Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.21 | 1.83% |
| Return on Equity (%) | ▲ | 13.34% | +0.79 | 12.55% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.03 | 4.20% |
| Efficiency Ratio (%) | ▲ | 60.36% | -2.52 | 62.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.12% | -0.08 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +12.71 | $307 |
| Gross Loans ($M) | ▲ | $166 | +9.62 | $156 |
| Loan Growth YoY (%) | ▲ | 60.79% | +1.35 | 59.44% |
| Total Deposits ($M) | ▲ | $270 | +9.85 | $261 |
| Shareholders Equity ($M) | ▲ | $48 | +2.93 | $45 |
| Tang. Book Value ($M) | ▲ | $48 | +2.93 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +2.99 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 60.79% | +1.35 | 59.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.00 | 0.11% |
| Allowance / Loans (%) | — | 0.99% | 0.02% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.06 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.76% | +0.34 | 26.41% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▂▃▄▁ | Net Interest Margin (%) | 4.50% | 4.49% | 4.42% | 4.20% | 4.25% | 4.30% | 4.33% | 4.23% |
| ▁▃▃▁▄▅██ | Return on Assets (%) | 1.83% | 1.89% | 1.89% | 1.83% | 1.92% | 1.96% | 2.04% | 2.03% |
| ██▇▇▁▁▁▃ | Efficiency Ratio (%) | 64.2% | 63.5% | 63.2% | 62.9% | 58.3% | 58.6% | 58.0% | 60.4% |
| ▄▄▃▄█▇▅▁ | Cost of Funds (%) | 1.21% | 1.21% | 1.17% | 1.19% | 1.31% | 1.27% | 1.23% | 1.12% |
| ▁▁▁██▇▄█ | NPA / Assets (%) | 0.05% | 0.05% | 0.05% | 0.11% | 0.11% | 0.10% | 0.07% | 0.11% |
| ▁▁▂█▄▃▁▅ | Net Charge-Off Ratio (%) | 0.08% | 0.09% | 0.09% | 0.22% | 0.14% | 0.12% | 0.07% | 0.16% |
| ▄▇▁▂▂▆█▅ | Tang. Book Value ($M) | $47 | $50 | $44 | $45 | $45 | $49 | $51 | $48 |
| ▅▄▁▁▅▅█▇ | Gross Loans ($M) | $163 | $160 | $155 | $156 | $163 | $163 | $168 | $166 |
| ▁▁▅▆▆▆█▇ | Total Deposits ($M) | $230 | $234 | $259 | $261 | $261 | $261 | $279 | $270 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |