Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.41% | +1.31 | 1.10% |
| Return on Equity (%) | ▲ | 19.96% | +9.67 | 10.29% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.64 | 3.52% |
| Efficiency Ratio (%) | ▲ | 37.96% | -15.76 | 53.72% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.25 | $3 |
| Cost of Funds (%) | ▲ | 2.08% | -0.52 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $781 | +11.44 | $770 |
| Gross Loans ($M) | ▲ | $654 | +59.76 | $595 |
| Loan Growth YoY (%) | ▲ | 95.63% | +9.21 | 86.43% |
| Total Deposits ($M) | ▼ | $677 | -3.44 | $680 |
| Shareholders Equity ($M) | ▲ | $96 | +13.19 | $83 |
| Tang. Book Value ($M) | ▲ | $96 | +13.36 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +12.95 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 95.63% | +9.21 | 86.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.38 | 0.07% |
| Allowance / Loans (%) | — | 1.13% | -0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.44 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▄▁▃▅▅█ | Net Interest Margin (%) | 3.90% | 3.85% | 3.78% | 3.52% | 3.74% | 3.86% | 3.91% | 4.16% |
| ▂▂▂▁▂▃▃█ | Return on Assets (%) | 1.32% | 1.42% | 1.41% | 1.10% | 1.28% | 1.43% | 1.47% | 2.41% |
| ████▇▇▆▁ | Efficiency Ratio (%) | 53.7% | 53.2% | 52.6% | 53.7% | 51.5% | 50.6% | 49.5% | 38.0% |
| ▆███▆▄▁▁ | Cost of Funds (%) | 2.43% | 2.57% | 2.61% | 2.59% | 2.45% | 2.31% | 2.10% | 2.08% |
| ▅▄▁▁▂▂▂█ | NPA / Assets (%) | 0.28% | 0.18% | 0.02% | 0.07% | 0.08% | 0.08% | 0.07% | 0.44% |
| ▃▁▁▂▂▂▂█ | Net Charge-Off Ratio (%) | 0.19% | 0.08% | 0.02% | 0.09% | 0.10% | 0.09% | 0.09% | 0.53% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $75 | $79 | $80 | $82 | $85 | $88 | $91 | $96 |
| ▁▂▂▂▅▅██ | Gross Loans ($M) | $575 | $590 | $595 | $595 | $617 | $617 | $649 | $654 |
| ▁▅██▇▂▇█ | Total Deposits ($M) | $608 | $648 | $682 | $680 | $670 | $623 | $666 | $677 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 18% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 26% |