Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.32 | 0.57% |
| Return on Equity (%) | ▲ | 6.30% | +2.06 | 4.24% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.23 | 3.44% |
| Efficiency Ratio (%) | ▲ | 85.19% | -3.78 | 88.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 0.81% | -0.14 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $526 | +13.56 | $512 |
| Gross Loans ($M) | ▲ | $371 | +12.53 | $358 |
| Loan Growth YoY (%) | ▲ | 83.53% | +1.57 | 81.96% |
| Total Deposits ($M) | ▲ | $440 | +6.58 | $433 |
| Shareholders Equity ($M) | ▲ | $75 | +6.25 | $69 |
| Tang. Book Value ($M) | ▲ | $61 | +6.25 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +5.72 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 83.53% | +1.57 | 81.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.91% | +0.85 | 0.06% |
| Allowance / Loans (%) | — | 0.92% | 0.03% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 1.29% | +1.20 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▅▁▃▆██ | Net Interest Margin (%) | 3.58% | 3.60% | 3.57% | 3.44% | 3.51% | 3.60% | 3.67% | 3.67% |
| ▇█▆▁▅▇██ | Return on Assets (%) | 0.86% | 0.91% | 0.82% | 0.57% | 0.75% | 0.84% | 0.92% | 0.89% |
| ▁▁▂█▄▃▁▂ | Efficiency Ratio (%) | 84.8% | 84.2% | 85.4% | 89.0% | 86.5% | 85.5% | 84.5% | 85.2% |
| ▁▅███▆▃▃ | Cost of Funds (%) | 0.76% | 0.86% | 0.95% | 0.95% | 0.95% | 0.89% | 0.82% | 0.81% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.06% | 1.01% | 1.01% | 0.96% | 0.91% |
| ▁▁▁▁████ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.05% | 0.09% | 1.42% | 1.37% | 1.36% | 1.29% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $51 | $53 | $54 | $55 | $56 | $58 | $60 | $61 |
| ▁▃▅▅▇█▇█ | Gross Loans ($M) | $340 | $350 | $358 | $358 | $365 | $371 | $367 | $371 |
| ▇▁▃▇▆▄▇█ | Total Deposits ($M) | $436 | $412 | $422 | $433 | $432 | $423 | $435 | $440 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 9% |