Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.21 | 1.04% |
| Return on Equity (%) | ▲ | 14.30% | +1.47 | 12.83% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.22 | 4.09% |
| Efficiency Ratio (%) | ▲ | 69.48% | -4.67 | 74.14% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▼ | 1.12% | +0.06 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $956 | +11.29 | $945 |
| Gross Loans ($M) | ▲ | $693 | +29.26 | $664 |
| Loan Growth YoY (%) | ▲ | 80.53% | +3.24 | 77.29% |
| Total Deposits ($M) | ▲ | $851 | +1.61 | $849 |
| Shareholders Equity ($M) | ▲ | $84 | +7.20 | $77 |
| Tang. Book Value ($M) | ▲ | $84 | +7.20 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +6.04 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 80.53% | +3.24 | 77.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.10% | 0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.04 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.93% | +0.26 | 12.66% |
Noninterest income ($1.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.84% | 3.88% | 3.95% | 4.09% | 4.17% | 4.19% | 4.22% | 4.31% |
| ▅▆▅▁▃▅▆█ | Return on Assets (%) | 1.15% | 1.17% | 1.14% | 1.04% | 1.10% | 1.14% | 1.17% | 1.24% |
| ▂▃▅█▇▆▅▁ | Efficiency Ratio (%) | 70.6% | 71.2% | 72.0% | 74.1% | 73.1% | 72.4% | 71.9% | 69.5% |
| ██▂▁▃▃▅▄ | Cost of Funds (%) | 1.19% | 1.17% | 1.08% | 1.06% | 1.10% | 1.10% | 1.13% | 1.12% |
| ▇▂▁█▃▃▅▁ | NPA / Assets (%) | 0.03% | 0.01% | 0.01% | 0.04% | 0.02% | 0.02% | 0.02% | 0.01% |
| ▇▂▁█▃▃▅▁ | Net Charge-Off Ratio (%) | 0.05% | 0.02% | 0.01% | 0.05% | 0.03% | 0.02% | 0.03% | 0.01% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $72 | $78 | $75 | $77 | $79 | $82 | $84 | $84 |
| ▁▁▂▂▂▂█▆ | Gross Loans ($M) | $656 | $652 | $660 | $664 | $665 | $664 | $712 | $693 |
| ▁▃▁▂▅█▆▂ | Total Deposits ($M) | $843 | $855 | $840 | $849 | $866 | $892 | $875 | $851 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |