Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.09 | 0.92% |
| Return on Equity (%) | ▲ | 10.21% | +1.04 | 9.17% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.34 | 3.59% |
| Efficiency Ratio (%) | ▲ | 66.15% | -2.67 | 68.82% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.49% | -0.17 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,020 | +22.37 | $998 |
| Gross Loans ($M) | ▲ | $772 | +111.63 | $660 |
| Loan Growth YoY (%) | ▲ | 83.47% | +10.50 | 72.98% |
| Total Deposits ($M) | ▲ | $914 | +20.59 | $893 |
| Shareholders Equity ($M) | ▲ | $101 | +2.24 | $99 |
| Tang. Book Value ($M) | ▲ | $101 | +2.24 | $99 |
| TBV excl. AOCI ($M)** | ▼ | $109 | -0.14 | $109 |
| Loan / Deposit Ratio (%) | ▲ | 83.47% | +10.50 | 72.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.03 | 0.08% |
| Allowance / Loans (%) | — | 1.22% | -0.10% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.09 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.71% | -1.47 | 13.18% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▇█ | Net Interest Margin (%) | 3.55% | 3.55% | 3.58% | 3.59% | 3.69% | 3.79% | 3.84% | 3.94% |
| ▂▄▇▁▅▇█▄ | Return on Assets (%) | 0.96% | 1.02% | 1.10% | 0.92% | 1.06% | 1.12% | 1.15% | 1.01% |
| ▃▂▁█▃▁▁▅ | Efficiency Ratio (%) | 65.1% | 64.0% | 63.2% | 68.8% | 64.9% | 63.1% | 63.1% | 66.1% |
| ▇█▇▃▃▄▂▁ | Cost of Funds (%) | 1.96% | 2.04% | 1.94% | 1.66% | 1.69% | 1.73% | 1.60% | 1.49% |
| ██▄▆▅▄▁▂ | NPA / Assets (%) | 0.09% | 0.09% | 0.07% | 0.08% | 0.07% | 0.07% | 0.04% | 0.05% |
| ██▅▇▅▅▂▁ | Net Charge-Off Ratio (%) | 0.15% | 0.14% | 0.10% | 0.12% | 0.10% | 0.09% | 0.06% | 0.03% |
| ▁▄▅▆▆██▇ | Tang. Book Value ($M) | $92 | $96 | $98 | $99 | $100 | $103 | $101 | $101 |
| ▁▁▁▂▃▅▇█ | Gross Loans ($M) | $643 | $653 | $651 | $660 | $687 | $718 | $751 | $772 |
| ▃▅▁▄▄▅█▇ | Total Deposits ($M) | $886 | $899 | $872 | $893 | $892 | $905 | $925 | $914 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |