Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.38 | 0.95% |
| Return on Equity (%) | ▲ | 13.02% | +3.25 | 9.77% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.36 | 3.64% |
| Efficiency Ratio (%) | ▲ | 59.28% | -6.80 | 66.08% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.28 | $3 |
| Cost of Funds (%) | ▲ | 1.73% | -0.12 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $938 | +72.65 | $865 |
| Gross Loans ($M) | ▲ | $764 | +68.95 | $695 |
| Loan Growth YoY (%) | ▲ | 90.59% | +1.76 | 88.83% |
| Total Deposits ($M) | ▲ | $834 | +60.78 | $773 |
| Shareholders Equity ($M) | ▲ | $96 | +11.34 | $85 |
| Tang. Book Value ($M) | ▲ | $96 | +11.34 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +11.07 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 90.59% | +1.76 | 88.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.01 | 0.12% |
| Allowance / Loans (%) | — | 1.13% | -0.07% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.01 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.33% | 3.36% | 3.39% | 3.64% | 3.74% | 3.81% | 3.85% | 4.00% |
| ▂▂▁▁▆▆▆█ | Return on Assets (%) | 1.01% | 1.00% | 0.98% | 0.95% | 1.20% | 1.23% | 1.22% | 1.32% |
| █▇██▄▃▃▁ | Efficiency Ratio (%) | 65.7% | 65.1% | 65.5% | 66.1% | 61.9% | 61.3% | 61.5% | 59.3% |
| ▇██▄▁▁▂▁ | Cost of Funds (%) | 1.94% | 1.97% | 2.00% | 1.85% | 1.73% | 1.71% | 1.78% | 1.73% |
| █▆▄▂▃▄▁▂ | NPA / Assets (%) | 0.32% | 0.23% | 0.20% | 0.12% | 0.16% | 0.18% | 0.08% | 0.11% |
| █▆▄▂▃▄▁▂ | Net Charge-Off Ratio (%) | 0.39% | 0.29% | 0.24% | 0.16% | 0.20% | 0.22% | 0.09% | 0.14% |
| ▁▂▂▃▅▆▇█ | Tang. Book Value ($M) | $78 | $81 | $83 | $85 | $88 | $91 | $94 | $96 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $637 | $659 | $680 | $695 | $711 | $737 | $760 | $764 |
| ▁▂▅▅▆▅██ | Total Deposits ($M) | $688 | $709 | $769 | $773 | $789 | $779 | $825 | $834 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |