Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.16 | 0.99% |
| Return on Equity (%) | ▲ | 11.66% | +1.27 | 10.39% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.21 | 3.40% |
| Efficiency Ratio (%) | ▲ | 64.09% | -2.41 | 66.51% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.63 | $3 |
| Cost of Funds (%) | ▲ | 1.44% | -0.16 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,091 | +31.82 | $1,059 |
| Gross Loans ($M) | ▲ | $843 | +23.79 | $819 |
| Loan Growth YoY (%) | ▼ | 89.28% | -1.16 | 90.44% |
| Total Deposits ($M) | ▲ | $934 | +37.58 | $897 |
| Shareholders Equity ($M) | ▲ | $108 | +9.28 | $99 |
| Tang. Book Value ($M) | ▲ | $106 | +9.37 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +10.42 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 89.28% | -1.16 | 90.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.05 | 0.10% |
| Allowance / Loans (%) | — | 1.06% | 0.05% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.07 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.25% | 3.27% | 3.30% | 3.40% | 3.49% | 3.54% | 3.61% | 3.61% |
| ▁▂▂▅▆▇██ | Return on Assets (%) | 0.78% | 0.83% | 0.84% | 0.99% | 1.02% | 1.10% | 1.13% | 1.15% |
| █▇▇▃▂▁▁▁ | Efficiency Ratio (%) | 73.0% | 71.7% | 71.5% | 66.5% | 65.8% | 64.0% | 64.0% | 64.1% |
| ▆█▆▃▃▃▂▁ | Cost of Funds (%) | 1.74% | 1.91% | 1.75% | 1.60% | 1.61% | 1.60% | 1.52% | 1.44% |
| ▂▁█▄▁▅▃▂ | NPA / Assets (%) | 0.04% | 0.02% | 0.22% | 0.10% | 0.04% | 0.12% | 0.09% | 0.05% |
| ▁▁█▄▁▅▃▂ | Net Charge-Off Ratio (%) | 0.04% | 0.02% | 0.26% | 0.13% | 0.05% | 0.15% | 0.11% | 0.07% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $91 | $93 | $94 | $96 | $98 | $101 | $104 | $106 |
| ▁▃▃▄▃█▇▇ | Gross Loans ($M) | $799 | $813 | $813 | $819 | $818 | $853 | $846 | $843 |
| ▁▁▁▆▃▅▆█ | Total Deposits ($M) | $829 | $824 | $822 | $897 | $864 | $885 | $903 | $934 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |