Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.01 | 0.71% |
| Return on Equity (%) | ▼ | 7.80% | -0.76 | 8.56% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.04 | 4.12% |
| Efficiency Ratio (%) | ▼ | 75.92% | +1.32 | 74.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.10 | $2 |
| Cost of Funds (%) | ▼ | 1.50% | +0.09 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $722 | +76.59 | $646 |
| Gross Loans ($M) | ▲ | $505 | +79.90 | $425 |
| Loan Growth YoY (%) | ▲ | 77.81% | +5.15 | 72.66% |
| Total Deposits ($M) | ▲ | $640 | +63.07 | $577 |
| Shareholders Equity ($M) | ▲ | $66 | +12.87 | $54 |
| Tang. Book Value ($M) | ▲ | $65 | +12.82 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +12.44 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 77.81% | +5.15 | 72.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.18% | +0.36 | 0.82% |
| Allowance / Loans (%) | — | 1.35% | 0.02% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 1.69% | +0.44 | 1.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.39% | +0.82 | 12.57% |
Noninterest income ($1.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▃▂▆██▁ | Net Interest Margin (%) | 4.14% | 4.17% | 4.17% | 4.12% | 4.26% | 4.33% | 4.33% | 4.07% |
| ▆▆▅▁▇█▇▁ | Return on Assets (%) | 0.92% | 0.93% | 0.89% | 0.71% | 0.95% | 1.03% | 0.98% | 0.71% |
| ▄▄▃▇▁▁▂█ | Efficiency Ratio (%) | 71.9% | 72.2% | 71.6% | 74.6% | 69.5% | 69.3% | 70.5% | 75.9% |
| ▃██▁▄▃▆▄ | Cost of Funds (%) | 1.47% | 1.60% | 1.59% | 1.41% | 1.49% | 1.48% | 1.55% | 1.50% |
| ▂▁▁▁▁▂▂█ | NPA / Assets (%) | 0.85% | 0.81% | 0.78% | 0.82% | 0.80% | 0.84% | 0.85% | 1.18% |
| ▄▃▂▂▁▂▃█ | Net Charge-Off Ratio (%) | 1.36% | 1.30% | 1.22% | 1.25% | 1.15% | 1.23% | 1.29% | 1.69% |
| ▁▂▂▂▃▇██ | Tang. Book Value ($M) | $48 | $50 | $51 | $52 | $54 | $62 | $65 | $65 |
| ▁▁▃▄▆▇▇█ | Gross Loans ($M) | $376 | $385 | $412 | $425 | $469 | $473 | $483 | $505 |
| ▁▁▃▃▄▆██ | Total Deposits ($M) | $538 | $549 | $570 | $577 | $589 | $608 | $650 | $640 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |