Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.61% | -0.01 | 1.62% |
| Return on Equity (%) | ▲ | 16.38% | +0.52 | 15.86% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.18 | 3.75% |
| Efficiency Ratio (%) | ▼ | 51.34% | +0.25 | 51.10% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.37 | $2 |
| Cost of Funds (%) | ▼ | 2.79% | +0.04 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $567 | +86.46 | $480 |
| Gross Loans ($M) | ▲ | $443 | +76.45 | $366 |
| Loan Growth YoY (%) | ▼ | 100.74% | -0.57 | 101.31% |
| Total Deposits ($M) | ▲ | $435 | +77.80 | $357 |
| Shareholders Equity ($M) | ▲ | $55 | +6.21 | $49 |
| Tang. Book Value ($M) | ▲ | $50 | +6.62 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +7.48 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 100.74% | -0.57 | 101.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.04 | 0.06% |
| Allowance / Loans (%) | — | 0.99% | -0.18% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.05 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.22% | -0.88 | 13.10% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▅▆▆██▁ | Net Interest Margin (%) | 3.65% | 3.68% | 3.73% | 3.75% | 3.76% | 3.82% | 3.85% | 3.57% |
| █▁▅██▇▅▇ | Return on Assets (%) | 1.63% | 1.50% | 1.56% | 1.62% | 1.63% | 1.60% | 1.57% | 1.61% |
| ▁▅█▆▂▂█▇ | Efficiency Ratio (%) | 48.5% | 50.6% | 52.3% | 51.1% | 49.3% | 49.1% | 51.9% | 51.3% |
| ▆▆█▃▁▅▁▄ | Cost of Funds (%) | 2.89% | 2.90% | 2.99% | 2.75% | 2.69% | 2.85% | 2.67% | 2.79% |
| ▁▁▁▂██▅▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.03% | 0.06% | 0.28% | 0.31% | 0.16% | 0.10% |
| ▁▁▁▂██▅▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.04% | 0.08% | 0.37% | 0.40% | 0.20% | 0.13% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $38 | $41 | $41 | $43 | $45 | $46 | $48 | $50 |
| ▁▁▂▂▅▆██ | Gross Loans ($M) | $345 | $348 | $361 | $366 | $395 | $412 | $432 | $443 |
| ▁▂▄▄▆▇▇█ | Total Deposits ($M) | $286 | $307 | $346 | $357 | $391 | $407 | $409 | $435 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 14% |