Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.38% | +0.11 | 0.28% |
| Return on Equity (%) | ▲ | 3.91% | +0.88 | 3.03% |
| Net Interest Margin (%) | ▲ | 2.46% | +0.37 | 2.09% |
| Efficiency Ratio (%) | ▲ | 81.29% | -4.82 | 86.11% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.84 | $2 |
| Cost of Funds (%) | ▲ | 2.08% | -0.17 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,880 | +3.00 | $1,877 |
| Gross Loans ($M) | ▲ | $1,302 | +59.02 | $1,243 |
| Loan Growth YoY (%) | ▲ | 79.40% | +2.64 | 76.77% |
| Total Deposits ($M) | ▲ | $1,615 | +20.50 | $1,595 |
| Shareholders Equity ($M) | ▲ | $185 | +11.37 | $174 |
| Tang. Book Value ($M) | ▲ | $185 | +11.37 | $174 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +8.00 | $190 |
| Loan / Deposit Ratio (%) | ▲ | 79.40% | +2.64 | 76.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.51% | -0.01% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.03 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 1.96% | 1.94% | 1.97% | 2.09% | 2.20% | 2.30% | 2.35% | 2.46% |
| ▁▁▁▄▆▇█▇ | Return on Assets (%) | 0.19% | 0.16% | 0.19% | 0.28% | 0.36% | 0.39% | 0.46% | 0.38% |
| ▇██▆▃▂▁▃ | Efficiency Ratio (%) | 87.8% | 90.1% | 89.1% | 86.1% | 81.9% | 79.7% | 77.5% | 81.3% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 2.42% | 2.45% | 2.37% | 2.25% | 2.25% | 2.26% | 2.20% | 2.08% |
| ▁▃▃▃▇█▆▇ | NPA / Assets (%) | 0.00% | 0.02% | 0.02% | 0.02% | 0.03% | 0.04% | 0.03% | 0.04% |
| ▁▄▃▃▇█▆▇ | Net Charge-Off Ratio (%) | 0.00% | 0.03% | 0.02% | 0.02% | 0.05% | 0.06% | 0.05% | 0.05% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $167 | $170 | $171 | $174 | $177 | $180 | $183 | $185 |
| ▁▁▅▃▆▇▇█ | Gross Loans ($M) | $1,218 | $1,212 | $1,257 | $1,243 | $1,274 | $1,282 | $1,284 | $1,302 |
| ▁▄█▆▆▆▇█ | Total Deposits ($M) | $1,486 | $1,544 | $1,632 | $1,595 | $1,589 | $1,587 | $1,604 | $1,615 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |