Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.02 | 1.45% |
| Return on Equity (%) | ▲ | 10.15% | +1.18 | 8.97% |
| Net Interest Margin (%) | ▼ | 3.96% | -0.60 | 4.56% |
| Efficiency Ratio (%) | ▲ | 40.40% | -6.21 | 46.61% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.22 | $3 |
| Cost of Funds (%) | ▲ | 2.28% | -0.11 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $647 | +146.81 | $500 |
| Gross Loans ($M) | ▲ | $467 | +127.46 | $340 |
| Loan Growth YoY (%) | ▲ | 82.63% | +0.89 | 81.74% |
| Total Deposits ($M) | ▲ | $558 | +148.13 | $410 |
| Shareholders Equity ($M) | ▲ | $86 | +7.47 | $79 |
| Tang. Book Value ($M) | ▲ | $86 | +7.05 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +6.37 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 82.63% | +0.89 | 81.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.49 | 1.05% |
| Allowance / Loans (%) | — | 1.20% | -0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.77 | 1.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▇█▇▆▆▁ | Net Interest Margin (%) | 4.40% | 4.46% | 4.43% | 4.56% | 4.44% | 4.40% | 4.34% | 3.96% |
| ▄▆█▁▄▅▄▁ | Return on Assets (%) | 1.58% | 1.63% | 1.73% | 1.45% | 1.58% | 1.60% | 1.55% | 1.44% |
| █▇▇▆▆▆▆▁ | Efficiency Ratio (%) | 49.9% | 48.7% | 47.7% | 46.6% | 47.1% | 46.7% | 47.4% | 40.4% |
| ▂█▆▃▄▅▄▁ | Cost of Funds (%) | 2.34% | 2.64% | 2.52% | 2.38% | 2.44% | 2.46% | 2.43% | 2.28% |
| █▆▆▃▃▂▁▁ | NPA / Assets (%) | 2.29% | 1.75% | 1.70% | 1.05% | 1.01% | 0.96% | 0.67% | 0.57% |
| █▆▅▃▂▂▁▁ | Net Charge-Off Ratio (%) | 3.78% | 2.75% | 2.60% | 1.55% | 1.53% | 1.48% | 0.99% | 0.79% |
| ▁▃▃▃▄▆██ | Tang. Book Value ($M) | $75 | $78 | $79 | $78 | $79 | $82 | $84 | $86 |
| ▁▁▂▃▃▄▅█ | Gross Loans ($M) | $274 | $292 | $308 | $340 | $341 | $352 | $379 | $467 |
| ▁▁▂▃▄▅▅█ | Total Deposits ($M) | $347 | $351 | $375 | $410 | $430 | $459 | $472 | $558 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 29% |