Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.31% | +0.83 | 2.48% |
| Return on Equity (%) | ▲ | 23.64% | +1.56 | 22.08% |
| Net Interest Margin (%) | ▲ | 5.33% | +0.54 | 4.79% |
| Efficiency Ratio (%) | ▲ | 38.57% | -3.49 | 42.06% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.90 | $6 |
| Cost of Funds (%) | ▼ | 1.07% | +0.03 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $685 | +27.95 | $657 |
| Gross Loans ($M) | ▲ | $506 | +38.75 | $467 |
| Loan Growth YoY (%) | ▲ | 88.27% | +1.89 | 86.37% |
| Total Deposits ($M) | ▲ | $568 | +32.12 | $536 |
| Shareholders Equity ($M) | ▲ | $97 | +23.57 | $73 |
| Tang. Book Value ($M) | ▲ | $97 | +23.57 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +22.70 | $78 |
| Loan / Deposit Ratio (%) | ▲ | 88.27% | +1.89 | 86.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 0.88% | -0.02% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.94% | +2.79 | 16.16% |
Noninterest income ($3.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆███ | Net Interest Margin (%) | 4.38% | 4.49% | 4.59% | 4.79% | 5.01% | 5.25% | 5.35% | 5.33% |
| ▁▁▂▄▆▇██ | Return on Assets (%) | 1.71% | 1.84% | 2.07% | 2.48% | 2.94% | 3.24% | 3.50% | 3.31% |
| █▇▆▄▂▁▁▂ | Efficiency Ratio (%) | 52.0% | 49.9% | 47.9% | 42.1% | 39.5% | 37.0% | 35.8% | 38.6% |
| ▁▁▃▃█▂▃▅ | Cost of Funds (%) | 1.01% | 1.01% | 1.04% | 1.04% | 1.12% | 1.03% | 1.04% | 1.07% |
| ▂█▃▁█▆▇▆ | NPA / Assets (%) | 0.03% | 0.06% | 0.03% | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% |
| ▂█▃▁█▆▆▆ | Net Charge-Off Ratio (%) | 0.04% | 0.08% | 0.04% | 0.03% | 0.07% | 0.06% | 0.07% | 0.06% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $62 | $67 | $68 | $73 | $78 | $86 | $92 | $97 |
| ▁▁▂▅▅▇▇█ | Gross Loans ($M) | $425 | $427 | $443 | $467 | $469 | $489 | $488 | $506 |
| ▁▁▁▄▄▆▆█ | Total Deposits ($M) | $516 | $520 | $518 | $536 | $538 | $553 | $553 | $568 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 8% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |