Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.90% | +0.05 | 3.85% |
| Return on Equity (%) | ▼ | 42.09% | -1.05 | 43.14% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.23 | 3.66% |
| Efficiency Ratio (%) | ▲ | 37.74% | -0.38 | 38.12% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.43 | $7 |
| Cost of Funds (%) | ▲ | 0.80% | -0.23 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $707 | +42.42 | $665 |
| Gross Loans ($M) | ▲ | $393 | +19.53 | $374 |
| Loan Growth YoY (%) | ▼ | 67.20% | -0.13 | 67.32% |
| Total Deposits ($M) | ▲ | $574 | +28.83 | $546 |
| Shareholders Equity ($M) | ▲ | $66 | +2.67 | $64 |
| Tang. Book Value ($M) | ▲ | $66 | +2.10 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +2.22 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 67.20% | -0.13 | 67.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +1.05 | 0.02% |
| Allowance / Loans (%) | — | 1.88% | 0.13% | 1.75% |
| Net Charge-Off Ratio (%) | ▼ | 1.93% | +1.89 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▂▁▄▂▄█ | Net Interest Margin (%) | 3.72% | 3.73% | 3.71% | 3.66% | 3.76% | 3.71% | 3.77% | 3.89% |
| ▁▃▂▇█▆▁█ | Return on Assets (%) | 3.68% | 3.72% | 3.70% | 3.85% | 3.87% | 3.82% | 3.65% | 3.90% |
| █▆▇▂▂▃▃▁ | Efficiency Ratio (%) | 39.9% | 39.2% | 39.5% | 38.1% | 38.2% | 38.4% | 38.3% | 37.7% |
| ██▄▄▄▃▁▁ | Cost of Funds (%) | 1.41% | 1.35% | 1.11% | 1.03% | 1.04% | 0.97% | 0.88% | 0.80% |
| ▁▁▁▁█▇▆▆ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.02% | 1.67% | 1.45% | 1.22% | 1.07% |
| ▁▁▁▁██▆▆ | Net Charge-Off Ratio (%) | 0.07% | 0.05% | 0.05% | 0.04% | 2.87% | 2.63% | 2.01% | 1.93% |
| ▄▇▁▅▆█▂▆ | Tang. Book Value ($M) | $63 | $69 | $56 | $64 | $68 | $72 | $60 | $66 |
| ▂▂▁▄▅██▇ | Gross Loans ($M) | $361 | $360 | $352 | $374 | $380 | $400 | $400 | $393 |
| ▁▃▄▃▂█▇█ | Total Deposits ($M) | $533 | $550 | $556 | $546 | $543 | $579 | $571 | $574 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 80% |