Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.13 | 1.82% |
| Return on Equity (%) | ▲ | 23.72% | +3.76 | 19.96% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.22 | 2.91% |
| Efficiency Ratio (%) | ▲ | 49.77% | -1.28 | 51.05% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.75 | $7 |
| Cost of Funds (%) | ▼ | 2.46% | +0.15 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,371 | +178.73 | $1,192 |
| Gross Loans ($M) | ▲ | $808 | +106.02 | $702 |
| Loan Growth YoY (%) | ▼ | 67.50% | -0.07 | 67.57% |
| Total Deposits ($M) | ▲ | $1,186 | +157.18 | $1,029 |
| Shareholders Equity ($M) | ▲ | $116 | +15.44 | $101 |
| Tang. Book Value ($M) | ▲ | $116 | +15.44 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +19.40 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 67.50% | -0.07 | 67.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.91% | -0.04% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.69% | -0.13 | 13.83% |
Noninterest income ($6.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▃▄█ | Net Interest Margin (%) | 2.82% | 2.83% | 2.90% | 2.91% | 2.94% | 2.94% | 2.94% | 3.13% |
| ▅▅▇▃▃▃▁█ | Return on Assets (%) | 1.87% | 1.86% | 1.91% | 1.82% | 1.82% | 1.82% | 1.76% | 1.95% |
| ██▅▆█▆▄▁ | Efficiency Ratio (%) | 51.7% | 51.8% | 50.9% | 51.1% | 51.7% | 51.2% | 50.5% | 49.8% |
| ▇█▆▁▄▅▃▂ | Cost of Funds (%) | 2.96% | 3.09% | 2.82% | 2.30% | 2.65% | 2.78% | 2.56% | 2.46% |
| ▁▁▂▁▁█▇█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁▁█▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% | 0.01% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $94 | $99 | $98 | $101 | $103 | $108 | $113 | $116 |
| ▁▁▂▃▃▄██ | Gross Loans ($M) | $648 | $665 | $670 | $702 | $692 | $721 | $814 | $808 |
| ▁▁▁▄▅▇█▇ | Total Deposits ($M) | $850 | $897 | $867 | $1,029 | $1,050 | $1,159 | $1,242 | $1,186 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 38% |