Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.34 | 0.36% |
| Return on Equity (%) | ▲ | 7.15% | +3.43 | 3.72% |
| Net Interest Margin (%) | ▲ | 2.65% | +0.33 | 2.33% |
| Efficiency Ratio (%) | ▲ | 73.52% | -7.66 | 81.18% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.34 | $2 |
| Cost of Funds (%) | ▲ | 1.99% | -0.19 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,410 | +40.35 | $1,370 |
| Gross Loans ($M) | ▲ | $830 | +84.09 | $746 |
| Loan Growth YoY (%) | ▲ | 69.41% | +4.50 | 64.91% |
| Total Deposits ($M) | ▲ | $1,179 | +47.12 | $1,132 |
| Shareholders Equity ($M) | ▲ | $136 | +9.53 | $126 |
| Tang. Book Value ($M) | ▲ | $136 | +9.53 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +8.33 | $142 |
| Loan / Deposit Ratio (%) | ▲ | 69.41% | +4.50 | 64.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.40% | -0.10% | 1.50% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.62% | +0.75 | 14.86% |
Noninterest income ($3.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.01% | 2.07% | 2.16% | 2.33% | 2.38% | 2.44% | 2.51% | 2.65% |
| ▁▂▃▅▅▇▇█ | Return on Assets (%) | 0.01% | 0.10% | 0.18% | 0.36% | 0.42% | 0.55% | 0.58% | 0.69% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 102.0% | 97.8% | 93.7% | 81.2% | 78.9% | 77.1% | 76.4% | 73.5% |
| ▅█▆▄▄▅▃▁ | Cost of Funds (%) | 2.30% | 2.50% | 2.31% | 2.18% | 2.22% | 2.30% | 2.17% | 1.99% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $122 | $124 | $125 | $126 | $128 | $131 | $134 | $136 |
| ▁▁▄▆▇▇██ | Gross Loans ($M) | $605 | $621 | $696 | $746 | $778 | $792 | $820 | $830 |
| ▁▁▁▆█▇▇█ | Total Deposits ($M) | $936 | $952 | $953 | $1,132 | $1,214 | $1,148 | $1,150 | $1,179 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |