Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.78 | 0.37% |
| Return on Equity (%) | ▲ | 8.65% | +5.60 | 3.05% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.54 | 3.23% |
| Efficiency Ratio (%) | ▲ | 78.37% | -14.64 | 93.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.39 | $0 |
| Cost of Funds (%) | ▲ | 1.44% | -0.02 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $499 | +12.49 | $486 |
| Gross Loans ($M) | ▲ | $221 | +27.97 | $193 |
| Loan Growth YoY (%) | ▲ | 51.10% | +5.84 | 45.27% |
| Total Deposits ($M) | ▲ | $428 | +6.19 | $422 |
| Shareholders Equity ($M) | ▲ | $66 | +5.98 | $60 |
| Tang. Book Value ($M) | ▲ | $66 | +5.98 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +4.71 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 51.10% | +5.84 | 45.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.09 | 0.24% |
| Allowance / Loans (%) | — | 1.18% | -0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.10 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 3.06% | 3.08% | 3.13% | 3.23% | 3.38% | 3.44% | 3.46% | 3.76% |
| ▄▄▃▁▃▄▄█ | Return on Assets (%) | 0.75% | 0.70% | 0.62% | 0.37% | 0.62% | 0.76% | 0.70% | 1.15% |
| ▅▅▆█▆▅▄▁ | Efficiency Ratio (%) | 85.7% | 87.3% | 88.1% | 93.0% | 87.7% | 86.4% | 85.4% | 78.4% |
| ▃█▇▂▃▁▂▁ | Cost of Funds (%) | 1.48% | 1.57% | 1.54% | 1.46% | 1.48% | 1.45% | 1.46% | 1.44% |
| ▁▁▃▃▄█▇▆ | NPA / Assets (%) | 0.17% | 0.17% | 0.24% | 0.24% | 0.28% | 0.41% | 0.37% | 0.33% |
| ▁▁▄▂▅█▅▃ | Net Charge-Off Ratio (%) | 0.41% | 0.40% | 0.60% | 0.49% | 0.66% | 0.92% | 0.68% | 0.59% |
| ▁▆▁▃▃▇██ | Tang. Book Value ($M) | $58 | $63 | $57 | $60 | $60 | $65 | $66 | $66 |
| ▁▁▁▁▃▅▆█ | Gross Loans ($M) | $193 | $194 | $192 | $193 | $202 | $210 | $213 | $221 |
| ▅▂▄▆▃▁██ | Total Deposits ($M) | $420 | $412 | $419 | $422 | $415 | $410 | $427 | $428 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |