Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.40 | 0.36% |
| Return on Equity (%) | ▲ | 11.02% | +5.26 | 5.76% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.54 | 3.64% |
| Efficiency Ratio (%) | ▲ | 80.06% | -1.76 | 81.82% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.45% | -0.35 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $643 | +30.24 | $613 |
| Gross Loans ($M) | ▲ | $498 | +36.72 | $462 |
| Loan Growth YoY (%) | ▲ | 84.48% | +3.37 | 81.10% |
| Total Deposits ($M) | ▲ | $586 | +21.59 | $565 |
| Shareholders Equity ($M) | ▲ | $45 | +5.63 | $39 |
| Tang. Book Value ($M) | ▲ | $45 | +5.64 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +6.47 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 84.48% | +3.37 | 81.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.03 | 0.37% |
| Allowance / Loans (%) | — | 0.61% | -0.17% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.10 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.37% | +0.12 | 11.25% |
Noninterest income ($1.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 3.55% | 3.52% | 3.55% | 3.64% | 3.72% | 3.77% | 3.87% | 4.18% |
| ▃▄▄▁▃▅▇█ | Return on Assets (%) | 0.49% | 0.55% | 0.56% | 0.36% | 0.49% | 0.61% | 0.71% | 0.76% |
| ▆▄▄█▇▅▁▃ | Efficiency Ratio (%) | 81.1% | 80.2% | 80.2% | 81.8% | 81.3% | 80.7% | 79.1% | 80.1% |
| ▆██▇▅▄▂▁ | Cost of Funds (%) | 1.76% | 1.86% | 1.91% | 1.81% | 1.68% | 1.65% | 1.55% | 1.45% |
| ▁▁▁▂▂█▁▁ | NPA / Assets (%) | 0.36% | 0.33% | 0.34% | 0.37% | 0.38% | 0.64% | 0.33% | 0.35% |
| ▁▁▂▃▃█▁▁ | Net Charge-Off Ratio (%) | 0.33% | 0.32% | 0.41% | 0.44% | 0.45% | 0.80% | 0.34% | 0.34% |
| ▁▃▁▂▃▆██ | Tang. Book Value ($M) | $38 | $40 | $38 | $39 | $40 | $43 | $45 | $45 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $448 | $458 | $462 | $462 | $468 | $476 | $491 | $498 |
| ▁▃▅▅▆▇█▇ | Total Deposits ($M) | $531 | $550 | $571 | $565 | $578 | $588 | $597 | $586 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 14% |
| Consumer | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |