Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.09 | 1.11% |
| Return on Equity (%) | ▼ | 10.08% | -1.20 | 11.28% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.14 | 3.69% |
| Efficiency Ratio (%) | ▲ | 61.77% | -2.57 | 64.34% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.95 | $6 |
| Cost of Funds (%) | ▼ | 1.79% | +0.06 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,663 | +163.98 | $1,499 |
| Gross Loans ($M) | ▲ | $1,203 | +170.78 | $1,032 |
| Loan Growth YoY (%) | ▲ | 83.26% | +3.98 | 79.29% |
| Total Deposits ($M) | ▲ | $1,429 | +140.28 | $1,289 |
| Shareholders Equity ($M) | ▲ | $163 | +14.37 | $149 |
| Tang. Book Value ($M) | ▲ | $156 | +14.40 | $141 |
| TBV excl. AOCI ($M)** | ▲ | $168 | +13.96 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 83.26% | +3.98 | 79.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.19% | +0.86 | 0.33% |
| Allowance / Loans (%) | — | 1.05% | 0.09% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +1.17 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▇▇█▆ | Net Interest Margin (%) | 3.57% | 3.60% | 3.62% | 3.69% | 3.89% | 3.92% | 3.97% | 3.82% |
| ▂▂▁██▆▆▆ | Return on Assets (%) | 0.84% | 0.84% | 0.79% | 1.11% | 1.15% | 1.05% | 1.03% | 1.02% |
| █▇█▃▂▂▁▁ | Efficiency Ratio (%) | 71.8% | 71.2% | 73.0% | 64.3% | 62.7% | 62.8% | 61.2% | 61.8% |
| █▅▆▂▁▃▇▅ | Cost of Funds (%) | 1.88% | 1.80% | 1.82% | 1.73% | 1.70% | 1.75% | 1.84% | 1.79% |
| ▁▁▁▁▁▁▇█ | NPA / Assets (%) | 0.37% | 0.31% | 0.33% | 0.33% | 0.32% | 0.30% | 1.06% | 1.19% |
| ▁▁▁▁▁▁▇█ | Net Charge-Off Ratio (%) | 0.50% | 0.44% | 0.46% | 0.48% | 0.44% | 0.42% | 1.40% | 1.64% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $132 | $139 | $137 | $141 | $146 | $150 | $155 | $156 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $1,029 | $1,037 | $1,049 | $1,032 | $1,089 | $1,118 | $1,183 | $1,203 |
| ▁▃▄▄▄▅▅█ | Total Deposits ($M) | $1,184 | $1,267 | $1,278 | $1,289 | $1,281 | $1,337 | $1,334 | $1,429 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 9% |
| Consumer | 6% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 13% |