Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.22 | 1.68% |
| Return on Equity (%) | ▲ | 14.57% | +0.64 | 13.93% |
| Net Interest Margin (%) | ▲ | 4.57% | +0.33 | 4.24% |
| Efficiency Ratio (%) | ▲ | 51.27% | -1.89 | 53.16% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.73 | $5 |
| Cost of Funds (%) | ▼ | 0.83% | +0.06 | 0.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $890 | +10.51 | $879 |
| Gross Loans ($M) | ▲ | $706 | +93.89 | $612 |
| Loan Growth YoY (%) | ▲ | 93.00% | +9.59 | 83.41% |
| Total Deposits ($M) | ▲ | $751 | +25.45 | $726 |
| Shareholders Equity ($M) | ▲ | $115 | +11.97 | $103 |
| Tang. Book Value ($M) | ▲ | $115 | +11.97 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +11.61 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 93.00% | +9.59 | 83.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.11% | -0.07% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.03 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.78% | -0.69 | 17.47% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▅▆██ | Net Interest Margin (%) | 3.88% | 4.05% | 4.14% | 4.24% | 4.28% | 4.40% | 4.50% | 4.57% |
| ▁▂▂▂▆▇█▆ | Return on Assets (%) | 1.60% | 1.69% | 1.66% | 1.68% | 1.90% | 1.95% | 2.01% | 1.90% |
| ▄▃▃█▂▁▁▄ | Efficiency Ratio (%) | 51.0% | 50.7% | 50.7% | 53.2% | 50.2% | 49.7% | 49.6% | 51.3% |
| ▇█▄▁▃▄▃▂ | Cost of Funds (%) | 1.00% | 1.05% | 0.90% | 0.77% | 0.85% | 0.89% | 0.86% | 0.83% |
| ▄▃▂▁▁▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
| ▅▃▃▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $94 | $101 | $100 | $103 | $107 | $109 | $112 | $115 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $580 | $589 | $609 | $612 | $636 | $646 | $665 | $706 |
| ▂▁▁▅▆▇▅█ | Total Deposits ($M) | $697 | $690 | $685 | $726 | $729 | $738 | $721 | $751 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |