Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.10 | 1.49% |
| Return on Equity (%) | ▼ | 10.86% | -0.45 | 11.31% |
| Net Interest Margin (%) | ▲ | 4.61% | +0.33 | 4.28% |
| Efficiency Ratio (%) | ▼ | 62.15% | +0.45 | 61.69% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.14 | $3 |
| Cost of Funds (%) | ▲ | 1.26% | -0.12 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $676 | -24.81 | $700 |
| Gross Loans ($M) | ▲ | $369 | +13.51 | $356 |
| Loan Growth YoY (%) | ▲ | 62.59% | +2.41 | 60.19% |
| Total Deposits ($M) | ▼ | $566 | -1.68 | $568 |
| Shareholders Equity ($M) | ▲ | $99 | +6.02 | $93 |
| Tang. Book Value ($M) | ▲ | $97 | +6.29 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +4.95 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 62.59% | +2.41 | 60.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.05 | 0.31% |
| Allowance / Loans (%) | — | 4.01% | 0.10% | 3.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.03 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▇██ | Net Interest Margin (%) | 3.91% | 4.02% | 4.12% | 4.28% | 4.34% | 4.49% | 4.56% | 4.61% |
| ▁▂▄▆▅▆▇█ | Return on Assets (%) | 1.19% | 1.26% | 1.38% | 1.49% | 1.39% | 1.47% | 1.51% | 1.59% |
| ▂▃▁▁█▆▆▂ | Efficiency Ratio (%) | 62.1% | 62.4% | 61.9% | 61.7% | 63.7% | 63.1% | 63.1% | 62.1% |
| ▃▅▇▄█▇▃▁ | Cost of Funds (%) | 1.33% | 1.41% | 1.47% | 1.38% | 1.52% | 1.47% | 1.35% | 1.26% |
| ▄██▇▄▁▅▅ | NPA / Assets (%) | 0.26% | 0.33% | 0.31% | 0.31% | 0.26% | 0.20% | 0.26% | 0.26% |
| █▆▄▅▅▁▅▆ | Net Charge-Off Ratio (%) | 0.54% | 0.48% | 0.42% | 0.45% | 0.46% | 0.35% | 0.46% | 0.48% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $85 | $90 | $87 | $91 | $94 | $98 | $95 | $97 |
| ▁▂▄▅▇███ | Gross Loans ($M) | $334 | $342 | $349 | $356 | $364 | $368 | $372 | $369 |
| █▄▂▃▁▁▁▃ | Total Deposits ($M) | $605 | $571 | $556 | $568 | $554 | $547 | $550 | $566 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 27% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 12% |