Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.14 | 1.67% |
| Return on Equity (%) | ▲ | 21.48% | +0.73 | 20.75% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.13 | 3.52% |
| Efficiency Ratio (%) | ▲ | 54.19% | -1.94 | 56.13% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.12 | $6 |
| Cost of Funds (%) | ▲ | 2.07% | -0.24 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,654 | +127.51 | $1,526 |
| Gross Loans ($M) | ▲ | $1,066 | +119.10 | $947 |
| Loan Growth YoY (%) | ▲ | 69.95% | +2.93 | 67.02% |
| Total Deposits ($M) | ▲ | $1,499 | +112.35 | $1,386 |
| Shareholders Equity ($M) | ▲ | $141 | +15.38 | $125 |
| Tang. Book Value ($M) | ▲ | $136 | +15.51 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +14.32 | $130 |
| Loan / Deposit Ratio (%) | ▲ | 69.95% | +2.93 | 67.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.05 | 0.53% |
| Allowance / Loans (%) | — | 1.65% | -0.22% | 1.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.64% | -0.08 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▆▇█▅ | Net Interest Margin (%) | 3.47% | 3.51% | 3.57% | 3.52% | 3.67% | 3.74% | 3.78% | 3.65% |
| ▁▂▄▂▆▇█▇ | Return on Assets (%) | 1.64% | 1.69% | 1.74% | 1.67% | 1.79% | 1.82% | 1.85% | 1.82% |
| █▅▃▇▃▂▂▁ | Efficiency Ratio (%) | 56.6% | 55.7% | 55.1% | 56.1% | 54.9% | 54.7% | 54.6% | 54.2% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 2.46% | 2.51% | 2.42% | 2.31% | 2.31% | 2.30% | 2.19% | 2.07% |
| ▅▁▁▄▅▄▁█ | NPA / Assets (%) | 0.54% | 0.50% | 0.50% | 0.53% | 0.55% | 0.53% | 0.50% | 0.59% |
| █▅▆██▂▁▆ | Net Charge-Off Ratio (%) | 0.73% | 0.64% | 0.66% | 0.72% | 0.74% | 0.51% | 0.48% | 0.64% |
| ▁▃▂▄▅█▇█ | Tang. Book Value ($M) | $107 | $117 | $113 | $120 | $123 | $134 | $129 | $136 |
| ▁▂▂▃▄▆██ | Gross Loans ($M) | $895 | $924 | $940 | $947 | $979 | $1,011 | $1,077 | $1,066 |
| ▁▂▃▄▅▄▆█ | Total Deposits ($M) | $1,292 | $1,320 | $1,353 | $1,386 | $1,408 | $1,394 | $1,446 | $1,499 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 5% |
| Consumer | 8% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |