Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.48 | 0.42% |
| Return on Equity (%) | ▲ | 10.72% | +5.22 | 5.50% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.35 | 3.18% |
| Efficiency Ratio (%) | ▲ | 73.40% | -10.60 | 84.00% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.82 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.05 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $579 | +18.47 | $560 |
| Gross Loans ($M) | ▲ | $439 | +26.82 | $412 |
| Loan Growth YoY (%) | ▲ | 84.95% | +0.65 | 84.30% |
| Total Deposits ($M) | ▲ | $512 | +27.69 | $484 |
| Shareholders Equity ($M) | ▲ | $50 | +6.47 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +6.60 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +6.58 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 84.95% | +0.65 | 84.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.20 | 0.56% |
| Allowance / Loans (%) | — | 0.95% | -0.02% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.29 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.74 | 13.74% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 3.04% | 3.06% | 3.07% | 3.18% | 3.25% | 3.32% | 3.33% | 3.53% |
| ▁▂▁▁▃▄▅█ | Return on Assets (%) | 0.47% | 0.50% | 0.48% | 0.42% | 0.59% | 0.65% | 0.69% | 0.90% |
| ████▅▄▃▁ | Efficiency Ratio (%) | 84.5% | 83.3% | 83.5% | 84.0% | 79.6% | 77.7% | 76.6% | 73.4% |
| ▂▃█▄▅█▅▁ | Cost of Funds (%) | 1.42% | 1.45% | 1.53% | 1.46% | 1.47% | 1.51% | 1.47% | 1.41% |
| ▁▄▅█▄▃▂▂ | NPA / Assets (%) | 0.31% | 0.44% | 0.45% | 0.56% | 0.43% | 0.38% | 0.37% | 0.36% |
| ▁▄▅█▄▁▃▂ | Net Charge-Off Ratio (%) | 0.43% | 0.60% | 0.61% | 0.76% | 0.58% | 0.44% | 0.51% | 0.47% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $38 | $41 | $41 | $42 | $44 | $46 | $48 | $49 |
| ▁▂▄▄▅▆▇█ | Gross Loans ($M) | $391 | $399 | $412 | $412 | $417 | $422 | $431 | $439 |
| ▁▁▅▅▃▄██ | Total Deposits ($M) | $452 | $454 | $483 | $484 | $473 | $475 | $510 | $512 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |