Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.51 | 0.48% |
| Return on Equity (%) | ▲ | 10.78% | +4.59 | 6.19% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.70 | 3.13% |
| Efficiency Ratio (%) | ▲ | 70.40% | -11.06 | 81.46% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.26 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.44 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,438 | -32.44 | $1,470 |
| Gross Loans ($M) | ▲ | $1,081 | +39.94 | $1,041 |
| Loan Growth YoY (%) | ▲ | 85.99% | +5.68 | 80.31% |
| Total Deposits ($M) | ▼ | $1,245 | -39.16 | $1,284 |
| Shareholders Equity ($M) | ▲ | $133 | +16.94 | $116 |
| Tang. Book Value ($M) | ▲ | $127 | +17.19 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $140 | +14.57 | $125 |
| Loan / Deposit Ratio (%) | ▲ | 85.99% | +5.68 | 80.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.03 | 0.00% |
| Allowance / Loans (%) | — | 0.96% | 0.03% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.05 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.67 | 12.38% |
Noninterest income ($3.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.57% | 2.60% | 2.68% | 3.13% | 3.28% | 3.39% | 3.49% | 3.84% |
| ▁▁▁▂▅▅▇█ | Return on Assets (%) | 0.33% | 0.32% | 0.38% | 0.48% | 0.71% | 0.72% | 0.82% | 0.98% |
| ██▇▆▃▃▂▁ | Efficiency Ratio (%) | 84.6% | 85.2% | 83.4% | 81.5% | 74.3% | 74.8% | 72.7% | 70.4% |
| ██▇▄▃▃▁▁ | Cost of Funds (%) | 2.41% | 2.40% | 2.23% | 1.91% | 1.71% | 1.78% | 1.59% | 1.47% |
| ▁▃▁▁▁█▄▂ | NPA / Assets (%) | 0.02% | 0.06% | 0.02% | 0.00% | 0.00% | 0.22% | 0.10% | 0.04% |
| ▁▃▁▁▁█▄▂ | Net Charge-Off Ratio (%) | 0.04% | 0.09% | 0.04% | 0.00% | 0.00% | 0.30% | 0.13% | 0.05% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $101 | $107 | $105 | $110 | $114 | $119 | $124 | $127 |
| ▁▁▁▂▇▆▆█ | Gross Loans ($M) | $1,033 | $1,035 | $1,033 | $1,041 | $1,074 | $1,067 | $1,066 | $1,081 |
| ▆█▆▇▇▄▁▂ | Total Deposits ($M) | $1,276 | $1,297 | $1,274 | $1,284 | $1,287 | $1,260 | $1,233 | $1,245 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |