Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.28 | 1.74% |
| Return on Equity (%) | ▼ | 16.36% | -0.51 | 16.87% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.28 | 4.06% |
| Efficiency Ratio (%) | ▲ | 45.40% | -2.31 | 47.71% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.50 | $3 |
| Cost of Funds (%) | ▲ | 0.25% | -0.01 | 0.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $476 | +59.76 | $416 |
| Gross Loans ($M) | ▲ | $125 | +2.09 | $123 |
| Loan Growth YoY (%) | ▼ | 29.77% | -3.57 | 33.35% |
| Total Deposits ($M) | ▲ | $414 | +50.72 | $364 |
| Shareholders Equity ($M) | ▲ | $61 | +9.06 | $52 |
| Tang. Book Value ($M) | ▲ | $61 | +9.06 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +9.06 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 29.77% | -3.57 | 33.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.07 | 0.25% |
| Allowance / Loans (%) | — | 1.01% | -0.03% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.15 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 41.84% | +3.72 | 38.11% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▁▄▃▃▁█ | Net Interest Margin (%) | 4.25% | 4.15% | 3.87% | 4.06% | 4.04% | 4.02% | 3.87% | 4.34% |
| ▄▃▁▄▃▂▁█ | Return on Assets (%) | 1.70% | 1.65% | 1.50% | 1.74% | 1.65% | 1.55% | 1.48% | 2.02% |
| ▆▇█▃▅██▁ | Efficiency Ratio (%) | 51.0% | 52.0% | 53.3% | 47.7% | 50.5% | 53.2% | 54.1% | 45.4% |
| ▇▇▁▇▇█▄▅ | Cost of Funds (%) | 0.27% | 0.27% | 0.20% | 0.27% | 0.27% | 0.29% | 0.24% | 0.25% |
| ▄█▂▆▂▂▁▁ | NPA / Assets (%) | 0.22% | 0.27% | 0.19% | 0.25% | 0.19% | 0.20% | 0.18% | 0.18% |
| ▆█▇▇▁▁▃▃ | Net Charge-Off Ratio (%) | 0.81% | 0.91% | 0.85% | 0.84% | 0.63% | 0.61% | 0.71% | 0.69% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $44 | $50 | $47 | $52 | $54 | $58 | $59 | $61 |
| ▁▄▆▇▇█▇▇ | Gross Loans ($M) | $107 | $116 | $121 | $123 | $124 | $127 | $124 | $125 |
| ▁▁█▂▂▁▆▅ | Total Deposits ($M) | $347 | $337 | $493 | $364 | $355 | $331 | $435 | $414 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |