Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.35 | 1.14% |
| Return on Equity (%) | ▼ | 8.57% | -3.70 | 12.27% |
| Net Interest Margin (%) | ▼ | 7.27% | -0.32 | 7.58% |
| Efficiency Ratio (%) | ▲ | 86.94% | -1.44 | 88.38% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.38 | $4 |
| Cost of Funds (%) | ▲ | 2.32% | -0.17 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $960 | +155.87 | $804 |
| Gross Loans ($M) | ▲ | $769 | +157.75 | $612 |
| Loan Growth YoY (%) | ▲ | 126.29% | +13.13 | 113.16% |
| Total Deposits ($M) | ▲ | $603 | +68.38 | $534 |
| Shareholders Equity ($M) | ▲ | $91 | +13.96 | $77 |
| Tang. Book Value ($M) | ▲ | $90 | +22.30 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +21.02 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 126.29% | +13.13 | 113.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.16 | 0.19% |
| Allowance / Loans (%) | — | 1.09% | -0.08% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.23 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.17% | -0.76 | 12.93% |
Noninterest income ($21.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅█▃██▇▁ | Net Interest Margin (%) | 7.57% | 7.84% | 8.13% | 7.58% | 8.13% | 8.21% | 8.06% | 7.27% |
| ▅▆▅▄▇█▇▁ | Return on Assets (%) | 1.26% | 1.37% | 1.35% | 1.14% | 1.56% | 1.68% | 1.51% | 0.80% |
| ▅▄▆█▂▁▄▄ | Efficiency Ratio (%) | 87.5% | 87.1% | 87.5% | 88.4% | 86.4% | 85.9% | 87.0% | 86.9% |
| ▆██▄▃▅▂▁ | Cost of Funds (%) | 2.57% | 2.71% | 2.71% | 2.49% | 2.42% | 2.53% | 2.40% | 2.32% |
| ▅▂▄▄▂▁█▇ | NPA / Assets (%) | 0.27% | 0.12% | 0.19% | 0.19% | 0.09% | 0.03% | 0.43% | 0.35% |
| ▆▃▃▃▂▁█▇ | Net Charge-Off Ratio (%) | 0.38% | 0.17% | 0.21% | 0.20% | 0.08% | 0.00% | 0.55% | 0.44% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $59 | $64 | $65 | $68 | $72 | $75 | $87 | $90 |
| ▁▁▂▃▆▆▇█ | Gross Loans ($M) | $549 | $563 | $600 | $612 | $687 | $695 | $739 | $769 |
| ▁▁▂▁▅▆██ | Total Deposits ($M) | $542 | $540 | $545 | $534 | $574 | $588 | $606 | $603 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |