Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.50 | 0.55% |
| Return on Equity (%) | ▲ | 14.43% | +5.73 | 8.70% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.38 | 2.91% |
| Efficiency Ratio (%) | ▲ | 72.47% | -10.44 | 82.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.81 | $1 |
| Cost of Funds (%) | ▲ | 1.48% | -0.14 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $560 | +16.12 | $544 |
| Gross Loans ($M) | ▲ | $330 | +17.75 | $313 |
| Loan Growth YoY (%) | ▲ | 68.04% | +0.49 | 67.55% |
| Total Deposits ($M) | ▲ | $481 | +22.81 | $458 |
| Shareholders Equity ($M) | ▲ | $40 | +5.39 | $35 |
| Tang. Book Value ($M) | ▲ | $39 | +5.43 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.27 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 68.04% | +0.49 | 67.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.14 | 0.07% |
| Allowance / Loans (%) | — | 1.02% | -0.07% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.24 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.18% | +0.04 | 15.14% |
Noninterest income ($1.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 2.69% | 2.73% | 2.80% | 2.91% | 2.99% | 3.05% | 3.12% | 3.29% |
| ▁▁▂▁▁▂▃█ | Return on Assets (%) | 0.55% | 0.59% | 0.62% | 0.55% | 0.60% | 0.64% | 0.69% | 1.05% |
| ██▇█▇▇▆▁ | Efficiency Ratio (%) | 83.1% | 82.4% | 80.6% | 82.9% | 81.8% | 81.2% | 79.4% | 72.5% |
| ▄▇▃▆██▃▁ | Cost of Funds (%) | 1.56% | 1.64% | 1.54% | 1.61% | 1.67% | 1.64% | 1.54% | 1.48% |
| ▁▃▂▃▄▂█▇ | NPA / Assets (%) | 0.00% | 0.10% | 0.06% | 0.07% | 0.13% | 0.07% | 0.27% | 0.21% |
| ▁▃▂▃▄▂█▇ | Net Charge-Off Ratio (%) | 0.00% | 0.17% | 0.10% | 0.12% | 0.22% | 0.11% | 0.47% | 0.36% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $29 | $34 | $32 | $33 | $35 | $37 | $39 | $39 |
| ▁▂▄▄▅▇██ | Gross Loans ($M) | $297 | $303 | $312 | $313 | $317 | $322 | $326 | $330 |
| █▄▄▁▁▅▅▇ | Total Deposits ($M) | $488 | $472 | $470 | $458 | $460 | $473 | $475 | $481 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |