Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.45% | +0.38 | 2.07% |
| Return on Equity (%) | ▲ | 38.53% | +1.15 | 37.38% |
| Net Interest Margin (%) | ▲ | 4.88% | +0.35 | 4.53% |
| Efficiency Ratio (%) | ▲ | 48.00% | -4.28 | 52.28% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.03 | $4 |
| Cost of Funds (%) | ▼ | 1.25% | +0.04 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $698 | +36.39 | $661 |
| Gross Loans ($M) | ▲ | $488 | +72.46 | $416 |
| Loan Growth YoY (%) | ▲ | 74.35% | +8.28 | 66.07% |
| Total Deposits ($M) | ▲ | $644 | +26.84 | $618 |
| Shareholders Equity ($M) | ▲ | $44 | +7.04 | $37 |
| Tang. Book Value ($M) | ▲ | $44 | +7.04 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +7.11 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 74.35% | +8.28 | 66.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.13 | 0.16% |
| Allowance / Loans (%) | — | 1.89% | -0.00% | 1.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.08 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.50% | -0.48 | 10.98% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▄▅▅█ | Net Interest Margin (%) | 4.59% | 4.59% | 4.61% | 4.53% | 4.67% | 4.71% | 4.74% | 4.88% |
| ▄▄▃▁▅▅▄█ | Return on Assets (%) | 2.25% | 2.23% | 2.18% | 2.07% | 2.29% | 2.30% | 2.24% | 2.45% |
| ▅▅▂█▁▁▁▁ | Efficiency Ratio (%) | 50.2% | 50.4% | 48.8% | 52.3% | 48.2% | 48.4% | 48.3% | 48.0% |
| ▂▁▅▁▆█▆▃ | Cost of Funds (%) | 1.23% | 1.22% | 1.30% | 1.21% | 1.32% | 1.36% | 1.32% | 1.25% |
| ▂▁▃▂▃▇██ | NPA / Assets (%) | 0.16% | 0.14% | 0.18% | 0.16% | 0.20% | 0.27% | 0.30% | 0.30% |
| ▄▂▅▄▄█▁▁ | Net Charge-Off Ratio (%) | 0.26% | 0.23% | 0.28% | 0.26% | 0.28% | 0.39% | 0.19% | 0.17% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $32 | $37 | $35 | $37 | $38 | $41 | $43 | $44 |
| ▁▁▃▃▆▆▇█ | Gross Loans ($M) | $374 | $385 | $403 | $416 | $446 | $453 | $465 | $488 |
| ▁▂▃▆▅▆▇█ | Total Deposits ($M) | $559 | $571 | $590 | $618 | $611 | $622 | $624 | $644 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |