Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.01 | 1.08% |
| Return on Equity (%) | ▼ | 16.08% | -1.85 | 17.93% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.17 | 4.27% |
| Efficiency Ratio (%) | ▼ | 71.09% | +3.40 | 67.70% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.12 | $3 |
| Cost of Funds (%) | ▼ | 0.73% | +0.18 | 0.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $826 | +37.16 | $789 |
| Gross Loans ($M) | ▲ | $606 | +37.19 | $569 |
| Loan Growth YoY (%) | ▲ | 86.60% | +4.12 | 82.48% |
| Total Deposits ($M) | ▲ | $693 | +9.98 | $683 |
| Shareholders Equity ($M) | ▲ | $55 | +6.98 | $48 |
| Tang. Book Value ($M) | ▲ | $54 | +6.98 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +6.50 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 86.60% | +4.12 | 82.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -0.01 | 0.47% |
| Allowance / Loans (%) | — | 1.05% | 0.01% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.05 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.17% | +0.36 | 11.81% |
Noninterest income ($1.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇████ | Net Interest Margin (%) | 3.75% | 3.81% | 4.01% | 4.27% | 4.36% | 4.38% | 4.43% | 4.44% |
| ▁▂▄▇███▇ | Return on Assets (%) | 0.72% | 0.79% | 0.90% | 1.08% | 1.12% | 1.15% | 1.17% | 1.07% |
| █▇▄▁▁▁▁▃ | Efficiency Ratio (%) | 77.8% | 75.7% | 72.2% | 67.7% | 67.9% | 67.7% | 68.0% | 71.1% |
| ▅▇▁▂▄███ | Cost of Funds (%) | 0.64% | 0.70% | 0.52% | 0.55% | 0.61% | 0.71% | 0.72% | 0.73% |
| ▁█▇█▅▂▅▇ | NPA / Assets (%) | 0.38% | 0.46% | 0.45% | 0.47% | 0.43% | 0.40% | 0.44% | 0.46% |
| ▁█▇█▄▁▃▅ | Net Charge-Off Ratio (%) | 0.54% | 0.64% | 0.64% | 0.66% | 0.59% | 0.55% | 0.58% | 0.61% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $42 | $44 | $45 | $47 | $49 | $52 | $53 | $54 |
| ▁▂▃▅▆███ | Gross Loans ($M) | $529 | $539 | $549 | $569 | $584 | $600 | $598 | $606 |
| ▁▆▆▆▅▆▁█ | Total Deposits ($M) | $664 | $684 | $683 | $683 | $679 | $685 | $667 | $693 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |