Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.34 | 0.70% |
| Return on Equity (%) | ▲ | 14.46% | +5.57 | 8.89% |
| Net Interest Margin (%) | ▲ | 3.04% | +0.23 | 2.81% |
| Efficiency Ratio (%) | ▲ | 63.89% | -6.83 | 70.72% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.71 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.74 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $435 | +100.81 | $334 |
| Gross Loans ($M) | ▲ | $283 | +18.85 | $264 |
| Loan Growth YoY (%) | ▼ | 73.02% | -19.38 | 92.40% |
| Total Deposits ($M) | ▲ | $384 | +100.80 | $283 |
| Shareholders Equity ($M) | ▲ | $29 | +3.44 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +3.51 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 73.02% | -19.38 | 92.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.56% | -0.00 | 1.57% |
| Allowance / Loans (%) | — | 1.00% | -0.04% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.37 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.01% | +1.18 | 10.83% |
Noninterest income ($1.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▃▃▁▂▄█▇ | Net Interest Margin (%) | 3.00% | 2.90% | 2.91% | 2.81% | 2.84% | 2.95% | 3.10% | 3.04% |
| ▂▁▁▁▁▂▃█ | Return on Assets (%) | 0.75% | 0.73% | 0.74% | 0.70% | 0.72% | 0.76% | 0.83% | 1.04% |
| ██████▇▁ | Efficiency Ratio (%) | 70.7% | 70.6% | 70.8% | 70.7% | 70.6% | 70.8% | 69.2% | 63.9% |
| ▇██▆▆▅▄▁ | Cost of Funds (%) | 2.51% | 2.64% | 2.76% | 2.49% | 2.40% | 2.29% | 2.14% | 1.74% |
| ▅▁▃▂▁█▃▂ | NPA / Assets (%) | 1.80% | 1.50% | 1.62% | 1.57% | 1.46% | 2.02% | 1.61% | 1.56% |
| ▇▃▄▁▁█▂▆ | Net Charge-Off Ratio (%) | 1.73% | 1.47% | 1.55% | 1.26% | 1.24% | 1.87% | 1.33% | 1.64% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $24 | $24 | $25 | $26 | $26 | $27 | $28 | $29 |
| ▁▁▂▁▂▅██ | Gross Loans ($M) | $264 | $265 | $268 | $264 | $268 | $275 | $281 | $283 |
| ▁▁▁▂▃▄▄█ | Total Deposits ($M) | $260 | $275 | $270 | $283 | $306 | $316 | $319 | $384 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |