Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.99% | +0.14 | 1.85% |
| Return on Equity (%) | ▲ | 15.54% | +0.48 | 15.06% |
| Net Interest Margin (%) | ▲ | 5.28% | +0.14 | 5.14% |
| Efficiency Ratio (%) | ▲ | 51.77% | -2.69 | 54.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.22 | $1 |
| Cost of Funds (%) | ▼ | 0.92% | +0.08 | 0.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $247 | +14.51 | $233 |
| Gross Loans ($M) | ▲ | $173 | +10.66 | $163 |
| Loan Growth YoY (%) | ▲ | 84.43% | +2.44 | 82.00% |
| Total Deposits ($M) | ▲ | $203 | +6.85 | $196 |
| Shareholders Equity ($M) | ▲ | $32 | +3.19 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +3.19 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +2.96 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 84.43% | +2.44 | 82.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 1.20% | -0.02% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇██ | Net Interest Margin (%) | 4.94% | 5.00% | 5.07% | 5.14% | 5.16% | 5.23% | 5.25% | 5.28% |
| ▅▆▁▂▅█▃▆ | Return on Assets (%) | 1.95% | 1.98% | 1.80% | 1.85% | 1.96% | 2.09% | 1.87% | 1.99% |
| ▂▂█▇▄▁▇▃ | Efficiency Ratio (%) | 51.4% | 50.8% | 55.7% | 54.5% | 52.5% | 50.0% | 54.9% | 51.8% |
| ▇██▁▂▅▅▂ | Cost of Funds (%) | 1.10% | 1.15% | 1.15% | 0.84% | 0.91% | 1.01% | 1.01% | 0.92% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 1.11% | 0.00% | 0.00% | 0.04% | 0.03% | 0.04% | 0.03% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 1.72% | 0.00% | 0.00% | 0.05% | 0.05% | 0.06% | 0.05% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $27 | $28 | $28 | $29 | $30 | $31 | $32 | $32 |
| ▃▄▁▅▇▆▅█ | Gross Loans ($M) | $158 | $161 | $150 | $163 | $169 | $166 | $164 | $173 |
| ▁▄▃▃▄█▇▅ | Total Deposits ($M) | $190 | $199 | $196 | $196 | $198 | $211 | $206 | $203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 10% |