Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.38 | 0.54% |
| Return on Equity (%) | ▲ | 10.96% | +2.52 | 8.44% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.30 | 3.13% |
| Efficiency Ratio (%) | ▲ | 67.38% | -11.68 | 79.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.31 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.04 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $805 | +154.93 | $650 |
| Gross Loans ($M) | ▲ | $576 | +58.89 | $518 |
| Loan Growth YoY (%) | ▼ | 87.01% | -0.54 | 87.55% |
| Total Deposits ($M) | ▲ | $655 | +70.65 | $585 |
| Shareholders Equity ($M) | ▲ | $67 | +25.18 | $42 |
| Tang. Book Value ($M) | ▲ | $67 | +25.18 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +29.88 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 87.01% | -0.54 | 87.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.03 | 0.06% |
| Allowance / Loans (%) | — | 1.09% | -0.01% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.59% | +2.99 | 11.59% |
Noninterest income ($1.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▅▅▆█ | Net Interest Margin (%) | 3.05% | 3.03% | 3.00% | 3.13% | 3.26% | 3.25% | 3.30% | 3.43% |
| ▅▄▃▁▃▄▆█ | Return on Assets (%) | 0.74% | 0.72% | 0.67% | 0.54% | 0.66% | 0.72% | 0.78% | 0.92% |
| ▄▅▆█▆▅▃▁ | Efficiency Ratio (%) | 73.2% | 73.5% | 75.0% | 79.1% | 75.7% | 73.4% | 70.7% | 67.4% |
| ▃▇█▅▃▁█▄ | Cost of Funds (%) | 1.76% | 1.89% | 1.93% | 1.82% | 1.74% | 1.67% | 1.92% | 1.78% |
| ▄█▄▃▂▃▁▁ | NPA / Assets (%) | 0.07% | 0.13% | 0.06% | 0.06% | 0.04% | 0.05% | 0.02% | 0.03% |
| ▄█▃▃▁▃▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.17% | 0.08% | 0.07% | 0.05% | 0.07% | 0.03% | 0.04% |
| ▁▁▁▁▂███ | Tang. Book Value ($M) | $39 | $42 | $40 | $42 | $42 | $64 | $66 | $67 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $483 | $488 | $504 | $518 | $529 | $549 | $556 | $576 |
| ▁▂▂▃▄▇▇█ | Total Deposits ($M) | $551 | $567 | $571 | $585 | $602 | $636 | $639 | $655 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |