Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.91 | 1.10% |
| Return on Equity (%) | ▲ | 25.69% | +7.44 | 18.25% |
| Net Interest Margin (%) | ▲ | 4.76% | +0.29 | 4.48% |
| Efficiency Ratio (%) | ▲ | 53.82% | -10.89 | 64.71% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.98 | $2 |
| Cost of Funds (%) | ▲ | 0.95% | -0.23 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $443 | +31.69 | $412 |
| Gross Loans ($M) | ▲ | $199 | +17.68 | $181 |
| Loan Growth YoY (%) | ▲ | 51.31% | +1.60 | 49.71% |
| Total Deposits ($M) | ▲ | $378 | +22.59 | $355 |
| Shareholders Equity ($M) | ▲ | $35 | +8.85 | $26 |
| Tang. Book Value ($M) | ▲ | $35 | +8.85 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +10.03 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 51.31% | +1.60 | 49.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.08 | 0.61% |
| Allowance / Loans (%) | — | 2.44% | -0.01% | 2.45% |
| Net Charge-Off Ratio (%) | ▼ | 1.54% | +0.16 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 3.98% | 4.05% | 4.12% | 4.48% | 4.61% | 4.59% | 4.64% | 4.76% |
| ▃▄▃▁▅███ | Return on Assets (%) | 1.43% | 1.46% | 1.42% | 1.10% | 1.60% | 1.90% | 1.90% | 2.00% |
| ██▇▇▄▃▄▁ | Efficiency Ratio (%) | 68.0% | 68.2% | 66.3% | 64.7% | 61.0% | 58.7% | 59.8% | 53.8% |
| ██▇▄▄▅▂▁ | Cost of Funds (%) | 1.43% | 1.42% | 1.32% | 1.18% | 1.16% | 1.21% | 1.04% | 0.95% |
| ▁▁▂▆▇███ | NPA / Assets (%) | 0.41% | 0.44% | 0.45% | 0.61% | 0.66% | 0.71% | 0.70% | 0.69% |
| ▁▁▁▅███▇ | Net Charge-Off Ratio (%) | 0.95% | 1.02% | 0.99% | 1.38% | 1.58% | 1.62% | 1.64% | 1.54% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $21 | $25 | $23 | $26 | $27 | $31 | $34 | $35 |
| ▁▂▅▄▅▄▅█ | Gross Loans ($M) | $166 | $171 | $184 | $181 | $184 | $182 | $184 | $199 |
| ▁▁▄▅█▆██ | Total Deposits ($M) | $331 | $335 | $349 | $355 | $378 | $362 | $377 | $378 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 3% |