Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.02 | 1.44% |
| Return on Equity (%) | ▼ | 10.68% | -0.27 | 10.95% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.26 | 3.76% |
| Efficiency Ratio (%) | ▼ | 65.62% | +2.09 | 63.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.19% | -0.24 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $558 | +5.19 | $553 |
| Gross Loans ($M) | ▲ | $376 | +9.64 | $366 |
| Loan Growth YoY (%) | ▲ | 77.35% | +1.78 | 75.57% |
| Total Deposits ($M) | ▲ | $479 | +2.72 | $477 |
| Shareholders Equity ($M) | ▲ | $74 | +2.19 | $72 |
| Tang. Book Value ($M) | ▲ | $74 | +2.19 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +1.60 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 77.35% | +1.78 | 75.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.73% | -0.10 | 0.83% |
| Allowance / Loans (%) | — | 1.32% | -0.29% | 1.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.74% | -0.45 | 1.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅███ | Net Interest Margin (%) | 3.60% | 3.68% | 3.71% | 3.76% | 3.83% | 3.97% | 4.01% | 4.01% |
| ▁▁▁▂▃█▇▂ | Return on Assets (%) | 1.31% | 1.37% | 1.32% | 1.44% | 1.50% | 2.06% | 1.90% | 1.47% |
| ██▇▇▆▁▂█ | Efficiency Ratio (%) | 66.0% | 65.2% | 64.6% | 63.5% | 63.2% | 55.9% | 58.1% | 65.6% |
| ▆█▇▅▅▅▄▁ | Cost of Funds (%) | 1.48% | 1.61% | 1.55% | 1.42% | 1.44% | 1.45% | 1.35% | 1.19% |
| ▄▁▁█▆▄█▇ | NPA / Assets (%) | 0.40% | 0.13% | 0.15% | 0.83% | 0.60% | 0.46% | 0.82% | 0.73% |
| ▄▁▁█▅▂▆▅ | Net Charge-Off Ratio (%) | 0.55% | 0.13% | 0.15% | 1.19% | 0.74% | 0.34% | 0.82% | 0.74% |
| ▁▂▄▄▃▆██ | Tang. Book Value ($M) | $70 | $71 | $72 | $72 | $71 | $73 | $75 | $74 |
| ▆▇▇▆▄▁▇█ | Gross Loans ($M) | $368 | $371 | $371 | $366 | $358 | $346 | $370 | $376 |
| █▅▃▆▅▃▁▇ | Total Deposits ($M) | $489 | $473 | $464 | $477 | $474 | $464 | $450 | $479 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |