Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.12 | 0.54% |
| Return on Equity (%) | ▲ | 7.22% | +0.82 | 6.40% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.44 | 3.37% |
| Efficiency Ratio (%) | ▲ | 76.17% | -1.31 | 77.48% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.63% | -0.11 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $477 | +12.33 | $465 |
| Gross Loans ($M) | ▲ | $336 | +38.24 | $298 |
| Loan Growth YoY (%) | ▲ | 77.87% | +8.19 | 69.68% |
| Total Deposits ($M) | ▲ | $427 | +4.07 | $423 |
| Shareholders Equity ($M) | ▲ | $43 | +3.27 | $40 |
| Tang. Book Value ($M) | ▲ | $40 | +3.62 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.08 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 77.87% | +8.19 | 69.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.41 | 0.90% |
| Allowance / Loans (%) | — | 0.99% | 0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.70% | -0.70 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.12% | 3.14% | 3.20% | 3.37% | 3.55% | 3.62% | 3.68% | 3.81% |
| ▁▁▁▂▇██▇ | Return on Assets (%) | 0.50% | 0.49% | 0.48% | 0.54% | 0.65% | 0.67% | 0.70% | 0.66% |
| █▇██▃▂▁▆ | Efficiency Ratio (%) | 77.3% | 76.7% | 77.2% | 77.5% | 74.9% | 74.5% | 73.7% | 76.2% |
| ███▄▁▃▃▁ | Cost of Funds (%) | 1.90% | 1.89% | 1.89% | 1.74% | 1.66% | 1.70% | 1.70% | 1.63% |
| ▆█▆▆▅▅▂▁ | NPA / Assets (%) | 0.87% | 1.06% | 0.91% | 0.90% | 0.85% | 0.79% | 0.58% | 0.50% |
| ▆█▇▇▆▄▂▁ | Net Charge-Off Ratio (%) | 1.28% | 1.53% | 1.33% | 1.41% | 1.25% | 1.12% | 0.82% | 0.70% |
| ▁▄▂▅▆▇██ | Tang. Book Value ($M) | $32 | $35 | $34 | $36 | $37 | $39 | $39 | $40 |
| ▁▂▃▃▃▅▇█ | Gross Loans ($M) | $282 | $291 | $296 | $298 | $302 | $312 | $323 | $336 |
| ▁▁▆▇▆▅▆█ | Total Deposits ($M) | $404 | $403 | $418 | $423 | $419 | $417 | $419 | $427 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 10% |