Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.14 | 1.66% |
| Return on Equity (%) | ▲ | 21.90% | +2.61 | 19.29% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.27 | 4.75% |
| Efficiency Ratio (%) | ▲ | 46.08% | -1.41 | 47.49% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.98 | $2 |
| Cost of Funds (%) | ▼ | 2.05% | +0.43 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $544 | +161.76 | $382 |
| Gross Loans ($M) | ▲ | $415 | +179.30 | $236 |
| Loan Growth YoY (%) | ▲ | 82.72% | +15.97 | 66.75% |
| Total Deposits ($M) | ▲ | $497 | +146.85 | $350 |
| Shareholders Equity ($M) | ▲ | $45 | +13.72 | $31 |
| Tang. Book Value ($M) | ▲ | $45 | +13.72 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +13.58 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 82.72% | +15.97 | 66.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.76 | 1.28% |
| Allowance / Loans (%) | — | 1.13% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.33 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▅▅▂▁ | Net Interest Margin (%) | 5.22% | 5.22% | 5.13% | 4.75% | 4.90% | 4.91% | 4.66% | 4.48% |
| ██▄▃▃▁▁▅ | Return on Assets (%) | 2.17% | 2.13% | 1.69% | 1.66% | 1.61% | 1.38% | 1.37% | 1.80% |
| ▁▂▃▅▁▇█▂ | Efficiency Ratio (%) | 45.7% | 46.1% | 46.7% | 47.5% | 45.5% | 48.4% | 48.9% | 46.1% |
| ▅▅▃▁▂▇██ | Cost of Funds (%) | 1.85% | 1.88% | 1.76% | 1.61% | 1.72% | 1.98% | 2.02% | 2.05% |
| ▁▁▆▅█▄▃▂ | NPA / Assets (%) | 0.01% | 0.10% | 1.50% | 1.28% | 2.09% | 0.95% | 0.70% | 0.52% |
| ▁▁▃▂█▁▄▁ | Net Charge-Off Ratio (%) | 0.02% | 0.16% | 0.43% | 0.38% | 1.57% | 0.13% | 0.79% | 0.05% |
| ▁▁▂▂▄▆██ | Tang. Book Value ($M) | $28 | $30 | $30 | $31 | $36 | $40 | $43 | $45 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $175 | $194 | $211 | $236 | $294 | $343 | $382 | $415 |
| ▁▁▂▃▄▆██ | Total Deposits ($M) | $262 | $283 | $296 | $350 | $375 | $426 | $481 | $497 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |