Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.07 | 1.03% |
| Return on Equity (%) | ▼ | 20.97% | -9.21 | 30.18% |
| Net Interest Margin (%) | ▼ | 3.58% | -0.03 | 3.61% |
| Efficiency Ratio (%) | ▼ | 69.54% | +1.31 | 68.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.18 | $3 |
| Cost of Funds (%) | ▲ | 0.87% | -0.13 | 0.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,100 | +65.71 | $1,034 |
| Gross Loans ($M) | ▲ | $365 | +28.68 | $336 |
| Loan Growth YoY (%) | ▲ | 35.25% | +0.64 | 34.61% |
| Total Deposits ($M) | ▲ | $1,020 | +63.03 | $957 |
| Shareholders Equity ($M) | ▲ | $50 | +12.51 | $37 |
| Tang. Book Value ($M) | ▲ | $50 | +12.51 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +15.86 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 35.25% | +0.64 | 34.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.06% | +1.02 | 0.03% |
| Allowance / Loans (%) | — | 1.44% | -0.03% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 3.18% | +3.09 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.08 | 13.84% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▂▂▃▃▁ | Net Interest Margin (%) | 3.75% | 3.75% | 3.77% | 3.61% | 3.61% | 3.64% | 3.64% | 3.58% |
| █▇▃▆▃▃▁▂ | Return on Assets (%) | 1.07% | 1.04% | 0.97% | 1.03% | 0.97% | 0.98% | 0.93% | 0.96% |
| ▁▃▆▅▇▇█▇ | Efficiency Ratio (%) | 64.7% | 66.3% | 68.6% | 68.2% | 69.3% | 69.9% | 70.6% | 69.5% |
| █▇▅▃▃▅▂▁ | Cost of Funds (%) | 1.34% | 1.25% | 1.15% | 0.99% | 1.04% | 1.11% | 0.96% | 0.87% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.05% | 0.04% | 0.03% | 0.03% | 0.04% | 0.04% | 1.08% | 1.06% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.13% | 0.10% | 0.09% | 0.10% | 0.13% | 0.13% | 3.23% | 3.18% |
| ▁▅▂▅▆▇██ | Tang. Book Value ($M) | $24 | $37 | $30 | $37 | $41 | $46 | $49 | $50 |
| ▁▁▁▁▂█▇█ | Gross Loans ($M) | $335 | $336 | $336 | $336 | $342 | $364 | $359 | $365 |
| ▂▃▁▅█▇▇█ | Total Deposits ($M) | $900 | $916 | $874 | $957 | $1,003 | $992 | $991 | $1,020 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 34% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 26% |