Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.11 | 0.99% |
| Return on Equity (%) | ▼ | 11.96% | -0.24 | 12.20% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.31 | 3.63% |
| Efficiency Ratio (%) | ▲ | 65.80% | -4.81 | 70.61% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.92 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.12 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $977 | +51.63 | $926 |
| Gross Loans ($M) | ▲ | $761 | +80.75 | $681 |
| Loan Growth YoY (%) | ▲ | 93.60% | +9.34 | 84.25% |
| Total Deposits ($M) | ▲ | $805 | +5.98 | $799 |
| Shareholders Equity ($M) | ▲ | $91 | +13.98 | $77 |
| Tang. Book Value ($M) | ▲ | $91 | +14.14 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +12.77 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 93.60% | +9.34 | 84.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.23 | 0.23% |
| Allowance / Loans (%) | — | 1.09% | -0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.23 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.89% | +0.13 | 14.76% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 3.40% | 3.39% | 3.44% | 3.63% | 3.68% | 3.74% | 3.79% | 3.94% |
| ▂▂▁▇██▇█ | Return on Assets (%) | 0.71% | 0.73% | 0.62% | 0.99% | 1.05% | 1.05% | 1.01% | 1.10% |
| ██▆▅▃▃▂▁ | Efficiency Ratio (%) | 74.2% | 73.4% | 72.1% | 70.6% | 68.9% | 68.4% | 67.4% | 65.8% |
| ▃▄█▄▃▂▁▁ | Cost of Funds (%) | 1.21% | 1.24% | 1.41% | 1.22% | 1.19% | 1.16% | 1.10% | 1.10% |
| ▆▅▁▁▁▅▇█ | NPA / Assets (%) | 0.39% | 0.37% | 0.23% | 0.23% | 0.24% | 0.35% | 0.43% | 0.46% |
| ██▁▁▁▆▇█ | Net Charge-Off Ratio (%) | 0.55% | 0.53% | 0.32% | 0.31% | 0.32% | 0.47% | 0.51% | 0.54% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $68 | $74 | $72 | $76 | $80 | $84 | $88 | $91 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $635 | $656 | $668 | $681 | $701 | $716 | $742 | $761 |
| ▂▁▂▂▃▅█▄ | Total Deposits ($M) | $797 | $793 | $799 | $799 | $803 | $808 | $820 | $805 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |