Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.11% | +2.54 | 0.57% |
| Return on Equity (%) | ▲ | 40.68% | +32.40 | 8.28% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.38 | 3.97% |
| Efficiency Ratio (%) | ▲ | 40.36% | -27.55 | 67.91% |
| Pre-Provision Profit ($M) | ▲ | $9 | +6.26 | $2 |
| Cost of Funds (%) | ▲ | 1.37% | -0.17 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $829 | +70.10 | $759 |
| Gross Loans ($M) | ▲ | $638 | +47.31 | $590 |
| Loan Growth YoY (%) | ▲ | 84.57% | +1.62 | 82.96% |
| Total Deposits ($M) | ▲ | $745 | +41.82 | $703 |
| Shareholders Equity ($M) | ▲ | $66 | +12.74 | $53 |
| Tang. Book Value ($M) | ▲ | $66 | +12.74 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +11.99 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 84.57% | +1.62 | 82.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.05 | 0.09% |
| Allowance / Loans (%) | — | 1.20% | 0.00% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.06 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.77% | +0.24 | 11.52% |
Noninterest income ($6.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.47% | 3.52% | 3.59% | 3.97% | 4.02% | 4.11% | 4.17% | 4.35% |
| ▁▁▁▁▁▂▂█ | Return on Assets (%) | 0.57% | 0.56% | 0.61% | 0.57% | 0.79% | 1.01% | 1.05% | 3.11% |
| ███▆▆▅▅▁ | Efficiency Ratio (%) | 77.2% | 76.6% | 76.0% | 67.9% | 65.2% | 62.0% | 61.3% | 40.4% |
| ██▆▃▃▄▁▁ | Cost of Funds (%) | 1.97% | 1.94% | 1.77% | 1.54% | 1.56% | 1.62% | 1.44% | 1.37% |
| ▁▁█▆▄▄▃▃ | NPA / Assets (%) | 0.00% | 0.00% | 0.13% | 0.09% | 0.06% | 0.06% | 0.04% | 0.04% |
| ▁▁█▅▄▄▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.18% | 0.11% | 0.08% | 0.08% | 0.06% | 0.06% |
| ▁▁▂▂▃▄▅█ | Tang. Book Value ($M) | $49 | $50 | $52 | $53 | $56 | $58 | $60 | $66 |
| ▁▂▁▄▆▆▇█ | Gross Loans ($M) | $561 | $579 | $560 | $590 | $611 | $612 | $628 | $638 |
| ▅█▆▅▁▃▄█ | Total Deposits ($M) | $703 | $739 | $719 | $703 | $655 | $682 | $689 | $745 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |