Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.85% | +0.61 | 2.24% |
| Return on Equity (%) | ▲ | 23.01% | +1.31 | 21.70% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.52 | 3.60% |
| Efficiency Ratio (%) | ▲ | 39.87% | -1.03 | 40.91% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.57 | $4 |
| Cost of Funds (%) | ▲ | 2.13% | -0.15 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $653 | -31.50 | $684 |
| Gross Loans ($M) | ▼ | $546 | -0.60 | $547 |
| Loan Growth YoY (%) | ▲ | 101.48% | +4.35 | 97.13% |
| Total Deposits ($M) | ▼ | $531 | -24.94 | $556 |
| Shareholders Equity ($M) | ▲ | $82 | +10.20 | $72 |
| Tang. Book Value ($M) | ▲ | $80 | +10.25 | $70 |
| Loan / Deposit Ratio (%) | ▲ | 101.48% | +4.35 | 97.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.96% | -0.07 | 1.03% |
| Allowance / Loans (%) | — | 1.36% | 0.09% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 1.02% | -0.15 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▂▃▅█ | Net Interest Margin (%) | 3.62% | 3.70% | 3.74% | 3.60% | 3.67% | 3.79% | 3.88% | 4.11% |
| ▁▂▃▄▆▇▇█ | Return on Assets (%) | 1.68% | 1.91% | 2.01% | 2.24% | 2.44% | 2.56% | 2.59% | 2.85% |
| ▅▆█▄▂▁▄▁ | Efficiency Ratio (%) | 41.6% | 41.7% | 42.8% | 40.9% | 40.4% | 39.7% | 41.2% | 39.9% |
| ▇█▆▄▆▄▂▁ | Cost of Funds (%) | 2.40% | 2.46% | 2.38% | 2.28% | 2.36% | 2.28% | 2.20% | 2.13% |
| ▁▃▁▂▂▁█▁ | NPA / Assets (%) | 0.89% | 1.10% | 0.95% | 1.03% | 0.97% | 0.94% | 1.48% | 0.96% |
| ▁▃▂▃▂▂█▂ | Net Charge-Off Ratio (%) | 0.89% | 1.14% | 1.06% | 1.17% | 1.07% | 1.01% | 1.68% | 1.02% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $60 | $65 | $67 | $70 | $73 | $76 | $79 | $80 |
| ▅█▃▃▁▄▁▃ | Gross Loans ($M) | $555 | $566 | $548 | $547 | $541 | $552 | $540 | $546 |
| ▁▁██▅▆▂▄ | Total Deposits ($M) | $510 | $515 | $553 | $556 | $534 | $541 | $518 | $531 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |