Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.61 | 0.91% |
| Return on Equity (%) | ▲ | 16.68% | +6.65 | 10.03% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.40 | 3.15% |
| Efficiency Ratio (%) | ▲ | 53.00% | -12.25 | 65.26% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.67 | $3 |
| Cost of Funds (%) | ▲ | 1.69% | -0.11 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,079 | +75.51 | $1,003 |
| Gross Loans ($M) | ▲ | $794 | +56.77 | $737 |
| Loan Growth YoY (%) | ▲ | 80.39% | +0.43 | 79.95% |
| Total Deposits ($M) | ▲ | $973 | +65.61 | $907 |
| Shareholders Equity ($M) | ▲ | $99 | +8.23 | $91 |
| Tang. Book Value ($M) | ▲ | $98 | +8.36 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +9.88 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 80.39% | +0.43 | 79.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.01 | 0.10% |
| Allowance / Loans (%) | — | 1.51% | -0.10% | 1.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.01 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.34% | +0.23 | 13.11% |
Noninterest income ($2.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 2.93% | 2.97% | 3.01% | 3.15% | 3.26% | 3.35% | 3.42% | 3.54% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.76% | 0.78% | 0.81% | 0.91% | 0.99% | 1.05% | 1.07% | 1.52% |
| ███▆▅▅▅▁ | Efficiency Ratio (%) | 70.7% | 69.6% | 68.6% | 65.3% | 63.5% | 62.4% | 62.4% | 53.0% |
| ▇██▃▃▄▃▁ | Cost of Funds (%) | 1.93% | 2.00% | 1.98% | 1.80% | 1.79% | 1.82% | 1.79% | 1.69% |
| ▄▆▂▅▂▁█▆ | NPA / Assets (%) | 0.09% | 0.10% | 0.08% | 0.10% | 0.07% | 0.07% | 0.13% | 0.11% |
| ▅▇▃▆▁▁█▇ | Net Charge-Off Ratio (%) | 0.13% | 0.15% | 0.11% | 0.14% | 0.09% | 0.08% | 0.17% | 0.15% |
| ▁▁▁▃▄▆▆█ | Tang. Book Value ($M) | $86 | $87 | $88 | $90 | $92 | $94 | $94 | $98 |
| ▁▁▃▄▆▆▇█ | Gross Loans ($M) | $691 | $698 | $722 | $737 | $763 | $767 | $778 | $794 |
| ▁▂▂▄▅▆▇█ | Total Deposits ($M) | $859 | $880 | $882 | $907 | $929 | $941 | $956 | $973 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |