Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.51% | +0.18 | 2.32% |
| Return on Equity (%) | ▲ | 21.43% | +0.95 | 20.48% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.12 | 4.32% |
| Efficiency Ratio (%) | ▲ | 48.82% | -2.40 | 51.22% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.80 | $5 |
| Cost of Funds (%) | ▲ | 1.74% | -0.01 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $840 | +63.75 | $776 |
| Gross Loans ($M) | ▲ | $623 | +49.53 | $574 |
| Loan Growth YoY (%) | ▲ | 83.48% | +0.57 | 82.91% |
| Total Deposits ($M) | ▲ | $735 | +54.08 | $681 |
| Shareholders Equity ($M) | ▲ | $101 | +9.53 | $91 |
| Tang. Book Value ($M) | ▲ | $99 | +9.55 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +8.23 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 83.48% | +0.57 | 82.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.10 | 0.06% |
| Allowance / Loans (%) | — | 1.57% | -0.05% | 1.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.12 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.50% | +0.10 | 18.40% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▃▆██▆ | Net Interest Margin (%) | 4.20% | 4.26% | 4.38% | 4.32% | 4.46% | 4.53% | 4.57% | 4.44% |
| ▁▃▄▄▆███ | Return on Assets (%) | 2.21% | 2.29% | 2.33% | 2.32% | 2.42% | 2.49% | 2.50% | 2.51% |
| █▆▇▇▅▃▂▁ | Efficiency Ratio (%) | 51.6% | 50.6% | 50.9% | 51.2% | 50.5% | 49.6% | 49.4% | 48.8% |
| ▄▁█▇▄▃▄▆ | Cost of Funds (%) | 1.71% | 1.65% | 1.77% | 1.75% | 1.70% | 1.69% | 1.71% | 1.74% |
| ▄▃▃▁▃▂▃█ | NPA / Assets (%) | 0.09% | 0.08% | 0.08% | 0.06% | 0.09% | 0.07% | 0.08% | 0.15% |
| ▁▁▁▁▄▃▃█ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.07% | 0.08% | 0.12% | 0.10% | 0.11% | 0.20% |
| ▁▃▂▄▆▇▆█ | Tang. Book Value ($M) | $80 | $85 | $84 | $89 | $92 | $96 | $94 | $99 |
| ▁▁▁▃▄▆██ | Gross Loans ($M) | $554 | $553 | $557 | $574 | $585 | $600 | $616 | $623 |
| ▁▄▄▃▅▇██ | Total Deposits ($M) | $651 | $693 | $698 | $681 | $701 | $724 | $746 | $735 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |