Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.42 | 0.69% |
| Return on Equity (%) | ▲ | 11.14% | +3.45 | 7.69% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.42 | 3.41% |
| Efficiency Ratio (%) | ▲ | 68.84% | -7.95 | 76.79% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.86 | $2 |
| Cost of Funds (%) | ▲ | 1.50% | -0.22 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $691 | -1.98 | $693 |
| Gross Loans ($M) | ▲ | $473 | +14.02 | $459 |
| Loan Growth YoY (%) | ▲ | 76.59% | +3.76 | 72.83% |
| Total Deposits ($M) | ▼ | $612 | -12.63 | $624 |
| Shareholders Equity ($M) | ▲ | $69 | +6.83 | $62 |
| Tang. Book Value ($M) | ▲ | $66 | +6.90 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +6.50 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 76.59% | +3.76 | 72.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.13 | 0.30% |
| Allowance / Loans (%) | — | 1.02% | 0.02% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.21 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.78% | +0.53 | 15.25% |
Noninterest income ($1.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.26% | 3.26% | 3.32% | 3.41% | 3.58% | 3.65% | 3.74% | 3.83% |
| ▁▁▃▁▆▇██ | Return on Assets (%) | 0.68% | 0.73% | 0.83% | 0.69% | 0.95% | 1.02% | 1.09% | 1.11% |
| █▇▅█▂▂▁▁ | Efficiency Ratio (%) | 76.6% | 75.4% | 72.8% | 76.8% | 70.1% | 69.1% | 68.0% | 68.8% |
| ▇██▄▄▅▃▁ | Cost of Funds (%) | 1.84% | 1.96% | 1.91% | 1.72% | 1.72% | 1.73% | 1.64% | 1.50% |
| █▅█▅▅▅▁▁ | NPA / Assets (%) | 0.38% | 0.28% | 0.36% | 0.30% | 0.29% | 0.28% | 0.18% | 0.17% |
| █▅█▆▅▅▁▁ | Net Charge-Off Ratio (%) | 0.53% | 0.41% | 0.53% | 0.45% | 0.42% | 0.41% | 0.27% | 0.24% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $54 | $57 | $57 | $59 | $61 | $64 | $66 | $66 |
| ▁▁▁▃▄▇▆█ | Gross Loans ($M) | $453 | $454 | $453 | $459 | $463 | $469 | $466 | $473 |
| ▁▆▅█▇█▇▇ | Total Deposits ($M) | $562 | $609 | $600 | $624 | $615 | $626 | $611 | $612 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |