Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.13 | 1.51% |
| Return on Equity (%) | ▲ | 7.30% | +0.74 | 6.56% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.12 | 3.94% |
| Efficiency Ratio (%) | ▲ | 54.86% | -1.90 | 56.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▼ | 1.92% | +0.11 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $397 | +30.00 | $367 |
| Gross Loans ($M) | ▲ | $274 | +37.56 | $236 |
| Loan Growth YoY (%) | ▲ | 104.37% | +9.17 | 95.21% |
| Total Deposits ($M) | ▲ | $260 | +13.95 | $246 |
| Shareholders Equity ($M) | ▲ | $91 | +6.59 | $84 |
| Tang. Book Value ($M) | ▲ | $91 | +6.59 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +6.16 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 104.37% | +9.17 | 95.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.51 | 0.29% |
| Allowance / Loans (%) | — | 1.05% | 0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.16% | +0.70 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.87% | -2.22 | 34.09% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▆▆▆▆█ | Net Interest Margin (%) | 3.71% | 3.81% | 3.82% | 3.94% | 3.94% | 3.95% | 3.93% | 4.06% |
| ▁▁▃▄▆▆▂█ | Return on Assets (%) | 1.40% | 1.40% | 1.47% | 1.51% | 1.57% | 1.57% | 1.44% | 1.64% |
| █▃▁█▁▂▅▁ | Efficiency Ratio (%) | 56.8% | 55.4% | 54.8% | 56.8% | 54.6% | 55.1% | 55.9% | 54.9% |
| ▇▃▆▁▇▇▂█ | Cost of Funds (%) | 1.90% | 1.85% | 1.88% | 1.82% | 1.90% | 1.91% | 1.84% | 1.92% |
| ▇▁▁▂██▂█ | NPA / Assets (%) | 0.68% | 0.16% | 0.16% | 0.29% | 0.82% | 0.84% | 0.30% | 0.80% |
| ▃▁▁▂██▂█ | Net Charge-Off Ratio (%) | 0.57% | 0.25% | 0.25% | 0.45% | 1.27% | 1.26% | 0.44% | 1.16% |
| ▁▂▃▃▄▆▇█ | Tang. Book Value ($M) | $81 | $84 | $84 | $84 | $85 | $88 | $89 | $91 |
| ▁▁▁▃▃▅██ | Gross Loans ($M) | $222 | $225 | $228 | $236 | $242 | $251 | $277 | $274 |
| ▁▃▁▃▂▃▅█ | Total Deposits ($M) | $240 | $245 | $241 | $246 | $242 | $246 | $252 | $260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 19% |