Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.53 | 0.18% |
| Return on Equity (%) | ▲ | 6.39% | +4.64 | 1.75% |
| Net Interest Margin (%) | ▲ | 2.68% | +0.48 | 2.20% |
| Efficiency Ratio (%) | ▲ | 67.41% | -23.83 | 91.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.17 | $0 |
| Cost of Funds (%) | ▲ | 1.83% | -0.06 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $605 | +24.41 | $581 |
| Gross Loans ($M) | ▲ | $354 | +21.62 | $332 |
| Loan Growth YoY (%) | ▲ | 67.42% | +1.80 | 65.62% |
| Total Deposits ($M) | ▲ | $520 | +18.58 | $501 |
| Shareholders Equity ($M) | ▲ | $67 | +6.39 | $61 |
| Tang. Book Value ($M) | ▲ | $60 | +6.25 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +6.41 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 67.42% | +1.80 | 65.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.05 | 0.27% |
| Allowance / Loans (%) | — | 1.00% | -0.04% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.09 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.96% | -0.47 | 19.43% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.89% | 1.92% | 1.97% | 2.20% | 2.29% | 2.40% | 2.48% | 2.68% |
| ▁▁▁▂▁▂▄█ | Return on Assets (%) | 0.10% | 0.13% | 0.13% | 0.18% | 0.06% | 0.18% | 0.31% | 0.71% |
| ███▇▆▆▄▁ | Efficiency Ratio (%) | 95.0% | 93.0% | 93.3% | 91.2% | 87.4% | 85.1% | 81.2% | 67.4% |
| █▇▅▂▃▄▃▁ | Cost of Funds (%) | 2.17% | 2.09% | 2.01% | 1.89% | 1.92% | 1.99% | 1.92% | 1.83% |
| ▁▂█▂▂▄▃▁ | NPA / Assets (%) | 0.22% | 0.25% | 0.45% | 0.27% | 0.28% | 0.33% | 0.29% | 0.22% |
| ▁▂█▂▃▄▃▁ | Net Charge-Off Ratio (%) | 0.38% | 0.45% | 0.76% | 0.47% | 0.48% | 0.56% | 0.49% | 0.38% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $50 | $55 | $52 | $54 | $54 | $58 | $59 | $60 |
| ▄▃▁▁▁▅▅█ | Gross Loans ($M) | $340 | $337 | $331 | $332 | $330 | $343 | $344 | $354 |
| ▁▇▁▃▅▂▄█ | Total Deposits ($M) | $493 | $516 | $490 | $501 | $505 | $496 | $502 | $520 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 7% |