Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.15 | 1.13% |
| Return on Equity (%) | ▲ | 13.93% | +0.83 | 13.10% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.23 | 3.65% |
| Efficiency Ratio (%) | ▲ | 56.93% | -3.37 | 60.30% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.55% | -0.18 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $882 | +40.76 | $841 |
| Gross Loans ($M) | ▲ | $660 | +45.78 | $614 |
| Loan Growth YoY (%) | ▲ | 87.41% | +2.90 | 84.51% |
| Total Deposits ($M) | ▲ | $742 | +26.96 | $715 |
| Shareholders Equity ($M) | ▲ | $82 | +9.65 | $73 |
| Tang. Book Value ($M) | ▲ | $82 | +9.65 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +9.96 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 87.41% | +2.90 | 84.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.04 | 0.12% |
| Allowance / Loans (%) | — | 1.67% | 0.11% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.06 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.96% | +1.32 | 10.64% |
Noninterest income ($1.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▃▅▆▇█ | Net Interest Margin (%) | 3.54% | 3.64% | 3.68% | 3.65% | 3.75% | 3.79% | 3.82% | 3.88% |
| ▁▃▃▃▁▄▆█ | Return on Assets (%) | 1.07% | 1.15% | 1.15% | 1.13% | 1.09% | 1.16% | 1.22% | 1.29% |
| █▇▇▆█▆▄▁ | Efficiency Ratio (%) | 61.8% | 60.7% | 60.7% | 60.3% | 61.3% | 60.2% | 58.8% | 56.9% |
| ▅▄▅▆█▇▁▁ | Cost of Funds (%) | 1.69% | 1.66% | 1.70% | 1.73% | 1.83% | 1.77% | 1.55% | 1.55% |
| █▆▆▅█▃▁▁ | NPA / Assets (%) | 0.16% | 0.13% | 0.13% | 0.12% | 0.16% | 0.11% | 0.09% | 0.08% |
| █▆▆▅█▃▂▁ | Net Charge-Off Ratio (%) | 0.21% | 0.18% | 0.17% | 0.17% | 0.21% | 0.14% | 0.12% | 0.11% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $65 | $69 | $70 | $73 | $74 | $78 | $80 | $82 |
| ▁▃▄▃▄▄▅█ | Gross Loans ($M) | $587 | $609 | $622 | $614 | $621 | $615 | $625 | $660 |
| ▁▂▃▆▃▄██ | Total Deposits ($M) | $669 | $687 | $693 | $715 | $690 | $698 | $740 | $742 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |