Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.34 | 1.31% |
| Return on Equity (%) | ▼ | 28.56% | -2.58 | 31.14% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.37 | 2.94% |
| Efficiency Ratio (%) | ▲ | 56.47% | -5.54 | 62.01% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.75 | $2 |
| Cost of Funds (%) | ▲ | 1.59% | -0.19 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $706 | +46.39 | $660 |
| Gross Loans ($M) | ▲ | $369 | +24.53 | $344 |
| Loan Growth YoY (%) | ▲ | 64.26% | +2.07 | 62.19% |
| Total Deposits ($M) | ▲ | $565 | +20.37 | $545 |
| Shareholders Equity ($M) | ▲ | $40 | +10.58 | $30 |
| Tang. Book Value ($M) | ▲ | $40 | +10.58 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +12.56 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 64.26% | +2.07 | 62.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.09 | 0.16% |
| Allowance / Loans (%) | — | 1.52% | -0.05% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.13 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.84% | -0.95 | 15.79% |
Noninterest income ($1.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.74% | 2.73% | 2.77% | 2.94% | 3.01% | 3.07% | 3.14% | 3.31% |
| ▁▁▂▅▆▆██ | Return on Assets (%) | 0.92% | 0.99% | 1.09% | 1.31% | 1.41% | 1.46% | 1.57% | 1.65% |
| █▇▆▄▂▂▁▁ | Efficiency Ratio (%) | 70.9% | 68.8% | 66.5% | 62.0% | 60.1% | 59.2% | 57.2% | 56.5% |
| ▄██▅▄▆▄▁ | Cost of Funds (%) | 1.71% | 1.87% | 1.90% | 1.78% | 1.73% | 1.80% | 1.74% | 1.59% |
| ███▇▄▃▁▂ | NPA / Assets (%) | 0.16% | 0.18% | 0.17% | 0.16% | 0.10% | 0.07% | 0.03% | 0.07% |
| ▇██▆▃▃▁▂ | Net Charge-Off Ratio (%) | 0.28% | 0.32% | 0.33% | 0.26% | 0.15% | 0.15% | 0.06% | 0.13% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $23 | $32 | $25 | $30 | $30 | $38 | $41 | $40 |
| ▁▁▄▃▃▅██ | Gross Loans ($M) | $333 | $337 | $348 | $344 | $346 | $352 | $365 | $369 |
| ▁▂▃▅▆▇▅█ | Total Deposits ($M) | $519 | $529 | $533 | $545 | $553 | $556 | $546 | $565 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 18% |