Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.26 | 0.40% |
| Return on Equity (%) | ▲ | 8.43% | +2.60 | 5.83% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.48 | 2.13% |
| Efficiency Ratio (%) | ▲ | 72.43% | -7.73 | 80.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.94 | $1 |
| Cost of Funds (%) | ▲ | 1.62% | -0.22 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,191 | +16.43 | $1,174 |
| Gross Loans ($M) | ▼ | $728 | -2.12 | $731 |
| Loan Growth YoY (%) | ▼ | 66.70% | -2.27 | 68.98% |
| Total Deposits ($M) | ▲ | $1,080 | +32.97 | $1,047 |
| Shareholders Equity ($M) | ▲ | $93 | +8.46 | $84 |
| Tang. Book Value ($M) | ▲ | $92 | +8.43 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +8.43 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 66.70% | -2.27 | 68.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.07% | -0.04% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.02 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 1.93% | 1.91% | 1.94% | 2.13% | 2.16% | 2.19% | 2.27% | 2.60% |
| ▆▂▁▁▁▃▄█ | Return on Assets (%) | 0.56% | 0.45% | 0.40% | 0.40% | 0.41% | 0.47% | 0.49% | 0.66% |
| ▇▇█▆▇▅▄▁ | Efficiency Ratio (%) | 80.7% | 81.3% | 83.3% | 80.2% | 80.9% | 78.0% | 77.2% | 72.4% |
| █▇█▅▅▃▃▁ | Cost of Funds (%) | 1.98% | 1.92% | 2.01% | 1.84% | 1.85% | 1.74% | 1.75% | 1.62% |
| ▁▅▆▇█▅▅▅ | NPA / Assets (%) | 0.03% | 0.05% | 0.06% | 0.06% | 0.07% | 0.05% | 0.05% | 0.05% |
| ▁▆▇▇█▆▅▅ | Net Charge-Off Ratio (%) | 0.04% | 0.09% | 0.10% | 0.10% | 0.11% | 0.09% | 0.08% | 0.08% |
| ▁▅▂▄▆▇██ | Tang. Book Value ($M) | $76 | $85 | $80 | $84 | $87 | $90 | $93 | $92 |
| ▁▁▁▅▇██▄ | Gross Loans ($M) | $719 | $716 | $719 | $731 | $738 | $743 | $743 | $728 |
| ▁█▁▁▁█▂▃ | Total Deposits ($M) | $1,052 | $1,139 | $1,059 | $1,047 | $1,057 | $1,144 | $1,065 | $1,080 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 12% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 17% |