Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.36 | 1.54% |
| Return on Equity (%) | ▲ | 15.92% | +1.97 | 13.95% |
| Net Interest Margin (%) | ▲ | 4.86% | +0.41 | 4.45% |
| Efficiency Ratio (%) | ▲ | 61.73% | -4.83 | 66.57% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.28 | $5 |
| Cost of Funds (%) | ▲ | 1.58% | -0.25 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,191 | +39.64 | $1,152 |
| Gross Loans ($M) | ▲ | $925 | +37.18 | $888 |
| Loan Growth YoY (%) | ▲ | 89.73% | +2.77 | 86.96% |
| Total Deposits ($M) | ▲ | $1,016 | +10.48 | $1,006 |
| Shareholders Equity ($M) | ▲ | $141 | +11.65 | $129 |
| Tang. Book Value ($M) | ▲ | $141 | +11.65 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $149 | +11.76 | $137 |
| Loan / Deposit Ratio (%) | ▲ | 89.73% | +2.77 | 86.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.17 | 0.39% |
| Allowance / Loans (%) | — | 1.43% | -0.07% | 1.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.03 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 4.01% | 4.09% | 4.20% | 4.45% | 4.62% | 4.68% | 4.72% | 4.86% |
| ▁▁▁▃▇▇▇█ | Return on Assets (%) | 1.40% | 1.44% | 1.44% | 1.54% | 1.81% | 1.82% | 1.80% | 1.91% |
| ██▇▇▂▃▁▁ | Efficiency Ratio (%) | 67.5% | 67.1% | 66.2% | 66.6% | 62.9% | 63.5% | 62.1% | 61.7% |
| ▇█▇▄▃▄▃▁ | Cost of Funds (%) | 1.97% | 2.10% | 2.01% | 1.83% | 1.74% | 1.80% | 1.75% | 1.58% |
| █▃▄▁▁▃▄▆ | NPA / Assets (%) | 0.63% | 0.44% | 0.48% | 0.39% | 0.36% | 0.45% | 0.50% | 0.55% |
| █▁▃▁▁▄▃▁ | Net Charge-Off Ratio (%) | 0.72% | 0.44% | 0.53% | 0.43% | 0.46% | 0.56% | 0.51% | 0.46% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $118 | $121 | $124 | $129 | $130 | $134 | $139 | $141 |
| ▁▃▃▂▁▂▅█ | Gross Loans ($M) | $881 | $896 | $897 | $888 | $883 | $887 | $906 | $925 |
| ▄▄▃█▅▃▁█ | Total Deposits ($M) | $963 | $955 | $945 | $1,006 | $968 | $943 | $914 | $1,016 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |