Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +1.07 | 0.95% |
| Return on Equity (%) | ▲ | 21.31% | +10.29 | 11.02% |
| Net Interest Margin (%) | ▲ | 5.10% | +0.71 | 4.39% |
| Efficiency Ratio (%) | ▲ | 53.82% | -19.24 | 73.06% |
| Pre-Provision Profit ($M) | ▲ | $6 | +3.97 | $2 |
| Cost of Funds (%) | ▲ | 2.90% | -0.56 | 3.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $861 | +149.00 | $712 |
| Gross Loans ($M) | ▲ | $723 | +128.67 | $594 |
| Loan Growth YoY (%) | ▲ | 100.08% | +0.42 | 99.67% |
| Total Deposits ($M) | ▲ | $717 | +125.14 | $591 |
| Shareholders Equity ($M) | ▲ | $82 | +20.67 | $62 |
| Tang. Book Value ($M) | ▲ | $82 | +20.67 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +20.41 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 100.08% | +0.42 | 99.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.08 | 0.06% |
| Allowance / Loans (%) | — | 0.76% | -0.00% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.10 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 3.22% | 3.41% | 3.57% | 4.39% | 4.71% | 4.86% | 5.03% | 5.10% |
| ▁▁▃▅▆▇▇█ | Return on Assets (%) | -0.28% | -0.02% | 0.47% | 0.95% | 1.37% | 1.57% | 1.67% | 2.02% |
| █▇▄▄▂▂▁▁ | Efficiency Ratio (%) | 104.3% | 94.4% | 79.0% | 73.1% | 64.4% | 61.3% | 58.7% | 53.8% |
| ▆█▇▅▅▃▁▁ | Cost of Funds (%) | 3.50% | 3.82% | 3.70% | 3.45% | 3.41% | 3.21% | 2.99% | 2.90% |
| ▂▁▁▃▄▂▂█ | NPA / Assets (%) | 0.04% | 0.02% | 0.02% | 0.06% | 0.08% | 0.04% | 0.05% | 0.14% |
| ▂▁▁▃▄▂▂█ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.03% | 0.07% | 0.09% | 0.05% | 0.06% | 0.17% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $54 | $56 | $59 | $62 | $65 | $74 | $78 | $82 |
| ▁▂▂▃▃▆▇█ | Gross Loans ($M) | $542 | $578 | $586 | $594 | $608 | $665 | $698 | $723 |
| ▁▃▂▃▄▅██ | Total Deposits ($M) | $525 | $585 | $569 | $591 | $597 | $639 | $703 | $717 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 1% |
| Consumer | 63% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 31% |