Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.09 | 1.46% |
| Return on Equity (%) | ▼ | 15.58% | -2.01 | 17.59% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.09 | 3.62% |
| Efficiency Ratio (%) | ▼ | 63.74% | +4.42 | 59.33% |
| Pre-Provision Profit ($M) | — | $2 | 0.00 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.37 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $552 | +48.66 | $503 |
| Gross Loans ($M) | ▲ | $256 | +5.95 | $250 |
| Loan Growth YoY (%) | ▼ | 50.44% | -3.66 | 54.09% |
| Total Deposits ($M) | ▲ | $501 | +43.93 | $457 |
| Shareholders Equity ($M) | ▲ | $46 | +3.87 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +3.87 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +5.30 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 50.44% | -3.66 | 54.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Allowance / Loans (%) | — | 1.46% | 0.17% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.26 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.00% | +0.99 | 18.02% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇███ | Net Interest Margin (%) | 3.33% | 3.36% | 3.43% | 3.62% | 3.65% | 3.68% | 3.72% | 3.72% |
| ▁▁▂▆██▇▅ | Return on Assets (%) | 1.11% | 1.10% | 1.19% | 1.46% | 1.62% | 1.57% | 1.53% | 1.37% |
| ██▇▃▁▂▃▆ | Efficiency Ratio (%) | 66.2% | 67.0% | 65.1% | 59.3% | 56.2% | 57.9% | 59.7% | 63.7% |
| ▆█▆▅▃▄▂▁ | Cost of Funds (%) | 1.95% | 2.16% | 1.89% | 1.80% | 1.70% | 1.75% | 1.57% | 1.43% |
| █▁▁▁▁▁▁▅ | NPA / Assets (%) | 0.20% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% |
| ▆▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.17% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% |
| ▁▃▃▃▅▇█▆ | Tang. Book Value ($M) | $39 | $42 | $42 | $42 | $44 | $47 | $48 | $46 |
| ▅██▅▅▁▁█ | Gross Loans ($M) | $250 | $256 | $255 | $250 | $251 | $244 | $243 | $256 |
| ▂▁▄▄▄▂▅█ | Total Deposits ($M) | $441 | $424 | $458 | $457 | $454 | $442 | $465 | $501 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |