Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.32% | +0.18 | 2.13% |
| Return on Equity (%) | ▲ | 26.09% | +1.08 | 25.01% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.28 | 4.36% |
| Efficiency Ratio (%) | ▼ | 56.50% | +0.24 | 56.27% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 1.96% | -0.41 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $430 | +45.79 | $385 |
| Gross Loans ($M) | ▲ | $358 | +27.23 | $330 |
| Loan Growth YoY (%) | ▼ | 90.82% | -4.15 | 94.98% |
| Total Deposits ($M) | ▲ | $389 | +44.98 | $344 |
| Shareholders Equity ($M) | ▲ | $38 | +5.39 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +5.39 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 90.82% | -4.15 | 94.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.12 | 0.27% |
| Allowance / Loans (%) | — | 1.30% | 0.09% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.13 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.96% | +0.64 | 11.32% |
Noninterest income ($1.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 4.05% | 4.10% | 4.16% | 4.36% | 4.54% | 4.60% | 4.66% | 4.64% |
| ▁▃▄▆████ | Return on Assets (%) | 1.63% | 1.83% | 1.91% | 2.13% | 2.28% | 2.32% | 2.30% | 2.32% |
| █▆▅▁▁▁▂▁ | Efficiency Ratio (%) | 62.7% | 60.5% | 60.0% | 56.3% | 56.8% | 56.2% | 57.3% | 56.5% |
| ▇██▆▅▃▃▁ | Cost of Funds (%) | 2.44% | 2.60% | 2.60% | 2.37% | 2.32% | 2.20% | 2.18% | 1.96% |
| █▃▂▄▃▂▃▁ | NPA / Assets (%) | 0.44% | 0.22% | 0.21% | 0.27% | 0.22% | 0.21% | 0.22% | 0.15% |
| █▃▂█▆▅▆▁ | Net Charge-Off Ratio (%) | 0.32% | 0.23% | 0.21% | 0.31% | 0.27% | 0.26% | 0.27% | 0.18% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $30 | $31 | $32 | $33 | $34 | $36 | $37 | $38 |
| ▁▃▂▃▂▄▇█ | Gross Loans ($M) | $319 | $333 | $326 | $330 | $327 | $338 | $349 | $358 |
| ▁▃▃▅▆███ | Total Deposits ($M) | $292 | $325 | $322 | $344 | $363 | $377 | $381 | $389 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 18% |