Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.39 | 1.21% |
| Return on Equity (%) | ▲ | 18.16% | +2.96 | 15.20% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.66 | 3.32% |
| Efficiency Ratio (%) | ▲ | 67.74% | -1.18 | 68.92% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.71% | -0.20 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $684 | -5.73 | $690 |
| Gross Loans ($M) | ▲ | $511 | +22.34 | $489 |
| Loan Growth YoY (%) | ▲ | 84.50% | +1.80 | 82.70% |
| Total Deposits ($M) | ▲ | $596 | +13.52 | $582 |
| Shareholders Equity ($M) | ▲ | $61 | +4.59 | $56 |
| Tang. Book Value ($M) | ▲ | $59 | +4.64 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +3.89 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 84.50% | +1.80 | 82.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.11 | 0.76% |
| Allowance / Loans (%) | — | 1.43% | 0.02% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -0.01 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▅█ | Net Interest Margin (%) | 3.31% | 3.30% | 3.31% | 3.32% | 3.45% | 3.61% | 3.68% | 3.98% |
| █▄▁▂▄▆▂▇ | Return on Assets (%) | 1.70% | 1.37% | 1.10% | 1.21% | 1.37% | 1.49% | 1.22% | 1.60% |
| ▆▇██▆▃▁▆ | Efficiency Ratio (%) | 67.8% | 68.4% | 68.6% | 68.9% | 67.8% | 66.6% | 65.2% | 67.7% |
| ██▇▅▃▂▁▁ | Cost of Funds (%) | 2.08% | 2.08% | 2.01% | 1.91% | 1.85% | 1.79% | 1.75% | 1.71% |
| ▄█▇▇▇▁▁█ | NPA / Assets (%) | 0.56% | 0.81% | 0.79% | 0.76% | 0.76% | 0.39% | 0.36% | 0.87% |
| ▅███▄▁▁▇ | Net Charge-Off Ratio (%) | 0.78% | 1.17% | 1.12% | 1.07% | 0.68% | 0.43% | 0.39% | 1.07% |
| ▁▄▃▅▇███ | Tang. Book Value ($M) | $48 | $53 | $51 | $54 | $56 | $59 | $59 | $59 |
| ▁▁▁▃▅▆█▇ | Gross Loans ($M) | $474 | $476 | $478 | $489 | $501 | $505 | $518 | $511 |
| ▁▁▃▄▇█▇█ | Total Deposits ($M) | $569 | $570 | $576 | $582 | $593 | $595 | $590 | $596 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 11% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 5% |