Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.53 | 0.89% |
| Return on Equity (%) | ▲ | 14.61% | +4.58 | 10.03% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.40 | 2.97% |
| Efficiency Ratio (%) | ▲ | 61.40% | -8.87 | 70.28% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.25 | $2 |
| Cost of Funds (%) | ▲ | 1.95% | -0.06 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,032 | -1.39 | $1,034 |
| Gross Loans ($M) | ▼ | $830 | -31.98 | $862 |
| Loan Growth YoY (%) | ▼ | 96.34% | -4.35 | 100.69% |
| Total Deposits ($M) | ▲ | $850 | +4.82 | $845 |
| Shareholders Equity ($M) | ▲ | $101 | +9.22 | $91 |
| Tang. Book Value ($M) | ▲ | $97 | +9.61 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +10.63 | $93 |
| Loan / Deposit Ratio (%) | ▼ | 96.34% | -4.35 | 100.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.28% | 0.06% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.86% | +0.95 | 11.91% |
Noninterest income ($1.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.57% | 2.60% | 2.68% | 2.97% | 3.04% | 3.10% | 3.17% | 3.37% |
| ▁▁▁▃▅▅▅█ | Return on Assets (%) | 0.60% | 0.64% | 0.70% | 0.89% | 1.02% | 1.07% | 1.05% | 1.42% |
| ██▇▅▃▃▄▁ | Efficiency Ratio (%) | 76.9% | 76.1% | 74.9% | 70.3% | 67.0% | 66.1% | 67.3% | 61.4% |
| ▇█▆▃▆▆▅▁ | Cost of Funds (%) | 2.14% | 2.20% | 2.11% | 2.02% | 2.13% | 2.13% | 2.10% | 1.95% |
| ▁█▆▅▅▂▅▅ | NPA / Assets (%) | 0.00% | 0.07% | 0.05% | 0.04% | 0.04% | 0.02% | 0.04% | 0.04% |
| ▁█▆▅▅▂▅▆ | Net Charge-Off Ratio (%) | 0.01% | 0.08% | 0.06% | 0.05% | 0.05% | 0.02% | 0.05% | 0.05% |
| ▁▃▂▄▅███ | Tang. Book Value ($M) | $80 | $85 | $84 | $87 | $90 | $95 | $96 | $97 |
| ▁▁▄███▅▅ | Gross Loans ($M) | $787 | $788 | $819 | $862 | $857 | $857 | $830 | $830 |
| ▃▁▂▆▅██▆ | Total Deposits ($M) | $821 | $806 | $814 | $845 | $839 | $862 | $865 | $850 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |