Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.22 | 0.67% |
| Return on Equity (%) | ▲ | 8.36% | +0.32 | 8.04% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.43 | 3.88% |
| Efficiency Ratio (%) | ▲ | 72.45% | -3.72 | 76.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.54 | $2 |
| Cost of Funds (%) | ▲ | 1.63% | -0.12 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,426 | +451.26 | $975 |
| Gross Loans ($M) | ▲ | $796 | +281.86 | $514 |
| Loan Growth YoY (%) | ▼ | 66.11% | -0.49 | 66.59% |
| Total Deposits ($M) | ▲ | $1,189 | +426.64 | $762 |
| Shareholders Equity ($M) | ▲ | $150 | +66.90 | $84 |
| Tang. Book Value ($M) | ▲ | $120 | +43.96 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +46.09 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 66.11% | -0.49 | 66.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.12 | 0.27% |
| Allowance / Loans (%) | — | 1.26% | -0.00% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.01 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.21% | +0.56 | 13.65% |
Noninterest income ($2.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▃▁▄▆█ | Net Interest Margin (%) | 4.32% | 4.19% | 4.18% | 3.88% | 3.71% | 3.99% | 4.14% | 4.32% |
| ███▃▃▁▁▇ | Return on Assets (%) | 0.94% | 0.94% | 0.91% | 0.67% | 0.67% | 0.58% | 0.54% | 0.89% |
| ▁▁▁▄▅██▁ | Efficiency Ratio (%) | 72.5% | 71.8% | 72.4% | 76.2% | 77.2% | 81.1% | 80.3% | 72.4% |
| ▂██▄▁█▆▁ | Cost of Funds (%) | 1.65% | 1.95% | 1.91% | 1.75% | 1.59% | 1.95% | 1.85% | 1.63% |
| ▄▂▁▄▇▇█▇ | NPA / Assets (%) | 0.28% | 0.23% | 0.17% | 0.27% | 0.37% | 0.39% | 0.43% | 0.39% |
| ▅▃▁▇▅▇█▇ | Net Charge-Off Ratio (%) | 0.47% | 0.40% | 0.30% | 0.51% | 0.47% | 0.54% | 0.58% | 0.53% |
| ▁▂▁▂████ | Tang. Book Value ($M) | $67 | $76 | $68 | $76 | $120 | $116 | $119 | $120 |
| ▁▁▁▂████ | Gross Loans ($M) | $449 | $447 | $485 | $514 | $782 | $782 | $791 | $796 |
| ▁▁▁▁████ | Total Deposits ($M) | $758 | $748 | $767 | $762 | $1,137 | $1,186 | $1,165 | $1,189 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 6% |