Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.20 | 0.52% |
| Return on Equity (%) | ▲ | 5.89% | +1.66 | 4.23% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.14 | 3.36% |
| Efficiency Ratio (%) | ▲ | 73.97% | -7.08 | 81.05% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 1.74% | -0.06 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $534 | +30.47 | $504 |
| Gross Loans ($M) | ▲ | $333 | +43.30 | $289 |
| Loan Growth YoY (%) | ▲ | 72.90% | +7.75 | 65.15% |
| Total Deposits ($M) | ▲ | $452 | +12.42 | $440 |
| Shareholders Equity ($M) | ▲ | $65 | +3.26 | $62 |
| Tang. Book Value ($M) | ▲ | $65 | +3.40 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +3.72 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 72.90% | +7.75 | 65.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.70 | 0.09% |
| Allowance / Loans (%) | — | 0.91% | -0.07% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +1.11 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▁▁▁▅ | Net Interest Margin (%) | 3.64% | 3.66% | 3.60% | 3.36% | 3.33% | 3.33% | 3.34% | 3.50% |
| ▆██▆▇▇▁█ | Return on Assets (%) | 0.53% | 0.66% | 0.64% | 0.52% | 0.53% | 0.55% | -0.05% | 0.72% |
| ▃▁▄█▇▆▆▁ | Efficiency Ratio (%) | 75.8% | 73.0% | 76.5% | 81.1% | 79.4% | 78.4% | 78.8% | 74.0% |
| ▁▂▆▄██▅▃ | Cost of Funds (%) | 1.67% | 1.72% | 1.86% | 1.80% | 1.92% | 1.93% | 1.82% | 1.74% |
| ▁▁▁▁▁██▆ | NPA / Assets (%) | 0.09% | 0.08% | 0.09% | 0.09% | 0.18% | 1.15% | 1.08% | 0.79% |
| ▁▁▁▁▁██▆ | Net Charge-Off Ratio (%) | 0.15% | 0.13% | 0.15% | 0.16% | 0.29% | 1.83% | 1.75% | 1.27% |
| ▁▄▄▅▅███ | Tang. Book Value ($M) | $57 | $61 | $60 | $61 | $62 | $64 | $64 | $65 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $266 | $276 | $284 | $289 | $305 | $315 | $324 | $333 |
| ▁▂▃▆▅▂▇█ | Total Deposits ($M) | $410 | $420 | $421 | $440 | $432 | $420 | $442 | $452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 5% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |