Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.60% | +0.38 | 0.23% |
| Return on Equity (%) | ▲ | 6.31% | +3.73 | 2.58% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.45 | 2.55% |
| Efficiency Ratio (%) | ▲ | 76.76% | -12.96 | 89.72% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.87 | $1 |
| Cost of Funds (%) | ▲ | 1.38% | -0.21 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,576 | +20.54 | $1,556 |
| Gross Loans ($M) | ▲ | $1,145 | +46.87 | $1,098 |
| Loan Growth YoY (%) | ▲ | 85.49% | +0.57 | 84.93% |
| Total Deposits ($M) | ▲ | $1,327 | +44.93 | $1,282 |
| Shareholders Equity ($M) | ▲ | $153 | +14.62 | $139 |
| Tang. Book Value ($M) | ▲ | $153 | +14.51 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +13.51 | $156 |
| Loan / Deposit Ratio (%) | ▲ | 85.49% | +0.57 | 84.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.05 | 0.45% |
| Allowance / Loans (%) | — | 0.87% | 0.07% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.08 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.37% | 2.39% | 2.41% | 2.55% | 2.58% | 2.65% | 2.72% | 2.99% |
| ▂▂▂▁▂▃▄█ | Return on Assets (%) | 0.29% | 0.29% | 0.31% | 0.23% | 0.32% | 0.37% | 0.40% | 0.60% |
| ██▇█▆▅▄▁ | Efficiency Ratio (%) | 90.6% | 89.9% | 88.8% | 89.7% | 86.4% | 84.7% | 82.6% | 76.8% |
| ▆█▆▇▆▇▄▁ | Cost of Funds (%) | 1.56% | 1.65% | 1.57% | 1.59% | 1.57% | 1.59% | 1.51% | 1.38% |
| ▁▁▄▆▇█▆▅ | NPA / Assets (%) | 0.14% | 0.14% | 0.34% | 0.45% | 0.48% | 0.57% | 0.42% | 0.40% |
| ▁▁▄▆▇█▆▅ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.49% | 0.63% | 0.67% | 0.79% | 0.58% | 0.55% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $128 | $137 | $133 | $139 | $143 | $148 | $152 | $153 |
| ▁▂▃▃▄███ | Gross Loans ($M) | $1,076 | $1,092 | $1,101 | $1,098 | $1,105 | $1,143 | $1,147 | $1,145 |
| ▁▂▂▅▄██▇ | Total Deposits ($M) | $1,199 | $1,238 | $1,234 | $1,282 | $1,281 | $1,344 | $1,363 | $1,327 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |