Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.84% | +1.18 | 1.66% |
| Return on Equity (%) | ▲ | 15.21% | +5.55 | 9.66% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.40 | 4.24% |
| Efficiency Ratio (%) | ▲ | 40.34% | -20.00 | 60.34% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.17 | $3 |
| Cost of Funds (%) | ▲ | 1.61% | -0.16 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $723 | +11.47 | $712 |
| Gross Loans ($M) | ▲ | $493 | +31.10 | $462 |
| Loan Growth YoY (%) | ▲ | 83.29% | +5.78 | 77.51% |
| Total Deposits ($M) | ▼ | $585 | -3.88 | $589 |
| Shareholders Equity ($M) | ▲ | $135 | +13.70 | $122 |
| Tang. Book Value ($M) | ▲ | $133 | +13.70 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +14.00 | $126 |
| Loan / Deposit Ratio (%) | ▲ | 83.29% | +5.78 | 77.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.33 | 0.76% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.59% | +0.43 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▇▇█ | Net Interest Margin (%) | 4.03% | 4.07% | 4.13% | 4.24% | 4.37% | 4.48% | 4.54% | 4.63% |
| ▄▅▅▁▄▆▅█ | Return on Assets (%) | 2.24% | 2.30% | 2.27% | 1.66% | 2.19% | 2.43% | 2.39% | 2.84% |
| ▃▃▃█▄▃▃▁ | Efficiency Ratio (%) | 47.2% | 46.1% | 47.5% | 60.3% | 50.2% | 46.5% | 47.7% | 40.3% |
| ▆█▇▄▄▄▂▁ | Cost of Funds (%) | 1.88% | 2.00% | 1.92% | 1.78% | 1.77% | 1.77% | 1.68% | 1.61% |
| ▂▁▁▁██▆▆ | NPA / Assets (%) | 0.80% | 0.72% | 0.70% | 0.76% | 1.22% | 1.16% | 1.06% | 1.08% |
| ▂▁▂▃█▆▆▇ | Net Charge-Off Ratio (%) | 1.08% | 0.94% | 1.06% | 1.16% | 1.79% | 1.56% | 1.50% | 1.59% |
| ▁▃▃▄▃▆▇█ | Tang. Book Value ($M) | $109 | $116 | $117 | $119 | $116 | $124 | $129 | $133 |
| ▁▂▂▃▃▆▇█ | Gross Loans ($M) | $451 | $461 | $456 | $462 | $465 | $478 | $486 | $493 |
| ▅▁▂█▇▄▂▇ | Total Deposits ($M) | $579 | $568 | $572 | $589 | $586 | $576 | $572 | $585 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |