Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.11% | +2.49 | 0.62% |
| Return on Equity (%) | ▲ | 31.84% | +26.39 | 5.45% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.18 | 3.47% |
| Efficiency Ratio (%) | ▲ | 89.28% | -6.47 | 95.75% |
| Pre-Provision Profit ($M) | ▲ | $4 | +3.43 | $1 |
| Cost of Funds (%) | ▲ | 2.60% | -0.30 | 2.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $517 | +176.00 | $341 |
| Gross Loans ($M) | ▲ | $418 | +126.16 | $292 |
| Loan Growth YoY (%) | ▼ | 98.35% | -16.66 | 115.01% |
| Total Deposits ($M) | ▲ | $421 | +169.66 | $251 |
| Shareholders Equity ($M) | ▲ | $52 | +13.01 | $39 |
| Tang. Book Value ($M) | ▲ | $47 | +12.01 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 98.35% | -16.66 | 115.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.83% | -1.25 | 3.09% |
| Allowance / Loans (%) | — | 1.01% | -0.04% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 2.01% | -1.50 | 3.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.07% | -2.51 | 15.58% |
Noninterest income ($37.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▄▆█▆ | Net Interest Margin (%) | 2.60% | 2.73% | 2.87% | 3.47% | 3.32% | 3.68% | 4.20% | 3.65% |
| █▇▅▁▄▆▆▅ | Return on Assets (%) | 5.07% | 4.42% | 3.24% | 0.62% | 2.54% | 3.63% | 3.72% | 3.11% |
| ▃▄▆█▁▁▁▃ | Efficiency Ratio (%) | 89.2% | 90.5% | 92.4% | 95.8% | 86.5% | 86.5% | 87.2% | 89.3% |
| ▃█▃▃▂▃▁▂ | Cost of Funds (%) | 3.01% | 4.65% | 2.74% | 2.91% | 2.48% | 3.00% | 2.08% | 2.60% |
| ██▆██▇▂▁ | NPA / Assets (%) | 3.02% | 3.03% | 2.77% | 3.09% | 2.97% | 2.88% | 2.03% | 1.83% |
| ▆█▆▇▇█▃▁ | Net Charge-Off Ratio (%) | 3.39% | 3.75% | 3.38% | 3.51% | 3.62% | 3.92% | 2.49% | 2.01% |
| ▁▂▁▂▂▄▇█ | Tang. Book Value ($M) | $33 | $36 | $34 | $35 | $35 | $40 | $45 | $47 |
| ▂▁▂▃▅▅▇█ | Gross Loans ($M) | $268 | $223 | $267 | $292 | $338 | $335 | $372 | $418 |
| ▁▁▃▃▆▆██ | Total Deposits ($M) | $194 | $186 | $257 | $251 | $344 | $366 | $432 | $421 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 95% |
| Brokered / Other | 3% |