Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.38% | +0.00 | 0.38% |
| Return on Equity (%) | ▲ | 4.45% | +0.07 | 4.38% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.18 | 2.74% |
| Efficiency Ratio (%) | ▲ | 83.05% | -5.68 | 88.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $0 |
| Cost of Funds (%) | ▲ | 1.52% | -0.09 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $580 | +27.44 | $552 |
| Gross Loans ($M) | ▼ | $449 | -8.52 | $458 |
| Loan Growth YoY (%) | ▼ | 88.46% | -7.75 | 96.21% |
| Total Deposits ($M) | ▲ | $505 | +31.30 | $473 |
| Shareholders Equity ($M) | ▲ | $50 | +2.39 | $48 |
| Tang. Book Value ($M) | ▲ | $50 | +2.42 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +2.13 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 88.46% | -7.75 | 96.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.65% | 0.11% | 0.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.26% | +1.15 | 13.11% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇██ | Net Interest Margin (%) | 2.33% | 2.44% | 2.50% | 2.74% | 2.77% | 2.82% | 2.87% | 2.93% |
| ▁▃▂▇▆▇█▇ | Return on Assets (%) | 0.20% | 0.26% | 0.25% | 0.38% | 0.35% | 0.37% | 0.41% | 0.38% |
| █▆▆▄▃▁▁▁ | Efficiency Ratio (%) | 98.0% | 93.1% | 92.1% | 88.7% | 86.5% | 83.8% | 81.9% | 83.0% |
| █▄▇▄▁▁▄▂ | Cost of Funds (%) | 1.81% | 1.62% | 1.74% | 1.62% | 1.50% | 1.47% | 1.63% | 1.52% |
| █▇▇▅▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▇▇▅▁▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.04% | 0.04% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $46 | $47 | $47 | $48 | $48 | $49 | $50 | $50 |
| █▅▄▄▅▁▁▂ | Gross Loans ($M) | $471 | $460 | $458 | $458 | $458 | $447 | $445 | $449 |
| ▁▄▂▁▄█▅▄ | Total Deposits ($M) | $464 | $497 | $477 | $473 | $495 | $546 | $514 | $505 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 6% |