Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.19% | +0.10 | 2.09% |
| Return on Equity (%) | ▼ | 12.32% | -0.81 | 13.13% |
| Net Interest Margin (%) | ▼ | 4.57% | -0.13 | 4.70% |
| Efficiency Ratio (%) | ▲ | 49.94% | -4.59 | 54.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $2 |
| Cost of Funds (%) | ▼ | 0.60% | +0.01 | 0.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $373 | +8.22 | $365 |
| Gross Loans ($M) | ▼ | $149 | -6.45 | $155 |
| Loan Growth YoY (%) | ▼ | 47.93% | -2.43 | 50.36% |
| Total Deposits ($M) | ▲ | $306 | +1.65 | $305 |
| Shareholders Equity ($M) | ▲ | $66 | +6.62 | $59 |
| Tang. Book Value ($M) | ▲ | $66 | +6.62 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +7.34 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 47.93% | -2.43 | 50.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.01 | 0.07% |
| Allowance / Loans (%) | — | 1.41% | 0.17% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.07 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▃▄▇██▁ | Net Interest Margin (%) | 4.71% | 4.65% | 4.65% | 4.70% | 4.79% | 4.85% | 4.84% | 4.57% |
| █▆▅▁▃▄▅▂ | Return on Assets (%) | 2.56% | 2.42% | 2.35% | 2.09% | 2.25% | 2.32% | 2.35% | 2.19% |
| ▁▃▄█▆▅▄▄ | Efficiency Ratio (%) | 46.2% | 48.6% | 49.9% | 54.5% | 52.3% | 50.7% | 49.8% | 49.9% |
| ▁▅██████ | Cost of Funds (%) | 0.39% | 0.51% | 0.61% | 0.60% | 0.62% | 0.62% | 0.62% | 0.60% |
| ▁█▄▁█▇▃▂ | NPA / Assets (%) | 0.07% | 0.16% | 0.10% | 0.07% | 0.16% | 0.15% | 0.10% | 0.08% |
| ▁█▃▁█▂▄▃ | Net Charge-Off Ratio (%) | 0.14% | 0.38% | 0.22% | 0.14% | 0.36% | 0.18% | 0.23% | 0.21% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $53 | $58 | $56 | $59 | $59 | $63 | $66 | $66 |
| ▁▁▄██▃▆▅ | Gross Loans ($M) | $142 | $143 | $149 | $155 | $155 | $146 | $152 | $149 |
| ▂▁▄▇▂▂▆█ | Total Deposits ($M) | $298 | $295 | $300 | $305 | $298 | $298 | $303 | $306 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 15% |
| Consumer | 17% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 4% |