Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.33 | 0.93% |
| Return on Equity (%) | ▲ | 11.20% | +2.25 | 8.95% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.36 | 3.43% |
| Efficiency Ratio (%) | ▲ | 60.85% | -5.88 | 66.73% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.93 | $3 |
| Cost of Funds (%) | ▲ | 1.92% | -0.25 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,002 | +35.97 | $966 |
| Gross Loans ($M) | ▲ | $814 | +75.95 | $738 |
| Loan Growth YoY (%) | ▲ | 99.59% | +9.44 | 90.15% |
| Total Deposits ($M) | ▼ | $806 | -1.66 | $807 |
| Shareholders Equity ($M) | ▲ | $112 | +10.36 | $101 |
| Tang. Book Value ($M) | ▲ | $102 | +10.60 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +10.92 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 99.59% | +9.44 | 90.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.40 | 0.00% |
| Allowance / Loans (%) | — | 1.43% | 0.04% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.50 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.79% | +0.16 | 11.62% |
Noninterest income ($1.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆██ | Net Interest Margin (%) | 3.17% | 3.21% | 3.31% | 3.43% | 3.52% | 3.63% | 3.71% | 3.78% |
| ▁▁▃▁▂▄▅█ | Return on Assets (%) | 0.94% | 0.96% | 1.02% | 0.93% | 1.01% | 1.08% | 1.12% | 1.26% |
| ██▇██▅▃▁ | Efficiency Ratio (%) | 66.6% | 66.8% | 65.8% | 66.7% | 66.2% | 64.4% | 62.6% | 60.9% |
| ▇█▇▄▄▁▃▁ | Cost of Funds (%) | 2.40% | 2.48% | 2.37% | 2.17% | 2.19% | 1.98% | 2.08% | 1.92% |
| ▁▆▁▁▁▂▇█ | NPA / Assets (%) | 0.01% | 0.26% | 0.03% | 0.00% | 0.05% | 0.07% | 0.35% | 0.41% |
| ▁▆▁▁▁▂▇█ | Net Charge-Off Ratio (%) | 0.01% | 0.35% | 0.04% | 0.00% | 0.05% | 0.09% | 0.43% | 0.50% |
| ▄▁▁▃▅▇▇█ | Tang. Book Value ($M) | $94 | $87 | $88 | $92 | $95 | $99 | $99 | $102 |
| ▁▁▃▃▄▆▆█ | Gross Loans ($M) | $702 | $704 | $735 | $738 | $755 | $772 | $777 | $814 |
| █▇▆▇▁▃▃▇ | Total Deposits ($M) | $833 | $806 | $796 | $807 | $722 | $758 | $759 | $806 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 17% |