Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.83 | 1.11% |
| Return on Equity (%) | ▲ | 18.53% | +7.88 | 10.65% |
| Net Interest Margin (%) | ▼ | 5.44% | -0.48 | 5.92% |
| Efficiency Ratio (%) | ▼ | 63.32% | +6.43 | 56.89% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.00 | $5 |
| Cost of Funds (%) | ▼ | 0.84% | +0.05 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $698 | -23.68 | $721 |
| Gross Loans ($M) | ▼ | $485 | -0.59 | $485 |
| Loan Growth YoY (%) | ▲ | 76.47% | +2.77 | 73.71% |
| Total Deposits ($M) | ▼ | $618 | -23.72 | $642 |
| Shareholders Equity ($M) | ▼ | $74 | -1.25 | $75 |
| Tang. Book Value ($M) | ▼ | $74 | -1.25 | $75 |
| TBV excl. AOCI ($M)** | ▼ | $79 | -0.84 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 76.47% | +2.77 | 73.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.09% | +1.32 | 0.78% |
| Allowance / Loans (%) | — | 2.51% | -0.04% | 2.54% |
| Net Charge-Off Ratio (%) | ▼ | 2.38% | +1.54 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▅▆▆▅▁ | Net Interest Margin (%) | 6.19% | 6.27% | 6.33% | 5.92% | 6.02% | 6.04% | 5.92% | 5.44% |
| ███▁▁▂▃▄ | Return on Assets (%) | 2.79% | 2.87% | 2.76% | 1.11% | 1.23% | 1.44% | 1.64% | 1.95% |
| ▁▁▁▃▂▁▃█ | Efficiency Ratio (%) | 54.9% | 54.2% | 54.1% | 56.9% | 55.3% | 55.1% | 56.7% | 63.3% |
| ▄▂█▁▁▁▆▄ | Cost of Funds (%) | 0.84% | 0.81% | 0.91% | 0.79% | 0.79% | 0.78% | 0.87% | 0.84% |
| ▄▂▁▂▂███ | NPA / Assets (%) | 1.20% | 0.76% | 0.49% | 0.78% | 0.76% | 2.29% | 2.08% | 2.09% |
| ▃▂▁▂▂██▇ | Net Charge-Off Ratio (%) | 1.08% | 0.98% | 0.37% | 0.84% | 0.80% | 3.04% | 2.75% | 2.38% |
| ▁▄▆▇▆██▆ | Tang. Book Value ($M) | $66 | $72 | $74 | $75 | $74 | $78 | $76 | $74 |
| ▁▁█▁█▆▄▁ | Gross Loans ($M) | $486 | $485 | $500 | $485 | $500 | $496 | $492 | $485 |
| ▁▇▄███▇▅ | Total Deposits ($M) | $588 | $636 | $613 | $642 | $647 | $642 | $633 | $618 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 41% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 55% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 6% |