Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.36% | +0.28 | 2.08% |
| Return on Equity (%) | ▲ | 15.39% | +0.42 | 14.97% |
| Net Interest Margin (%) | ▼ | 2.50% | -0.00 | 2.50% |
| Efficiency Ratio (%) | ▲ | 63.74% | -4.30 | 68.03% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.13 | $5 |
| Cost of Funds (%) | ▲ | 2.15% | -0.47 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $792 | +60.19 | $732 |
| Gross Loans ($M) | ▲ | $288 | +20.74 | $267 |
| Loan Growth YoY (%) | ▲ | 42.80% | +0.33 | 42.47% |
| Total Deposits ($M) | ▲ | $667 | +44.15 | $623 |
| Shareholders Equity ($M) | ▲ | $119 | +15.99 | $103 |
| Tang. Book Value ($M) | ▲ | $108 | +16.58 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +17.03 | $104 |
| Loan / Deposit Ratio (%) | ▲ | 42.80% | +0.33 | 42.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 0.95% | -0.16% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.69% | +3.84 | 17.85% |
Noninterest income ($12.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂█▇▆▆█ | Net Interest Margin (%) | 2.36% | 2.39% | 2.39% | 2.50% | 2.47% | 2.45% | 2.46% | 2.50% |
| ▁▄▆▁▄▅▃█ | Return on Assets (%) | 2.06% | 2.19% | 2.28% | 2.08% | 2.20% | 2.21% | 2.14% | 2.36% |
| ▃▂▁█▅▃▅▁ | Efficiency Ratio (%) | 64.7% | 64.5% | 63.5% | 68.0% | 66.0% | 65.2% | 65.8% | 63.7% |
| ██▄▄▅▇▃▁ | Cost of Funds (%) | 3.13% | 3.14% | 2.53% | 2.63% | 2.67% | 2.95% | 2.48% | 2.15% |
| ▁▃▅▃▄▃█▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% |
| ▁▃▅▄▄▄█▂ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.05% | 0.04% | 0.04% | 0.04% | 0.06% | 0.03% |
| ▁▃▁▂▄▆▇█ | Tang. Book Value ($M) | $89 | $94 | $87 | $91 | $96 | $101 | $104 | $108 |
| ▁▁▄▃▅▄▇█ | Gross Loans ($M) | $259 | $261 | $273 | $267 | $277 | $273 | $284 | $288 |
| ▂▁▅▆▇▅▆█ | Total Deposits ($M) | $551 | $531 | $616 | $623 | $635 | $613 | $617 | $667 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 2% |
| Consumer | 14% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 99% |