Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.35 | 0.74% |
| Return on Equity (%) | ▲ | 11.03% | +2.98 | 8.05% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.46 | 3.06% |
| Efficiency Ratio (%) | ▲ | 57.60% | -14.82 | 72.43% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.21 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.11 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $555 | +34.57 | $521 |
| Gross Loans ($M) | ▲ | $395 | +20.64 | $374 |
| Loan Growth YoY (%) | ▼ | 79.41% | -1.07 | 80.48% |
| Total Deposits ($M) | ▲ | $493 | +31.81 | $461 |
| Shareholders Equity ($M) | ▲ | $55 | +6.60 | $48 |
| Tang. Book Value ($M) | ▲ | $55 | +6.60 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +7.08 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 79.41% | -1.07 | 80.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.03 | 0.23% |
| Allowance / Loans (%) | — | 0.97% | 0.03% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.04 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +0.34 | 14.75% |
Noninterest income ($1.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▆█ | Net Interest Margin (%) | 2.90% | 2.92% | 2.95% | 3.06% | 3.19% | 3.29% | 3.34% | 3.52% |
| ▁▁▂▃▃▆▆█ | Return on Assets (%) | 0.60% | 0.66% | 0.70% | 0.74% | 0.78% | 0.95% | 0.94% | 1.09% |
| ██▇▇▆▄▄▁ | Efficiency Ratio (%) | 75.3% | 73.9% | 72.5% | 72.4% | 70.4% | 66.0% | 64.8% | 57.6% |
| ██▇▄▃▂▃▁ | Cost of Funds (%) | 1.90% | 1.94% | 1.87% | 1.79% | 1.75% | 1.73% | 1.76% | 1.68% |
| ▅▇█▃▄▂▁▁ | NPA / Assets (%) | 0.26% | 0.29% | 0.31% | 0.23% | 0.25% | 0.23% | 0.21% | 0.20% |
| ▅▇█▃▄▂▁▁ | Net Charge-Off Ratio (%) | 0.37% | 0.41% | 0.43% | 0.32% | 0.34% | 0.30% | 0.28% | 0.28% |
| ▁▃▂▃▃▆▇█ | Tang. Book Value ($M) | $45 | $48 | $47 | $48 | $48 | $52 | $53 | $55 |
| ▁▁▂▃▄▇██ | Gross Loans ($M) | $369 | $366 | $372 | $374 | $380 | $392 | $398 | $395 |
| ▁▂▁▂▂▂▄█ | Total Deposits ($M) | $454 | $460 | $452 | $461 | $462 | $457 | $468 | $493 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |