Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.92 | 0.63% |
| Return on Equity (%) | ▲ | 19.84% | +11.01 | 8.83% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.44 | 3.69% |
| Efficiency Ratio (%) | ▲ | 60.99% | -14.30 | 75.29% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.19 | $1 |
| Cost of Funds (%) | ▼ | 2.06% | +0.13 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $418 | +14.97 | $403 |
| Gross Loans ($M) | ▲ | $353 | +48.41 | $305 |
| Loan Growth YoY (%) | ▲ | 92.89% | +11.94 | 80.95% |
| Total Deposits ($M) | ▲ | $374 | +4.38 | $369 |
| Shareholders Equity ($M) | ▲ | $33 | +3.97 | $29 |
| Tang. Book Value ($M) | ▲ | $33 | +3.97 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +3.54 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 92.89% | +11.94 | 80.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.68 | 1.02% |
| Allowance / Loans (%) | — | 1.66% | -0.19% | 1.84% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.32 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.12% | -0.16 | 10.28% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▆█ | Net Interest Margin (%) | 3.62% | 3.67% | 3.68% | 3.69% | 3.85% | 3.95% | 4.00% | 4.14% |
| ▁▁▂▁▁▂▃█ | Return on Assets (%) | 0.74% | 0.72% | 0.78% | 0.63% | 0.66% | 0.79% | 0.87% | 1.55% |
| █████▇▆▁ | Efficiency Ratio (%) | 74.4% | 73.9% | 73.7% | 75.3% | 75.2% | 71.9% | 70.8% | 61.0% |
| █▇▆▁▄▇█▆ | Cost of Funds (%) | 2.11% | 2.09% | 2.05% | 1.93% | 2.01% | 2.08% | 2.12% | 2.06% |
| ▁▁▇█▇▄▄▂ | NPA / Assets (%) | 0.22% | 0.17% | 0.88% | 1.02% | 0.82% | 0.60% | 0.59% | 0.34% |
| ▁▁█▆▄▃▃▃ | Net Charge-Off Ratio (%) | 0.16% | 0.10% | 1.01% | 0.73% | 0.52% | 0.44% | 0.41% | 0.40% |
| ▁▁▁▃▃▅▇█ | Tang. Book Value ($M) | $27 | $28 | $27 | $29 | $29 | $30 | $32 | $33 |
| ▁▁▃▃▃▅██ | Gross Loans ($M) | $282 | $286 | $302 | $305 | $307 | $321 | $345 | $353 |
| ▁▂▄█▅▆▆█ | Total Deposits ($M) | $337 | $344 | $354 | $369 | $356 | $360 | $364 | $374 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |