Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.19 | 1.39% |
| Return on Equity (%) | ▲ | 15.83% | +0.49 | 15.34% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.04 | 3.93% |
| Efficiency Ratio (%) | ▲ | 52.38% | -4.39 | 56.76% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.15 | $1 |
| Cost of Funds (%) | ▼ | 1.70% | +0.13 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $181 | +14.52 | $166 |
| Gross Loans ($M) | ▲ | $120 | +12.91 | $107 |
| Loan Growth YoY (%) | ▲ | 79.77% | +4.96 | 74.81% |
| Total Deposits ($M) | ▲ | $150 | +7.32 | $142 |
| Shareholders Equity ($M) | ▲ | $18 | +2.52 | $15 |
| Tang. Book Value ($M) | ▲ | $18 | +2.52 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.47 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 79.77% | +4.96 | 74.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.10 | 0.05% |
| Allowance / Loans (%) | — | 0.53% | -0.06% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.15 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.85% | -0.16 | 19.01% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇█▅ | Net Interest Margin (%) | 3.79% | 3.78% | 3.76% | 3.93% | 4.02% | 4.07% | 4.12% | 3.96% |
| ▁▁▂▃▅██▇ | Return on Assets (%) | 1.32% | 1.29% | 1.35% | 1.39% | 1.48% | 1.60% | 1.61% | 1.57% |
| ▇██▇▅▁▁▁ | Efficiency Ratio (%) | 56.6% | 57.9% | 57.4% | 56.8% | 55.3% | 52.3% | 52.8% | 52.4% |
| ▁██▂▂▃▄▅ | Cost of Funds (%) | 1.48% | 1.84% | 1.87% | 1.57% | 1.57% | 1.60% | 1.64% | 1.70% |
| ▁▂▁▃▁▁▁█ | NPA / Assets (%) | 0.01% | 0.03% | 0.01% | 0.05% | 0.01% | 0.00% | 0.00% | 0.16% |
| ▁▂▁▃▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.04% | 0.02% | 0.08% | 0.02% | 0.00% | 0.00% | 0.24% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $14 | $15 | $14 | $15 | $16 | $17 | $18 | $18 |
| ▁▃▄▄▆▇██ | Gross Loans ($M) | $95 | $101 | $104 | $107 | $111 | $115 | $118 | $120 |
| ▅▁▁▅▅▅▄█ | Total Deposits ($M) | $143 | $134 | $134 | $142 | $143 | $143 | $142 | $150 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 18% |