Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.58 | 0.89% |
| Return on Equity (%) | ▲ | 13.77% | +4.77 | 9.00% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.49 | 3.50% |
| Efficiency Ratio (%) | ▲ | 68.11% | -10.04 | 78.16% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.27 | $2 |
| Cost of Funds (%) | ▲ | 1.13% | -0.21 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $778 | +31.25 | $747 |
| Gross Loans ($M) | ▲ | $499 | +13.94 | $485 |
| Loan Growth YoY (%) | ▼ | 71.67% | -0.37 | 72.04% |
| Total Deposits ($M) | ▲ | $687 | +22.54 | $665 |
| Shareholders Equity ($M) | ▲ | $83 | +7.59 | $76 |
| Tang. Book Value ($M) | ▲ | $80 | +7.50 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +7.77 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 71.67% | -0.37 | 72.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.05% | 0.00 | 0.05% |
| Allowance / Loans (%) | — | 1.26% | 0.01% | 1.25% |
| Net Charge-Off Ratio (%) | — | 0.08% | 0.00 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.71% | -0.33 | 19.04% |
Noninterest income ($1.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 3.44% | 3.48% | 3.51% | 3.50% | 3.62% | 3.73% | 3.82% | 3.99% |
| ▃▃▂▁▃▄▅█ | Return on Assets (%) | 1.08% | 1.08% | 1.04% | 0.89% | 1.04% | 1.13% | 1.21% | 1.47% |
| ▅▅▆█▇▅▄▁ | Efficiency Ratio (%) | 73.6% | 73.9% | 75.3% | 78.2% | 75.9% | 74.2% | 72.1% | 68.1% |
| ▇█▇▄▄▄▂▁ | Cost of Funds (%) | 1.51% | 1.59% | 1.52% | 1.34% | 1.34% | 1.34% | 1.23% | 1.13% |
| ▆█▅▅▄█▁▄ | NPA / Assets (%) | 0.06% | 0.07% | 0.05% | 0.05% | 0.05% | 0.07% | 0.03% | 0.05% |
| ▅█▅▅▅█▁▅ | Net Charge-Off Ratio (%) | 0.08% | 0.10% | 0.08% | 0.08% | 0.08% | 0.11% | 0.05% | 0.08% |
| ▁▄▃▅▄▇██ | Tang. Book Value ($M) | $64 | $71 | $68 | $72 | $72 | $76 | $79 | $80 |
| ▁▂▁▁▄█▆▇ | Gross Loans ($M) | $486 | $488 | $486 | $485 | $494 | $503 | $498 | $499 |
| ▂▁▂▅▇▆▇█ | Total Deposits ($M) | $642 | $635 | $648 | $665 | $679 | $674 | $677 | $687 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |