Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.02% | +1.17 | 1.85% |
| Return on Equity (%) | ▲ | 17.83% | +6.07 | 11.76% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.22 | 4.02% |
| Efficiency Ratio (%) | ▲ | 39.94% | -10.99 | 50.93% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.66 | $4 |
| Cost of Funds (%) | ▲ | 1.27% | -0.13 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $945 | +18.49 | $926 |
| Gross Loans ($M) | ▲ | $531 | +22.78 | $508 |
| Loan Growth YoY (%) | ▲ | 73.64% | +2.99 | 70.65% |
| Total Deposits ($M) | ▲ | $701 | +2.70 | $698 |
| Shareholders Equity ($M) | ▲ | $162 | +16.63 | $146 |
| Tang. Book Value ($M) | ▲ | $157 | +17.87 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +16.55 | $156 |
| Loan / Deposit Ratio (%) | ▲ | 73.64% | +2.99 | 70.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.05 | 0.24% |
| Allowance / Loans (%) | — | 2.85% | -0.15% | 3.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.07 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▄███ | Net Interest Margin (%) | 3.95% | 4.00% | 4.05% | 4.02% | 4.11% | 4.24% | 4.28% | 4.24% |
| ▁▁▁▁▂▃▃█ | Return on Assets (%) | 1.82% | 1.83% | 1.73% | 1.85% | 1.92% | 2.20% | 2.09% | 3.02% |
| ████▇▆▆▁ | Efficiency Ratio (%) | 52.2% | 52.4% | 52.3% | 50.9% | 50.0% | 48.7% | 48.6% | 39.9% |
| ▃▇█▆▅▅▄▁ | Cost of Funds (%) | 1.33% | 1.45% | 1.47% | 1.40% | 1.40% | 1.39% | 1.35% | 1.27% |
| ▁▁▂▄█▇▁▆ | NPA / Assets (%) | 0.12% | 0.11% | 0.15% | 0.24% | 0.38% | 0.34% | 0.11% | 0.28% |
| ▂▁▂▅█▇▁▆ | Net Charge-Off Ratio (%) | 0.22% | 0.13% | 0.26% | 0.43% | 0.68% | 0.58% | 0.19% | 0.50% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $130 | $133 | $135 | $139 | $142 | $147 | $152 | $157 |
| ▁▄▅▄▆██▇ | Gross Loans ($M) | $485 | $507 | $516 | $508 | $519 | $538 | $532 | $531 |
| ▁▄▂█▇███ | Total Deposits ($M) | $665 | $680 | $674 | $698 | $694 | $701 | $700 | $701 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 7% |