Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.00 | 1.63% |
| Return on Equity (%) | ▲ | 9.94% | +0.27 | 9.67% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.42 | 3.61% |
| Efficiency Ratio (%) | ▲ | 33.42% | -1.64 | 35.06% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.13 | $5 |
| Cost of Funds (%) | ▲ | 2.61% | -0.60 | 3.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $891 | +107.30 | $783 |
| Gross Loans ($M) | ▲ | $768 | +87.37 | $681 |
| Loan Growth YoY (%) | ▼ | 105.58% | -0.24 | 105.81% |
| Total Deposits ($M) | ▲ | $717 | +82.34 | $634 |
| Shareholders Equity ($M) | ▲ | $145 | +13.87 | $132 |
| Tang. Book Value ($M) | ▲ | $142 | +10.71 | $132 |
| Loan / Deposit Ratio (%) | ▼ | 105.58% | -0.24 | 105.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.06 | 0.35% |
| Allowance / Loans (%) | — | 1.50% | 0.09% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 3.48% | 3.52% | 3.54% | 3.61% | 3.73% | 3.87% | 3.90% | 4.04% |
| ▄▇▄▄▁▄█▄ | Return on Assets (%) | 1.63% | 1.76% | 1.65% | 1.63% | 1.51% | 1.63% | 1.81% | 1.63% |
| █▂▄▅▃█▃▁ | Efficiency Ratio (%) | 36.4% | 33.9% | 34.7% | 35.1% | 34.3% | 36.1% | 34.2% | 33.4% |
| ██▇▆▄▃▂▁ | Cost of Funds (%) | 3.54% | 3.57% | 3.42% | 3.21% | 2.99% | 2.96% | 2.81% | 2.61% |
| █▇▆▆▃▁▂▂ | NPA / Assets (%) | 0.40% | 0.37% | 0.36% | 0.35% | 0.32% | 0.27% | 0.30% | 0.29% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% |
| ▁▂▃▃▃▅██ | Tang. Book Value ($M) | $125 | $129 | $130 | $132 | $131 | $135 | $140 | $142 |
| ▁▂▄▅████ | Gross Loans ($M) | $591 | $624 | $660 | $681 | $768 | $749 | $766 | $768 |
| ▁▃▄▄████ | Total Deposits ($M) | $556 | $611 | $621 | $634 | $718 | $707 | $712 | $717 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 28% |