Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.58 | 1.70% |
| Return on Equity (%) | ▲ | 16.04% | +1.82 | 14.22% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.49 | 3.47% |
| Efficiency Ratio (%) | ▲ | 60.52% | -6.42 | 66.94% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.72 | $2 |
| Cost of Funds (%) | ▲ | 0.33% | -0.04 | 0.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $469 | +15.16 | $454 |
| Gross Loans ($M) | ▲ | $225 | +16.24 | $209 |
| Loan Growth YoY (%) | ▲ | 55.45% | +3.16 | 52.28% |
| Total Deposits ($M) | ▲ | $400 | +6.34 | $394 |
| Shareholders Equity ($M) | ▲ | $65 | +9.20 | $56 |
| Tang. Book Value ($M) | ▲ | $62 | +9.20 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +7.85 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 55.45% | +3.16 | 52.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.47% | 0.02% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.02 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 36.13% | +3.01 | 33.12% |
Noninterest income ($2.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 2.56% | 2.64% | 2.79% | 3.47% | 3.54% | 3.62% | 3.71% | 3.96% |
| ▁▁▁▄▅▅▆█ | Return on Assets (%) | 1.15% | 1.19% | 1.29% | 1.70% | 1.73% | 1.81% | 1.92% | 2.28% |
| ███▅▅▅▄▁ | Efficiency Ratio (%) | 71.6% | 71.2% | 70.2% | 66.9% | 66.8% | 66.2% | 65.0% | 60.5% |
| ██▅▁▁▁▁▁ | Cost of Funds (%) | 0.78% | 0.75% | 0.57% | 0.37% | 0.37% | 0.34% | 0.36% | 0.33% |
| ▁▁▁▆▆▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.03% | 0.03% | 0.01% | 0.01% | 0.04% |
| ▂▁▁▆▆▁▁█ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.02% | 0.07% | 0.07% | 0.02% | 0.02% | 0.09% |
| ▁▄▃▅▅▇██ | Tang. Book Value ($M) | $44 | $51 | $49 | $53 | $55 | $59 | $61 | $62 |
| ▁▁▂▄▄▅▆█ | Gross Loans ($M) | $200 | $198 | $202 | $209 | $211 | $214 | $218 | $225 |
| █▇▇▇▆▇▁█ | Total Deposits ($M) | $400 | $396 | $395 | $394 | $391 | $394 | $374 | $400 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 1% |