Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.81 | 0.15% |
| Return on Equity (%) | ▲ | 9.42% | +7.91 | 1.51% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.68 | 3.63% |
| Efficiency Ratio (%) | ▲ | 68.59% | -24.09 | 92.68% |
| Pre-Provision Profit ($M) | ▲ | $3 | +2.95 | $0 |
| Cost of Funds (%) | ▲ | 1.60% | -0.49 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $900 | +232.72 | $667 |
| Gross Loans ($M) | ▲ | $694 | +183.93 | $510 |
| Loan Growth YoY (%) | ▼ | 87.89% | -0.20 | 88.10% |
| Total Deposits ($M) | ▲ | $782 | +209.60 | $572 |
| Shareholders Equity ($M) | ▲ | $92 | +26.76 | $66 |
| Tang. Book Value ($M) | ▲ | $83 | +27.50 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +27.39 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 87.89% | -0.20 | 88.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.35 | 0.43% |
| Allowance / Loans (%) | — | 0.95% | -0.17% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.39 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.46% | +1.36 | 11.10% |
Noninterest income ($1.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▂▂▃█ | Net Interest Margin (%) | 3.73% | 3.72% | 3.78% | 3.63% | 3.73% | 3.74% | 3.84% | 4.31% |
| ▆▆▅▄▃▁▂█ | Return on Assets (%) | 0.50% | 0.59% | 0.43% | 0.15% | 0.12% | -0.35% | -0.07% | 0.96% |
| ▂▃▄▅▅█▇▁ | Efficiency Ratio (%) | 75.2% | 79.8% | 84.1% | 92.7% | 88.9% | 108.4% | 98.8% | 68.6% |
| █▆█▆▆▅▃▁ | Cost of Funds (%) | 2.34% | 2.13% | 2.30% | 2.09% | 2.11% | 1.99% | 1.80% | 1.60% |
| █▄▄█▆▅▁▁ | NPA / Assets (%) | 0.45% | 0.24% | 0.24% | 0.43% | 0.33% | 0.30% | 0.11% | 0.08% |
| █▃▃▇▆▅▁▁ | Net Charge-Off Ratio (%) | 0.60% | 0.26% | 0.23% | 0.49% | 0.43% | 0.39% | 0.16% | 0.10% |
| ▁▁▁▁▃███ | Tang. Book Value ($M) | $52 | $55 | $55 | $55 | $61 | $79 | $81 | $83 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $440 | $441 | $495 | $510 | $563 | $626 | $601 | $694 |
| ▁▂▂▃▅▇██ | Total Deposits ($M) | $501 | $558 | $556 | $572 | $646 | $716 | $774 | $782 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |