Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.38 | 0.25% |
| Return on Equity (%) | ▲ | 8.83% | +5.14 | 3.69% |
| Net Interest Margin (%) | ▲ | 2.46% | +0.43 | 2.03% |
| Efficiency Ratio (%) | ▲ | 77.23% | -12.39 | 89.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.53 | $1 |
| Cost of Funds (%) | ▲ | 1.95% | -0.20 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,512 | +86.19 | $1,426 |
| Gross Loans ($M) | ▲ | $899 | +107.90 | $791 |
| Loan Growth YoY (%) | ▲ | 74.77% | +8.81 | 65.96% |
| Total Deposits ($M) | ▲ | $1,192 | +3.01 | $1,189 |
| Shareholders Equity ($M) | ▲ | $106 | +9.45 | $97 |
| Tang. Book Value ($M) | ▲ | $106 | +9.45 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +8.48 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 74.77% | +8.81 | 65.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.07 | 0.21% |
| Allowance / Loans (%) | — | 0.78% | -0.00% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.13 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.72% | -1.09 | 14.80% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.72% | 1.73% | 1.76% | 2.03% | 2.13% | 2.21% | 2.26% | 2.46% |
| ▁▁▄▄▄▅▆█ | Return on Assets (%) | -0.02% | 0.03% | 0.26% | 0.25% | 0.30% | 0.37% | 0.40% | 0.63% |
| ██▅▅▄▃▂▁ | Efficiency Ratio (%) | 101.6% | 101.5% | 89.7% | 89.6% | 87.9% | 84.5% | 82.7% | 77.2% |
| ▇█▅▄▃▄▂▁ | Cost of Funds (%) | 2.33% | 2.43% | 2.24% | 2.15% | 2.07% | 2.16% | 2.07% | 1.95% |
| ██▅▁▃▄▄▃ | NPA / Assets (%) | 0.40% | 0.39% | 0.33% | 0.21% | 0.26% | 0.30% | 0.30% | 0.28% |
| ██▇▁▃▅▅▄ | Net Charge-Off Ratio (%) | 0.60% | 0.57% | 0.54% | 0.33% | 0.40% | 0.49% | 0.48% | 0.45% |
| ▁▄▁▃▃▇█▇ | Tang. Book Value ($M) | $92 | $99 | $92 | $97 | $98 | $106 | $109 | $106 |
| ▁▁▁▂▃▆▇█ | Gross Loans ($M) | $770 | $768 | $783 | $791 | $814 | $851 | $881 | $899 |
| ▆██▂▁▅▇▃ | Total Deposits ($M) | $1,202 | $1,210 | $1,207 | $1,189 | $1,186 | $1,198 | $1,205 | $1,192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 9% |