Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.55 | 1.22% |
| Return on Equity (%) | ▲ | 18.95% | +4.57 | 14.38% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.41 | 4.11% |
| Efficiency Ratio (%) | ▲ | 62.71% | -8.81 | 71.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.61 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.25 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $403 | +12.04 | $391 |
| Gross Loans ($M) | ▲ | $283 | +4.85 | $278 |
| Loan Growth YoY (%) | ▼ | 77.60% | -1.57 | 79.17% |
| Total Deposits ($M) | ▲ | $360 | +12.06 | $348 |
| Shareholders Equity ($M) | ▲ | $38 | +4.32 | $34 |
| Tang. Book Value ($M) | ▲ | $38 | +4.32 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +4.89 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 77.60% | -1.57 | 79.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.86% | -0.14 | 1.00% |
| Allowance / Loans (%) | — | 1.02% | 0.33% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.04 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 3.92% | 3.99% | 4.00% | 4.11% | 4.21% | 4.36% | 4.42% | 4.52% |
| ▁▁▁▁▃▅▇█ | Return on Assets (%) | 1.25% | 1.20% | 1.27% | 1.22% | 1.36% | 1.52% | 1.68% | 1.77% |
| ██▇█▅▃▁▁ | Efficiency Ratio (%) | 71.1% | 70.8% | 70.3% | 71.5% | 67.7% | 65.2% | 63.4% | 62.7% |
| ▆█▇▆▆▄▃▁ | Cost of Funds (%) | 1.66% | 1.76% | 1.68% | 1.67% | 1.67% | 1.58% | 1.52% | 1.43% |
| ▁▃▇▇█▅▆▅ | NPA / Assets (%) | 0.56% | 0.75% | 1.04% | 1.00% | 1.11% | 0.89% | 0.91% | 0.86% |
| ▁▃▆▆█▆▆▅ | Net Charge-Off Ratio (%) | 0.42% | 0.63% | 0.94% | 0.89% | 1.13% | 0.87% | 0.92% | 0.85% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $31 | $34 | $32 | $34 | $35 | $37 | $37 | $38 |
| ▁▆▅▆█▇▇█ | Gross Loans ($M) | $266 | $278 | $276 | $278 | $281 | $279 | $279 | $283 |
| ▃▁▄▅▇███ | Total Deposits ($M) | $342 | $332 | $345 | $348 | $357 | $360 | $363 | $360 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |