Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.33% | +0.67 | 1.65% |
| Return on Equity (%) | ▲ | 21.82% | +6.04 | 15.78% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.39 | 3.88% |
| Efficiency Ratio (%) | ▲ | 53.30% | -8.51 | 61.82% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.64 | $4 |
| Cost of Funds (%) | ▲ | 1.64% | -0.25 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,016 | -10.76 | $1,026 |
| Gross Loans ($M) | ▲ | $790 | +54.29 | $735 |
| Loan Growth YoY (%) | ▲ | 93.47% | +6.39 | 87.07% |
| Total Deposits ($M) | ▲ | $832 | +0.48 | $831 |
| Shareholders Equity ($M) | ▼ | $104 | -0.69 | $104 |
| Tang. Book Value ($M) | ▼ | $104 | -0.65 | $104 |
| TBV excl. AOCI ($M)** | ▼ | $112 | -1.14 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 93.47% | +6.39 | 87.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.12 | 0.04% |
| Allowance / Loans (%) | — | 1.58% | -0.02% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.15 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.91% | -1.19 | 14.10% |
Noninterest income ($2.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.48% | 3.53% | 3.65% | 3.88% | 3.98% | 4.09% | 4.16% | 4.27% |
| ▁▁▁▃▃▄▄█ | Return on Assets (%) | 1.35% | 1.35% | 1.41% | 1.65% | 1.70% | 1.76% | 1.83% | 2.33% |
| ███▆▆▅▄▁ | Efficiency Ratio (%) | 65.2% | 65.2% | 64.6% | 61.8% | 61.1% | 60.3% | 59.3% | 53.3% |
| ██▆▄▄▂▁▁ | Cost of Funds (%) | 2.23% | 2.17% | 2.04% | 1.89% | 1.87% | 1.77% | 1.64% | 1.64% |
| ▂▂▂▂▁▁▁█ | NPA / Assets (%) | 0.04% | 0.05% | 0.05% | 0.04% | 0.03% | 0.02% | 0.02% | 0.16% |
| ▂▂▂▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.06% | 0.06% | 0.03% | 0.03% | 0.02% | 0.20% |
| ▁▂▃▄▆▇█▄ | Tang. Book Value ($M) | $97 | $101 | $101 | $104 | $107 | $111 | $113 | $104 |
| ▂▁▁▂▄▆██ | Gross Loans ($M) | $729 | $718 | $725 | $735 | $747 | $771 | $790 | $790 |
| ▄▄▁██▅▆█ | Total Deposits ($M) | $776 | $778 | $740 | $831 | $823 | $790 | $806 | $832 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 21% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 9% |