Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.19 | 0.69% |
| Return on Equity (%) | ▲ | 9.58% | +0.93 | 8.65% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.24 | 3.76% |
| Efficiency Ratio (%) | ▲ | 75.36% | -1.71 | 77.07% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.15 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $828 | +49.60 | $778 |
| Gross Loans ($M) | ▲ | $642 | +50.40 | $592 |
| Loan Growth YoY (%) | ▲ | 91.33% | +2.31 | 89.02% |
| Total Deposits ($M) | ▲ | $697 | +38.01 | $659 |
| Shareholders Equity ($M) | ▲ | $77 | +14.17 | $62 |
| Tang. Book Value ($M) | ▲ | $72 | +14.27 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +12.84 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 91.33% | +2.31 | 89.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.15 | 0.06% |
| Allowance / Loans (%) | — | 0.96% | -0.00% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.19 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.77% | +1.15 | 10.62% |
Noninterest income ($1.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.36% | 3.44% | 3.50% | 3.76% | 3.84% | 3.93% | 3.97% | 4.00% |
| ▁▄▅▄▇███ | Return on Assets (%) | 0.47% | 0.63% | 0.72% | 0.69% | 0.82% | 0.91% | 0.86% | 0.88% |
| █▅▃▅▂▁▂▃ | Efficiency Ratio (%) | 81.1% | 77.9% | 75.7% | 77.1% | 74.5% | 72.9% | 74.6% | 75.4% |
| █▆█▅▃▁▃▂ | Cost of Funds (%) | 2.08% | 1.95% | 2.06% | 1.84% | 1.74% | 1.57% | 1.73% | 1.68% |
| ▁▁▂▁▁▁██ | NPA / Assets (%) | 0.06% | 0.06% | 0.08% | 0.06% | 0.05% | 0.05% | 0.21% | 0.21% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.08% | 0.08% | 0.09% | 0.08% | 0.06% | 0.06% | 0.27% | 0.27% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $51 | $55 | $56 | $58 | $61 | $68 | $70 | $72 |
| ▁▁▂▄▄▅██ | Gross Loans ($M) | $557 | $565 | $571 | $592 | $599 | $606 | $640 | $642 |
| ▄█▂▁▁█▆▇ | Total Deposits ($M) | $673 | $704 | $659 | $659 | $652 | $700 | $686 | $697 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |