Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.35 | 0.95% |
| Return on Equity (%) | ▲ | 14.39% | +2.36 | 12.03% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.25 | 2.86% |
| Efficiency Ratio (%) | ▲ | 54.08% | -7.61 | 61.69% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.71 | $4 |
| Cost of Funds (%) | ▲ | 2.15% | -0.44 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,314 | +59.90 | $1,255 |
| Gross Loans ($M) | ▲ | $913 | +14.27 | $898 |
| Loan Growth YoY (%) | ▼ | 85.16% | -6.45 | 91.61% |
| Total Deposits ($M) | ▲ | $1,056 | +88.14 | $968 |
| Shareholders Equity ($M) | ▲ | $120 | +19.27 | $101 |
| Tang. Book Value ($M) | ▲ | $117 | +18.77 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +19.24 | $108 |
| Loan / Deposit Ratio (%) | ▼ | 85.16% | -6.45 | 91.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.42 | 0.04% |
| Allowance / Loans (%) | — | 1.42% | 0.16% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.57 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▇██ | Net Interest Margin (%) | 2.37% | 2.47% | 2.55% | 2.86% | 2.89% | 2.97% | 3.02% | 3.11% |
| ▁▁▂▄▆▆▇█ | Return on Assets (%) | 0.75% | 0.72% | 0.81% | 0.95% | 1.15% | 1.12% | 1.19% | 1.30% |
| █▆▆▆▃▂▂▁ | Efficiency Ratio (%) | 64.3% | 61.6% | 61.0% | 61.7% | 57.8% | 55.4% | 56.2% | 54.1% |
| ██▇▅▄▃▂▁ | Cost of Funds (%) | 3.00% | 2.98% | 2.82% | 2.60% | 2.49% | 2.41% | 2.35% | 2.15% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.06% | 0.05% | 0.08% | 0.04% | 0.49% | 0.46% | 0.51% | 0.47% |
| ▁▁▁▁███▇ | Net Charge-Off Ratio (%) | 0.09% | 0.07% | 0.11% | 0.06% | 0.70% | 0.65% | 0.72% | 0.63% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $87 | $95 | $93 | $98 | $102 | $109 | $113 | $117 |
| ▁▄▇▄▄█▇▅ | Gross Loans ($M) | $870 | $899 | $933 | $898 | $906 | $945 | $932 | $913 |
| ▁▂▄▄▄▆██ | Total Deposits ($M) | $905 | $935 | $980 | $968 | $980 | $1,004 | $1,048 | $1,056 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 24% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |