Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.48 | 0.84% |
| Return on Equity (%) | ▲ | 10.61% | +3.48 | 7.13% |
| Net Interest Margin (%) | ▲ | 2.94% | +0.13 | 2.80% |
| Efficiency Ratio (%) | ▲ | 46.47% | -11.66 | 58.13% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.53 | $2 |
| Cost of Funds (%) | ▲ | 2.56% | -0.11 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $785 | +112.06 | $673 |
| Gross Loans ($M) | ▲ | $464 | +86.75 | $378 |
| Loan Growth YoY (%) | ▲ | 69.92% | +5.95 | 63.97% |
| Total Deposits ($M) | ▲ | $661 | +73.61 | $587 |
| Shareholders Equity ($M) | ▲ | $98 | +18.15 | $80 |
| Tang. Book Value ($M) | ▲ | $98 | +18.15 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +18.68 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 69.92% | +5.95 | 63.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.24% | +1.72 | 0.52% |
| Allowance / Loans (%) | — | 0.50% | -0.02% | 0.52% |
| Net Charge-Off Ratio (%) | ▼ | 3.68% | +2.96 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.68% | -0.66 | 19.35% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▄▄▄▃ | Net Interest Margin (%) | 3.31% | 3.24% | 3.19% | 2.80% | 3.00% | 3.06% | 3.05% | 2.94% |
| ▇▅▇▁▄▄▅█ | Return on Assets (%) | 1.20% | 1.12% | 1.24% | 0.84% | 1.04% | 1.05% | 1.11% | 1.32% |
| ▅▅▃█▅▅▅▁ | Efficiency Ratio (%) | 52.4% | 53.0% | 50.4% | 58.1% | 52.4% | 53.1% | 52.3% | 46.5% |
| ▁█▅▄▂▂▅▁ | Cost of Funds (%) | 2.55% | 2.86% | 2.72% | 2.67% | 2.61% | 2.62% | 2.71% | 2.56% |
| ▁▁▂▁▅▅█▇ | NPA / Assets (%) | 0.28% | 0.25% | 0.78% | 0.52% | 1.72% | 1.47% | 2.69% | 2.24% |
| ▁▁▂▁▅▅█▇ | Net Charge-Off Ratio (%) | 0.40% | 0.37% | 1.22% | 0.72% | 2.96% | 2.54% | 4.54% | 3.68% |
| ▁▂▁▂▃▇██ | Tang. Book Value ($M) | $74 | $79 | $77 | $80 | $81 | $94 | $96 | $98 |
| ▁▁▃▂▃▄▇█ | Gross Loans ($M) | $350 | $356 | $384 | $378 | $389 | $407 | $450 | $464 |
| ▁▃▄▅▇███ | Total Deposits ($M) | $463 | $520 | $545 | $587 | $629 | $658 | $675 | $661 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 38% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 35% |
| Brokered / Other | 57% |