Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.61 | 1.08% |
| Return on Equity (%) | ▲ | 17.19% | +6.51 | 10.68% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.25 | 3.19% |
| Efficiency Ratio (%) | ▲ | 45.93% | -13.12 | 59.05% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.27 | $3 |
| Cost of Funds (%) | ▼ | 1.53% | +0.03 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $958 | +86.30 | $872 |
| Gross Loans ($M) | ▲ | $706 | +7.05 | $699 |
| Loan Growth YoY (%) | ▲ | 99.01% | +0.48 | 98.52% |
| Total Deposits ($M) | ▲ | $708 | +3.53 | $705 |
| Shareholders Equity ($M) | ▲ | $95 | +6.44 | $88 |
| Tang. Book Value ($M) | ▲ | $95 | +6.44 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +10.28 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 99.01% | +0.48 | 98.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.02 | 0.13% |
| Allowance / Loans (%) | — | 0.70% | 0.01% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.02 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.01% | +0.69 | 14.32% |
Noninterest income ($1.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.13% | 3.10% | 3.09% | 3.19% | 3.27% | 3.32% | 3.35% | 3.44% |
| ▁▁▁▁▂▂▃█ | Return on Assets (%) | 1.09% | 1.07% | 1.06% | 1.08% | 1.15% | 1.21% | 1.22% | 1.69% |
| ████▇▆▆▁ | Efficiency Ratio (%) | 57.8% | 58.1% | 57.7% | 59.0% | 56.4% | 54.9% | 54.4% | 45.9% |
| ▂██▁▁▅▅▃ | Cost of Funds (%) | 1.51% | 1.70% | 1.68% | 1.50% | 1.47% | 1.59% | 1.62% | 1.53% |
| █▆▇▄▂▁▅▂ | NPA / Assets (%) | 0.19% | 0.16% | 0.17% | 0.13% | 0.11% | 0.09% | 0.14% | 0.11% |
| █▆▇▄▂▁▅▂ | Net Charge-Off Ratio (%) | 0.24% | 0.20% | 0.21% | 0.16% | 0.14% | 0.11% | 0.19% | 0.14% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $86 | $87 | $88 | $88 | $89 | $91 | $92 | $95 |
| ▁▃▄▆██▇▇ | Gross Loans ($M) | $674 | $684 | $690 | $699 | $709 | $714 | $708 | $706 |
| ▁▁▆█▆▃▄█ | Total Deposits ($M) | $665 | $669 | $695 | $705 | $697 | $677 | $687 | $708 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |