Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.18 | 1.03% |
| Return on Equity (%) | ▼ | 20.31% | -2.84 | 23.15% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.19 | 3.34% |
| Efficiency Ratio (%) | ▲ | 67.85% | -3.97 | 71.82% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.02 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +19.28 | $340 |
| Gross Loans ($M) | ▲ | $233 | +24.80 | $209 |
| Loan Growth YoY (%) | ▲ | 68.36% | +4.82 | 63.55% |
| Total Deposits ($M) | ▲ | $338 | +14.40 | $323 |
| Shareholders Equity ($M) | ▲ | $20 | +4.89 | $15 |
| Tang. Book Value ($M) | ▲ | $20 | +4.89 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +5.11 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 68.36% | +4.82 | 63.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.07 | 0.39% |
| Allowance / Loans (%) | — | 1.02% | -0.42% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.08 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.07% | +0.37 | 11.70% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▄▅▅█ | Net Interest Margin (%) | 3.33% | 3.35% | 3.35% | 3.34% | 3.41% | 3.44% | 3.45% | 3.53% |
| ▂▁▂▄▅▄▅█ | Return on Assets (%) | 0.94% | 0.87% | 0.92% | 1.03% | 1.05% | 1.03% | 1.06% | 1.21% |
| ▃▅█▃▃▄▄▁ | Efficiency Ratio (%) | 71.5% | 74.2% | 78.6% | 71.8% | 71.6% | 71.9% | 72.3% | 67.9% |
| ▁█▇▃▄▄▅▂ | Cost of Funds (%) | 1.37% | 1.57% | 1.54% | 1.43% | 1.46% | 1.46% | 1.48% | 1.41% |
| ▅▁▇▅█▆▇█ | NPA / Assets (%) | 0.39% | 0.28% | 0.45% | 0.39% | 0.47% | 0.41% | 0.43% | 0.47% |
| ▅▁▇▅█▆▆▇ | Net Charge-Off Ratio (%) | 0.64% | 0.44% | 0.71% | 0.64% | 0.76% | 0.66% | 0.65% | 0.72% |
| ▁▄▂▃▅▇█▇ | Tang. Book Value ($M) | $13 | $17 | $14 | $15 | $17 | $20 | $22 | $20 |
| ▁▁▂▂▂▅██ | Gross Loans ($M) | $203 | $206 | $208 | $209 | $210 | $218 | $231 | $233 |
| ▃▁▄▅▅▇▆█ | Total Deposits ($M) | $315 | $306 | $318 | $323 | $325 | $330 | $327 | $338 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 32% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |