Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.19 | 1.34% |
| Return on Equity (%) | ▼ | 12.88% | -0.02 | 12.90% |
| Net Interest Margin (%) | ▲ | 4.61% | +0.54 | 4.07% |
| Efficiency Ratio (%) | ▲ | 58.34% | -4.72 | 63.05% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.16 | $4 |
| Cost of Funds (%) | ▲ | 1.39% | -0.21 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,012 | +19.64 | $992 |
| Gross Loans ($M) | ▲ | $755 | +54.74 | $701 |
| Loan Growth YoY (%) | ▲ | 84.86% | +4.20 | 80.66% |
| Total Deposits ($M) | ▲ | $878 | +21.30 | $857 |
| Shareholders Equity ($M) | ▲ | $119 | +16.28 | $103 |
| Tang. Book Value ($M) | ▲ | $119 | +16.46 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +15.15 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 84.86% | +4.20 | 80.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.01 | 0.30% |
| Allowance / Loans (%) | — | 1.36% | -0.01% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.07 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 3.68% | 3.74% | 3.83% | 4.07% | 4.26% | 4.34% | 4.43% | 4.61% |
| ▁▁▂▅▅▅▄█ | Return on Assets (%) | 1.11% | 1.15% | 1.17% | 1.34% | 1.37% | 1.36% | 1.28% | 1.53% |
| █▇███▇▅▁ | Efficiency Ratio (%) | 62.9% | 62.1% | 62.7% | 63.1% | 62.5% | 61.9% | 61.3% | 58.3% |
| ▇█▅▄▃▂▃▁ | Cost of Funds (%) | 1.82% | 1.93% | 1.72% | 1.60% | 1.54% | 1.51% | 1.54% | 1.39% |
| ▁▂█▇▃▃▇▆ | NPA / Assets (%) | 0.23% | 0.25% | 0.32% | 0.30% | 0.26% | 0.26% | 0.30% | 0.29% |
| ▁▁█▆▂▁▁▁ | Net Charge-Off Ratio (%) | 0.33% | 0.34% | 0.44% | 0.41% | 0.35% | 0.33% | 0.34% | 0.34% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $96 | $102 | $100 | $102 | $105 | $112 | $117 | $119 |
| ▁▂▁▂▂▇██ | Gross Loans ($M) | $688 | $698 | $694 | $701 | $701 | $741 | $749 | $755 |
| ▁▁▃▆▇▆▆█ | Total Deposits ($M) | $812 | $812 | $829 | $857 | $866 | $861 | $853 | $878 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |