Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.37 | 0.63% |
| Return on Equity (%) | ▲ | 11.01% | +4.36 | 6.65% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.57 | 3.46% |
| Efficiency Ratio (%) | ▲ | 72.48% | -5.85 | 78.33% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.77 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.14 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $703 | +198.53 | $505 |
| Gross Loans ($M) | ▲ | $467 | +146.74 | $320 |
| Loan Growth YoY (%) | ▲ | 75.96% | +2.98 | 72.98% |
| Total Deposits ($M) | ▲ | $607 | +173.17 | $434 |
| Shareholders Equity ($M) | ▲ | $64 | +14.50 | $50 |
| Tang. Book Value ($M) | ▲ | $60 | +10.59 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +11.09 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 75.96% | +2.98 | 72.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.11 | 0.14% |
| Allowance / Loans (%) | — | 1.20% | 0.15% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.95% | 3.00% | 3.06% | 3.46% | 3.53% | 3.60% | 3.74% | 4.03% |
| ▁▁▄▃▂▁▃█ | Return on Assets (%) | 0.44% | 0.50% | 0.70% | 0.63% | 0.54% | 0.50% | 0.62% | 1.00% |
| ██▅▅██▆▁ | Efficiency Ratio (%) | 83.5% | 82.9% | 78.0% | 78.3% | 82.2% | 83.3% | 80.5% | 72.5% |
| ██▅▃▃▂▁▁ | Cost of Funds (%) | 1.51% | 1.54% | 1.36% | 1.27% | 1.25% | 1.23% | 1.16% | 1.13% |
| ▆▆▅▆▁▁█▁ | NPA / Assets (%) | 0.15% | 0.14% | 0.12% | 0.14% | 0.02% | 0.03% | 0.19% | 0.02% |
| ▇▆▁▁▁▂█▁ | Net Charge-Off Ratio (%) | 0.24% | 0.23% | 0.01% | 0.03% | 0.04% | 0.05% | 0.31% | 0.04% |
| ▃▄▄▅▅▁██ | Tang. Book Value ($M) | $44 | $49 | $47 | $50 | $51 | $38 | $59 | $60 |
| ▂▁▁▁▁▁▇█ | Gross Loans ($M) | $336 | $315 | $326 | $320 | $310 | $308 | $441 | $467 |
| ▂▁▂▁▁▁██ | Total Deposits ($M) | $457 | $437 | $445 | $434 | $418 | $414 | $603 | $607 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 17% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |