Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.64 | 0.23% |
| Return on Equity (%) | ▲ | 8.75% | +6.43 | 2.32% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.75 | 2.67% |
| Efficiency Ratio (%) | ▲ | 69.26% | -17.46 | 86.73% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.77 | $1 |
| Cost of Funds (%) | ▲ | 1.58% | -0.21 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,474 | +284.32 | $1,189 |
| Gross Loans ($M) | ▲ | $1,130 | +254.03 | $876 |
| Loan Growth YoY (%) | ▲ | 86.15% | +2.83 | 83.32% |
| Total Deposits ($M) | ▲ | $1,302 | +257.01 | $1,045 |
| Shareholders Equity ($M) | ▲ | $148 | +28.18 | $119 |
| Tang. Book Value ($M) | ▲ | $130 | +14.59 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +13.69 | $126 |
| Loan / Deposit Ratio (%) | ▲ | 86.15% | +2.83 | 83.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.20 | 0.11% |
| Allowance / Loans (%) | — | 0.74% | 0.13% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.26 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▇█ | Net Interest Margin (%) | 2.43% | 2.43% | 2.48% | 2.67% | 2.79% | 3.02% | 3.18% | 3.42% |
| ▁▁▁▂▃▂▃█ | Return on Assets (%) | 0.12% | 0.21% | 0.17% | 0.23% | 0.39% | 0.25% | 0.35% | 0.87% |
| ███▆▅▆▆▁ | Efficiency Ratio (%) | 94.8% | 93.6% | 92.3% | 86.7% | 83.6% | 87.9% | 85.6% | 69.3% |
| ▆█▇▄▄▅▃▁ | Cost of Funds (%) | 1.91% | 2.02% | 1.91% | 1.79% | 1.76% | 1.81% | 1.71% | 1.58% |
| ▁▂▃▁▁▅▇█ | NPA / Assets (%) | 0.13% | 0.16% | 0.18% | 0.11% | 0.14% | 0.23% | 0.28% | 0.31% |
| ▁▃▃▁▁▅▇█ | Net Charge-Off Ratio (%) | 0.18% | 0.22% | 0.24% | 0.15% | 0.18% | 0.30% | 0.36% | 0.41% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $111 | $114 | $114 | $116 | $118 | $123 | $126 | $130 |
| ▁▁▁▂▂███ | Gross Loans ($M) | $835 | $853 | $859 | $876 | $894 | $1,117 | $1,138 | $1,130 |
| ▁▁▁▂▂███ | Total Deposits ($M) | $984 | $1,009 | $1,019 | $1,045 | $1,046 | $1,277 | $1,285 | $1,302 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 8% |