Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.14% | -0.40 | 1.54% |
| Return on Equity (%) | ▼ | 11.48% | -4.25 | 15.73% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.31 | 4.14% |
| Efficiency Ratio (%) | ▼ | 71.30% | +7.81 | 63.49% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.59 | $3 |
| Cost of Funds (%) | ▲ | 1.35% | -0.20 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $714 | +103.48 | $610 |
| Gross Loans ($M) | ▲ | $517 | +33.46 | $483 |
| Loan Growth YoY (%) | ▼ | 79.56% | -8.25 | 87.81% |
| Total Deposits ($M) | ▲ | $641 | +97.94 | $543 |
| Shareholders Equity ($M) | ▲ | $69 | +6.09 | $63 |
| Tang. Book Value ($M) | ▲ | $69 | +6.10 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +7.17 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 79.56% | -8.25 | 87.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.25 | 0.38% |
| Allowance / Loans (%) | — | 1.24% | -0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.30 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.15% | +0.39 | 14.76% |
Noninterest income ($2.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▁▅▅▄▃█ | Net Interest Margin (%) | 4.12% | 3.93% | 3.69% | 4.14% | 4.07% | 3.99% | 3.92% | 4.45% |
| ▃▁▁█▆▅▄▅ | Return on Assets (%) | 0.97% | 0.73% | 0.72% | 1.54% | 1.26% | 1.16% | 1.04% | 1.14% |
| ▅██▁▃▄▅▅ | Efficiency Ratio (%) | 72.6% | 78.5% | 78.9% | 63.5% | 67.5% | 70.7% | 72.8% | 71.3% |
| ▃██▃▃▅▅▁ | Cost of Funds (%) | 1.56% | 2.02% | 1.95% | 1.55% | 1.53% | 1.72% | 1.74% | 1.35% |
| ▅▄██▆▂▁▁ | NPA / Assets (%) | 0.26% | 0.24% | 0.38% | 0.38% | 0.29% | 0.17% | 0.15% | 0.13% |
| ▃▃█▇▅▁▁▁ | Net Charge-Off Ratio (%) | 0.30% | 0.28% | 0.53% | 0.48% | 0.38% | 0.22% | 0.19% | 0.18% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $59 | $59 | $60 | $63 | $64 | $66 | $67 | $69 |
| ▃▄▁▃█▆▆█ | Gross Loans ($M) | $479 | $484 | $464 | $483 | $512 | $500 | $500 | $517 |
| ▁▁▆▅▆▆▆█ | Total Deposits ($M) | $442 | $465 | $582 | $543 | $586 | $578 | $581 | $641 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 58% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 2% |