Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.52 | 0.94% |
| Return on Equity (%) | ▲ | 11.64% | +2.46 | 9.18% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.72 | 3.76% |
| Efficiency Ratio (%) | ▲ | 65.26% | -5.84 | 71.10% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.48 | $4 |
| Cost of Funds (%) | ▲ | 1.68% | -0.14 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,047 | -57.02 | $1,104 |
| Gross Loans ($M) | ▲ | $859 | +54.22 | $804 |
| Loan Growth YoY (%) | ▲ | 94.57% | +12.00 | 82.58% |
| Total Deposits ($M) | ▼ | $891 | -66.83 | $957 |
| Shareholders Equity ($M) | ▲ | $133 | +16.26 | $116 |
| Tang. Book Value ($M) | ▲ | $133 | +16.26 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +14.30 | $122 |
| Loan / Deposit Ratio (%) | ▲ | 94.57% | +12.00 | 82.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.92% | 0.19% | 1.73% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.13% | +0.32 | 12.81% |
Noninterest income ($4.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▃▁▃▃▄█ | Net Interest Margin (%) | 3.91% | 3.93% | 3.94% | 3.76% | 3.97% | 3.96% | 4.10% | 4.48% |
| ▁▁▂▂▂▃▄█ | Return on Assets (%) | 0.79% | 0.81% | 0.90% | 0.94% | 0.92% | 1.00% | 1.12% | 1.46% |
| █▆▃██▅▃▁ | Efficiency Ratio (%) | 70.9% | 69.3% | 67.1% | 71.1% | 71.4% | 68.9% | 67.1% | 65.3% |
| █▇▇▃▅▅▄▁ | Cost of Funds (%) | 2.25% | 2.16% | 2.17% | 1.83% | 2.01% | 2.00% | 1.90% | 1.68% |
| █▁▁▁▃▁▁▁ | NPA / Assets (%) | 0.52% | 0.00% | 0.00% | 0.00% | 0.15% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▃▁▁▁ | Net Charge-Off Ratio (%) | 0.66% | 0.00% | 0.00% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $104 | $110 | $112 | $116 | $120 | $124 | $129 | $133 |
| ▄▁▁▃▅▄▇█ | Gross Loans ($M) | $810 | $779 | $786 | $804 | $820 | $811 | $848 | $859 |
| ▁▅█▇▂█▁▂ | Total Deposits ($M) | $877 | $935 | $972 | $957 | $896 | $963 | $884 | $891 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 48% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 20% |