Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.06% | -0.39 | 0.44% |
| Return on Equity (%) | ▼ | 0.40% | -2.82 | 3.22% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.38 | 2.66% |
| Efficiency Ratio (%) | ▲ | 66.76% | -6.99 | 73.74% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.49 | $3 |
| Cost of Funds (%) | ▲ | 1.59% | -0.19 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,500 | +84.71 | $1,415 |
| Gross Loans ($M) | ▲ | $876 | +42.55 | $833 |
| Loan Growth YoY (%) | ▲ | 74.40% | +0.13 | 74.26% |
| Total Deposits ($M) | ▲ | $1,161 | +54.96 | $1,106 |
| Shareholders Equity ($M) | ▲ | $215 | +17.84 | $198 |
| Tang. Book Value ($M) | ▲ | $214 | +17.94 | $196 |
| TBV excl. AOCI ($M)** | ▲ | $240 | +20.57 | $219 |
| Loan / Deposit Ratio (%) | ▲ | 74.40% | +0.13 | 74.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.01 | 0.07% |
| Allowance / Loans (%) | — | 1.39% | -0.05% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.02 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.47% | 2.49% | 2.51% | 2.66% | 2.70% | 2.75% | 2.81% | 3.05% |
| ▇██▃▇▇█▁ | Return on Assets (%) | 0.98% | 1.09% | 1.15% | 0.44% | 0.89% | 0.95% | 1.06% | 0.06% |
| █▇▄▆▅▃▁▁ | Efficiency Ratio (%) | 77.2% | 75.1% | 70.2% | 73.7% | 72.3% | 69.4% | 65.8% | 66.8% |
| ▇█▇▄▅▄▃▁ | Cost of Funds (%) | 1.95% | 2.03% | 1.94% | 1.78% | 1.82% | 1.81% | 1.74% | 1.59% |
| ▁▃▃▆██▆▇ | NPA / Assets (%) | 0.02% | 0.05% | 0.04% | 0.07% | 0.09% | 0.09% | 0.07% | 0.08% |
| ▁▃▃▆██▆▇ | Net Charge-Off Ratio (%) | 0.03% | 0.08% | 0.07% | 0.13% | 0.16% | 0.15% | 0.12% | 0.14% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $177 | $189 | $188 | $196 | $203 | $210 | $215 | $214 |
| ▁▁▁▂▃▇▅█ | Gross Loans ($M) | $822 | $821 | $827 | $833 | $837 | $863 | $854 | $876 |
| ▃▁▄▄▆▇██ | Total Deposits ($M) | $1,096 | $1,059 | $1,099 | $1,106 | $1,125 | $1,138 | $1,162 | $1,161 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |