Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.15 | 0.55% |
| Return on Equity (%) | ▲ | 7.62% | +1.01 | 6.61% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.29 | 3.76% |
| Efficiency Ratio (%) | ▼ | 80.42% | +0.29 | 80.13% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $1 |
| Cost of Funds (%) | ▼ | 1.00% | +0.01 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $654 | +6.50 | $648 |
| Gross Loans ($M) | ▲ | $432 | +18.20 | $414 |
| Loan Growth YoY (%) | ▲ | 73.08% | +3.17 | 69.92% |
| Total Deposits ($M) | ▼ | $584 | -0.65 | $584 |
| Shareholders Equity ($M) | ▲ | $61 | +6.58 | $54 |
| Tang. Book Value ($M) | ▲ | $61 | +6.58 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +6.59 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 73.08% | +3.17 | 69.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.31% | -0.01% | 1.32% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.05% | +0.40 | 13.65% |
Noninterest income ($1.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 3.30% | 3.36% | 3.43% | 3.76% | 3.81% | 3.84% | 3.91% | 4.05% |
| ▁▂▃▅▇███ | Return on Assets (%) | 0.31% | 0.38% | 0.43% | 0.55% | 0.65% | 0.68% | 0.72% | 0.70% |
| █▇▆▂▁▁▁▂ | Efficiency Ratio (%) | 89.9% | 87.8% | 86.6% | 80.1% | 79.3% | 79.1% | 78.3% | 80.4% |
| ▅█▇▁▃▅▄▁ | Cost of Funds (%) | 1.05% | 1.11% | 1.08% | 0.98% | 1.02% | 1.06% | 1.04% | 1.00% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $50 | $54 | $53 | $54 | $55 | $59 | $61 | $61 |
| ▂▁▂▃▃▄█▇ | Gross Loans ($M) | $410 | $406 | $414 | $414 | $417 | $419 | $436 | $432 |
| ▁▅▄▅▅█▇▄ | Total Deposits ($M) | $560 | $588 | $579 | $584 | $586 | $608 | $597 | $584 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 2% |