Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.24 | 1.55% |
| Return on Equity (%) | ▲ | 20.06% | +1.23 | 18.83% |
| Net Interest Margin (%) | ▼ | 3.32% | -0.28 | 3.61% |
| Efficiency Ratio (%) | ▲ | 43.43% | -4.65 | 48.08% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.42 | $8 |
| Cost of Funds (%) | ▲ | 0.12% | -0.08 | 0.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,919 | +191.77 | $1,727 |
| Gross Loans ($M) | ▼ | $273 | -28.50 | $302 |
| Loan Growth YoY (%) | ▼ | 15.49% | -3.32 | 18.81% |
| Total Deposits ($M) | ▲ | $1,741 | +159.83 | $1,582 |
| Shareholders Equity ($M) | ▲ | $169 | +30.62 | $138 |
| Tang. Book Value ($M) | ▲ | $169 | +30.62 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $219 | +42.12 | $177 |
| Loan / Deposit Ratio (%) | ▼ | 15.49% | -3.32 | 18.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.36% | -0.12% | 1.48% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 46.12% | +9.19 | 36.93% |
Noninterest income ($2.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▄█▆▅▄▄ | Net Interest Margin (%) | 3.12% | 3.38% | 3.37% | 3.61% | 3.44% | 3.38% | 3.35% | 3.32% |
| ▄█▆▃▂▁▁▇ | Return on Assets (%) | 1.62% | 1.86% | 1.71% | 1.55% | 1.49% | 1.44% | 1.43% | 1.79% |
| ▄▁▃▆▇██▁ | Efficiency Ratio (%) | 46.5% | 42.7% | 45.3% | 48.1% | 49.3% | 50.5% | 50.3% | 43.4% |
| ▅▄▆▄▇██▁ | Cost of Funds (%) | 0.23% | 0.21% | 0.24% | 0.21% | 0.27% | 0.30% | 0.30% | 0.12% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▅▅▆▇█ | Tang. Book Value ($M) | $104 | $115 | $119 | $138 | $145 | $151 | $158 | $169 |
| ▇▆█▆▃▃▁▁ | Gross Loans ($M) | $305 | $300 | $314 | $302 | $288 | $284 | $275 | $273 |
| ▁▃▁▆▁▂▆█ | Total Deposits ($M) | $1,304 | $1,434 | $1,276 | $1,582 | $1,295 | $1,376 | $1,585 | $1,741 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 81% |
| Interest-Bearing (core) | 19% |