Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.35 | 1.02% |
| Return on Equity (%) | ▲ | 20.13% | +1.52 | 18.61% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.47 | 2.49% |
| Efficiency Ratio (%) | ▲ | 58.49% | -5.90 | 64.39% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $2 |
| Cost of Funds (%) | ▲ | 1.39% | -0.22 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $854 | +18.49 | $835 |
| Gross Loans ($M) | ▲ | $482 | +41.29 | $441 |
| Loan Growth YoY (%) | ▲ | 60.18% | +4.41 | 55.78% |
| Total Deposits ($M) | ▲ | $792 | +10.62 | $782 |
| Shareholders Equity ($M) | ▲ | $57 | +7.43 | $49 |
| Tang. Book Value ($M) | ▲ | $55 | +7.65 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +7.74 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 60.18% | +4.41 | 55.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.21 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.95% | -0.50 | 15.45% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▆█ | Net Interest Margin (%) | 2.16% | 2.17% | 2.21% | 2.49% | 2.50% | 2.56% | 2.70% | 2.96% |
| ▁▁▂▄▅▅▆█ | Return on Assets (%) | 0.70% | 0.77% | 0.82% | 1.02% | 1.05% | 1.10% | 1.18% | 1.37% |
| █▇▆▄▃▂▁▁ | Efficiency Ratio (%) | 72.9% | 70.6% | 69.2% | 64.4% | 63.3% | 61.5% | 59.9% | 58.5% |
| ██▇▄▃▄▃▁ | Cost of Funds (%) | 1.89% | 1.96% | 1.86% | 1.61% | 1.60% | 1.64% | 1.57% | 1.39% |
| ▁▁▁▁▁▁▆█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.12% |
| ▁▁▁▁▁▁▆█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.21% |
| ▁▅▂▅▅███ | Tang. Book Value ($M) | $35 | $47 | $39 | $47 | $47 | $55 | $56 | $55 |
| ▂▂▂▁▃▆██ | Gross Loans ($M) | $447 | $446 | $447 | $441 | $454 | $471 | $483 | $482 |
| ▁▁▁▁▇█▁▄ | Total Deposits ($M) | $780 | $782 | $779 | $782 | $802 | $809 | $782 | $792 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |