Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.50 | 0.96% |
| Return on Equity (%) | ▲ | 25.53% | +7.27 | 18.26% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.25 | 3.42% |
| Efficiency Ratio (%) | ▲ | 65.00% | -8.67 | 73.67% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.77 | $4 |
| Cost of Funds (%) | ▲ | 1.12% | -0.17 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,321 | +104.61 | $1,216 |
| Gross Loans ($M) | ▲ | $889 | +77.15 | $811 |
| Loan Growth YoY (%) | ▲ | 81.01% | +4.15 | 76.86% |
| Total Deposits ($M) | ▲ | $1,086 | +40.80 | $1,045 |
| Shareholders Equity ($M) | ▲ | $76 | +9.40 | $66 |
| Tang. Book Value ($M) | ▲ | $75 | +9.42 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +7.97 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 81.01% | +4.15 | 76.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.09 | 0.24% |
| Allowance / Loans (%) | — | 0.97% | -0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.13 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.64% | -0.62 | 12.27% |
Noninterest income ($4.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▆▇█ | Net Interest Margin (%) | 2.90% | 2.97% | 3.06% | 3.42% | 3.41% | 3.43% | 3.53% | 3.66% |
| ▁▁▁▃▄▇▇█ | Return on Assets (%) | 0.70% | 0.79% | 0.76% | 0.96% | 1.01% | 1.28% | 1.30% | 1.46% |
| █▇▆▅▅▂▂▁ | Efficiency Ratio (%) | 79.6% | 77.2% | 76.0% | 73.7% | 72.5% | 68.0% | 67.8% | 65.0% |
| █▅▄▃▂▃▂▁ | Cost of Funds (%) | 1.62% | 1.39% | 1.35% | 1.29% | 1.24% | 1.26% | 1.23% | 1.12% |
| █▆▃▂▂▁▄▁ | NPA / Assets (%) | 0.54% | 0.43% | 0.28% | 0.24% | 0.21% | 0.19% | 0.30% | 0.15% |
| █▇▃▂▂▂▃▁ | Net Charge-Off Ratio (%) | 0.82% | 0.68% | 0.42% | 0.35% | 0.32% | 0.29% | 0.44% | 0.22% |
| ▁▇▁▂▃█▇█ | Tang. Book Value ($M) | $64 | $73 | $63 | $66 | $67 | $76 | $74 | $75 |
| ▁▁▃▁▄▅▇█ | Gross Loans ($M) | $814 | $805 | $827 | $811 | $838 | $851 | $869 | $889 |
| ▁▁▂▄▂▁▄█ | Total Deposits ($M) | $1,018 | $1,022 | $1,029 | $1,045 | $1,031 | $1,021 | $1,052 | $1,086 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |