Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.17 | 0.79% |
| Return on Equity (%) | ▲ | 7.38% | +0.70 | 6.68% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.22 | 3.24% |
| Efficiency Ratio (%) | ▲ | 68.20% | -5.95 | 74.15% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.54 | $2 |
| Cost of Funds (%) | ▲ | 1.09% | -0.08 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $686 | +7.09 | $679 |
| Gross Loans ($M) | ▲ | $342 | +12.81 | $329 |
| Loan Growth YoY (%) | ▲ | 57.27% | +2.31 | 54.97% |
| Total Deposits ($M) | ▼ | $589 | -1.56 | $590 |
| Shareholders Equity ($M) | ▲ | $88 | +8.45 | $80 |
| Tang. Book Value ($M) | ▲ | $73 | +8.45 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +8.75 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 57.27% | +2.31 | 54.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.07 | 0.41% |
| Allowance / Loans (%) | — | 1.45% | -0.04% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.12 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.46% | +0.29 | 23.17% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▅▆▆█ | Net Interest Margin (%) | 3.14% | 3.19% | 3.21% | 3.24% | 3.33% | 3.34% | 3.38% | 3.45% |
| ▁▃▄▃▆▆██ | Return on Assets (%) | 0.72% | 0.78% | 0.81% | 0.79% | 0.88% | 0.88% | 0.92% | 0.95% |
| █▆▅▆▄▃▂▁ | Efficiency Ratio (%) | 76.2% | 74.1% | 72.9% | 74.2% | 71.2% | 70.3% | 69.6% | 68.2% |
| ▃▆█▃▂▃▄▁ | Cost of Funds (%) | 1.17% | 1.28% | 1.34% | 1.17% | 1.14% | 1.18% | 1.20% | 1.09% |
| ▁▁██▇▇▇▆ | NPA / Assets (%) | 0.23% | 0.21% | 0.39% | 0.41% | 0.38% | 0.36% | 0.37% | 0.34% |
| ▁▁████▇▆ | Net Charge-Off Ratio (%) | 0.42% | 0.38% | 0.75% | 0.80% | 0.75% | 0.75% | 0.72% | 0.68% |
| ▁▅▁▃▄▆██ | Tang. Book Value ($M) | $61 | $68 | $62 | $64 | $67 | $70 | $74 | $73 |
| ▆▁▁▄▄▂▆█ | Gross Loans ($M) | $336 | $321 | $323 | $329 | $331 | $326 | $337 | $342 |
| ▁▄▁▅▇█▅▅ | Total Deposits ($M) | $570 | $587 | $574 | $590 | $599 | $607 | $591 | $589 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 8% |