Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.17% | +0.18 | -0.01% |
| Return on Equity (%) | ▲ | 1.80% | +1.95 | -0.15% |
| Net Interest Margin (%) | ▲ | 2.38% | +0.34 | 2.04% |
| Efficiency Ratio (%) | ▲ | 90.24% | -9.91 | 100.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.04 | $-0 |
| Cost of Funds (%) | ▲ | 2.49% | -0.09 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,457 | +35.93 | $1,421 |
| Gross Loans ($M) | ▲ | $1,182 | +48.71 | $1,134 |
| Loan Growth YoY (%) | ▲ | 116.12% | +4.47 | 111.64% |
| Total Deposits ($M) | ▲ | $1,014 | +2.81 | $1,011 |
| Shareholders Equity ($M) | ▲ | $135 | +8.69 | $126 |
| Tang. Book Value ($M) | ▲ | $131 | +8.69 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +8.57 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 116.12% | +4.47 | 111.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.06 | 0.05% |
| Allowance / Loans (%) | — | 0.42% | 0.00% | 0.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.07 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 1.85% | 1.90% | 1.93% | 2.04% | 2.07% | 2.13% | 2.19% | 2.38% |
| ▁▃▅▁▄▇█▇ | Return on Assets (%) | -0.03% | 0.06% | 0.11% | -0.01% | 0.07% | 0.17% | 0.22% | 0.17% |
| █▆▄▆▄▂▁▁ | Efficiency Ratio (%) | 104.2% | 100.1% | 96.8% | 100.2% | 97.1% | 92.9% | 90.9% | 90.2% |
| ▁▃█▆▆▇▄▁ | Cost of Funds (%) | 2.49% | 2.52% | 2.61% | 2.57% | 2.57% | 2.58% | 2.54% | 2.49% |
| █▃▁▁▁▁▁▃ | NPA / Assets (%) | 0.28% | 0.11% | 0.04% | 0.05% | 0.03% | 0.02% | 0.02% | 0.11% |
| █▃▁▂▁▁▁▃ | Net Charge-Off Ratio (%) | 0.36% | 0.14% | 0.06% | 0.07% | 0.04% | 0.03% | 0.03% | 0.14% |
| ▁▃▃▃▃▅██ | Tang. Book Value ($M) | $117 | $122 | $121 | $122 | $122 | $125 | $129 | $131 |
| ▁▃▃▂▅▇██ | Gross Loans ($M) | $1,119 | $1,138 | $1,136 | $1,134 | $1,154 | $1,170 | $1,176 | $1,182 |
| ▁▃▄▄▅█▆▄ | Total Deposits ($M) | $981 | $1,006 | $1,011 | $1,011 | $1,018 | $1,054 | $1,032 | $1,014 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 30% |