Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.21 | 1.48% |
| Return on Equity (%) | ▲ | 19.99% | +1.04 | 18.95% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.05 | 3.32% |
| Efficiency Ratio (%) | ▲ | 61.52% | -0.44 | 61.96% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.73 | $4 |
| Cost of Funds (%) | ▼ | 0.87% | +0.05 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,143 | +69.51 | $1,073 |
| Gross Loans ($M) | ▲ | $633 | +88.29 | $544 |
| Loan Growth YoY (%) | ▲ | 60.21% | +5.96 | 54.25% |
| Total Deposits ($M) | ▲ | $1,038 | +46.44 | $991 |
| Shareholders Equity ($M) | ▲ | $97 | +21.63 | $76 |
| Tang. Book Value ($M) | ▲ | $97 | +21.04 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +21.35 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 60.21% | +5.96 | 54.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.15 | 0.00% |
| Allowance / Loans (%) | — | 1.24% | 0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄███▅ | Net Interest Margin (%) | 3.20% | 3.21% | 3.28% | 3.32% | 3.46% | 3.48% | 3.46% | 3.37% |
| ▆▁▃▃▇███ | Return on Assets (%) | 1.62% | 1.34% | 1.48% | 1.48% | 1.63% | 1.72% | 1.72% | 1.68% |
| ▆▅▄█▂▁▂█ | Efficiency Ratio (%) | 60.8% | 60.4% | 60.0% | 62.0% | 59.1% | 58.1% | 59.0% | 61.5% |
| ▁▁▃▂█▇▃▃ | Cost of Funds (%) | 0.80% | 0.78% | 0.85% | 0.82% | 1.02% | 0.97% | 0.86% | 0.87% |
| ▁▁▁▁▁█▃▄ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% | 0.15% |
| ▁▁▁▁▁█▃▄ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.66% | 0.21% | 0.27% |
| ▁▆▃▁▃▇██ | Tang. Book Value ($M) | $74 | $91 | $83 | $76 | $81 | $93 | $97 | $97 |
| ▁▁▂▄▆▇▇█ | Gross Loans ($M) | $485 | $498 | $521 | $544 | $578 | $603 | $607 | $633 |
| ▁▅▁▆▂▅██ | Total Deposits ($M) | $893 | $976 | $873 | $991 | $918 | $984 | $1,055 | $1,038 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |