Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.12 | 0.80% |
| Return on Equity (%) | ▲ | 10.26% | +0.61 | 9.65% |
| Net Interest Margin (%) | ▲ | 2.69% | +0.18 | 2.51% |
| Efficiency Ratio (%) | ▲ | 68.40% | -2.46 | 70.86% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.41 | $3 |
| Cost of Funds (%) | ▲ | 1.46% | -0.12 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,495 | -35.39 | $1,530 |
| Gross Loans ($M) | ▲ | $503 | +0.30 | $502 |
| Loan Growth YoY (%) | ▲ | 42.45% | +1.31 | 41.14% |
| Total Deposits ($M) | ▼ | $1,167 | -36.92 | $1,204 |
| Shareholders Equity ($M) | ▲ | $134 | +7.36 | $126 |
| Tang. Book Value ($M) | ▲ | $121 | +7.48 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $160 | +8.03 | $152 |
| Loan / Deposit Ratio (%) | ▲ | 42.45% | +1.31 | 41.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.03% | 0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.47% | 0.04% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.00 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.52% | -0.36 | 23.87% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇███ | Net Interest Margin (%) | 2.33% | 2.36% | 2.39% | 2.51% | 2.62% | 2.68% | 2.70% | 2.69% |
| ▁▂▁▂▆██▇ | Return on Assets (%) | 0.76% | 0.79% | 0.78% | 0.80% | 0.90% | 0.94% | 0.96% | 0.92% |
| ▄▄▆█▃▁▁▂ | Efficiency Ratio (%) | 69.1% | 69.3% | 70.1% | 70.9% | 69.0% | 68.3% | 68.0% | 68.4% |
| ██▆▅▄▄▂▁ | Cost of Funds (%) | 1.66% | 1.69% | 1.61% | 1.58% | 1.56% | 1.56% | 1.50% | 1.46% |
| ▁▁▂▄█▇▆▄ | NPA / Assets (%) | 0.01% | 0.02% | 0.02% | 0.03% | 0.05% | 0.05% | 0.04% | 0.03% |
| ▁▁▂▄█▇▆▄ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.06% | 0.10% | 0.16% | 0.13% | 0.12% | 0.09% |
| ▁▅▃▃▂█▇█ | Tang. Book Value ($M) | $109 | $116 | $113 | $114 | $111 | $121 | $118 | $121 |
| ▁▃▄▅██▆▅ | Gross Loans ($M) | $488 | $495 | $500 | $502 | $512 | $510 | $506 | $503 |
| █▆██▅▁▂▃ | Total Deposits ($M) | $1,204 | $1,190 | $1,211 | $1,204 | $1,185 | $1,151 | $1,164 | $1,167 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |