06 | $161 |
| Gross Loans ($M) | ▼ | $53 | -0.76 | $54 |
| Loan Growth YoY (%) | ▲ | 38.98% | +1.96 | 37.01% |
| Total Deposits ($M) | ▼ | $135 | -9.17 | $144 |
| Shareholders Equity ($M) | ▲ | $17 | +2.06 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.06 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.91 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 38.98% | +1.96 | 37.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.16 | 0.03% |
| Allowance / Loans (%) | — | 1.39% | -0.01% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.46 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 32.91% | +2.18 | 30.74% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 3.51% | 3.54% | 3.57% | 3.63% | 3.70% | 3.77% | 3.78% | 3.77% |
| ▆██▂▅▇█▁ | Return on Assets (%) | 0.88% | 0.97% | 1.01% | 0.65% | 0.85% | 0.95% | 0.97% | 0.59% |
| ▂▁▁▆▃▂▂█ | Efficiency Ratio (%) | 77.7% | 75.7% | 75.0% | 83.1% | 78.8% | 76.7% | 76.5% | 86.1% |
| ▁▁▅▃▅▇█▇ | Cost of Funds (%) | 0.57% | 0.57% | 0.62% | 0.59% | 0.61% | 0.64% | 0.66% | 0.64% |
| █▆▇▁▄▁▇▇ | NPA / Assets (%) | 0.24% | 0.18% | 0.21% | 0.03% | 0.13% | 0.02% | 0.21% | 0.19% |
| █▆▆▁▄▁▇▆ | Net Charge-Off Ratio (%) | 0.74% | 0.49% | 0.56% | 0.06% | 0.32% | 0.04% | 0.57% | 0.52% |
| ▁▅▁▃▄▇█▇ | Tang. Book Value ($M) | $14 | $16 | $14 | $15 | $15 | $17 | $17 | $17 |
| ▁▃▆██▇█▇ | Gross Loans ($M) | $51 | $52 | $53 | $54 | $54 | $53 | $54 | $53 |
| ▆▄▂██▂▁▁ | Total Deposits ($M) | $141 | $140 | $137 | $144 | $145 | $136 | $136 | $135 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 22% |
| Consumer | 10% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 9% |