Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.17 | 0.90% |
| Return on Equity (%) | ▼ | 7.12% | -1.54 | 8.66% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.21 | 3.25% |
| Efficiency Ratio (%) | ▼ | 80.74% | +6.44 | 74.30% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.05 | $3 |
| Cost of Funds (%) | ▲ | 2.08% | -0.19 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,444 | +181.04 | $1,263 |
| Gross Loans ($M) | ▲ | $1,044 | +123.77 | $920 |
| Loan Growth YoY (%) | ▲ | 86.07% | +0.33 | 85.75% |
| Total Deposits ($M) | ▲ | $1,201 | +139.51 | $1,062 |
| Shareholders Equity ($M) | ▲ | $147 | +12.57 | $134 |
| Tang. Book Value ($M) | ▲ | $85 | +7.34 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +9.56 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 86.07% | +0.33 | 85.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.01 | 0.14% |
| Allowance / Loans (%) | — | 0.97% | -0.11% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.02 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄█▆▁▃▅▆█ | Net Interest Margin (%) | 3.34% | 3.45% | 3.38% | 3.25% | 3.32% | 3.36% | 3.39% | 3.46% |
| █▂▁▄▆▅▅▂ | Return on Assets (%) | 1.15% | 0.74% | 0.66% | 0.90% | 0.97% | 0.95% | 0.94% | 0.73% |
| ▁▇▇▆▅▆▇█ | Efficiency Ratio (%) | 62.3% | 78.1% | 78.3% | 74.3% | 72.9% | 74.6% | 76.2% | 80.7% |
| ▇█▅▂▁▃▂▁ | Cost of Funds (%) | 2.75% | 2.94% | 2.57% | 2.27% | 2.17% | 2.38% | 2.27% | 2.08% |
| ▁▁▂▄█▄█▃ | NPA / Assets (%) | 0.09% | 0.10% | 0.11% | 0.14% | 0.20% | 0.15% | 0.21% | 0.12% |
| ▁▁▂▄▇▅█▃ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.15% | 0.19% | 0.28% | 0.21% | 0.30% | 0.17% |
| ▆█▁▂▃▇█▆ | Tang. Book Value ($M) | $84 | $88 | $75 | $78 | $79 | $86 | $88 | $85 |
| ▁▂▁▁▃▄▅█ | Gross Loans ($M) | $922 | $941 | $927 | $920 | $954 | $970 | $991 | $1,044 |
| ▆▄▁▄▅▆██ | Total Deposits ($M) | $1,113 | $1,074 | $954 | $1,062 | $1,090 | $1,137 | $1,177 | $1,201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 29% |