Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.14 | 1.06% |
| Return on Equity (%) | ▲ | 12.74% | +0.38 | 12.36% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.34 | 3.30% |
| Efficiency Ratio (%) | ▲ | 63.13% | -2.84 | 65.97% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.94 | $4 |
| Cost of Funds (%) | ▲ | 1.88% | -0.12 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,349 | +24.32 | $1,324 |
| Gross Loans ($M) | ▲ | $1,022 | +191.71 | $830 |
| Loan Growth YoY (%) | ▲ | 82.87% | +15.17 | 67.71% |
| Total Deposits ($M) | ▲ | $1,216 | +10.31 | $1,206 |
| Shareholders Equity ($M) | ▲ | $127 | +14.37 | $113 |
| Tang. Book Value ($M) | ▲ | $127 | +14.38 | $113 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +12.07 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 82.87% | +15.17 | 67.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.32 | 0.29% |
| Allowance / Loans (%) | — | 1.33% | -0.28% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.42 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▃▆▇█ | Net Interest Margin (%) | 3.29% | 3.35% | 3.32% | 3.30% | 3.40% | 3.51% | 3.57% | 3.63% |
| ▁▅▃▁▁▅▆█ | Return on Assets (%) | 1.08% | 1.15% | 1.10% | 1.06% | 1.07% | 1.15% | 1.16% | 1.20% |
| ▆▃▆▇█▅▅▁ | Efficiency Ratio (%) | 65.5% | 64.4% | 65.6% | 66.0% | 66.9% | 65.2% | 65.3% | 63.1% |
| ▆▁█▅▄▂▄▁ | Cost of Funds (%) | 2.02% | 1.90% | 2.08% | 2.00% | 1.96% | 1.91% | 1.97% | 1.88% |
| ▁▁▃▃▄▅██ | NPA / Assets (%) | 0.12% | 0.17% | 0.26% | 0.29% | 0.36% | 0.43% | 0.63% | 0.61% |
| ▁▁▂▃▄▆██ | Net Charge-Off Ratio (%) | 0.17% | 0.19% | 0.33% | 0.39% | 0.45% | 0.58% | 0.81% | 0.81% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $100 | $108 | $108 | $113 | $117 | $121 | $124 | $127 |
| ▁▂▁▁▄▇██ | Gross Loans ($M) | $829 | $876 | $845 | $830 | $910 | $975 | $1,012 | $1,022 |
| ▁▅▄█▆█▇█ | Total Deposits ($M) | $1,079 | $1,150 | $1,133 | $1,206 | $1,168 | $1,206 | $1,188 | $1,216 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 10% |