Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.10 | 0.91% |
| Return on Equity (%) | ▲ | 11.18% | +1.15 | 10.03% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.10 | 3.54% |
| Efficiency Ratio (%) | ▼ | 63.92% | +0.21 | 63.71% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.00 | $5 |
| Cost of Funds (%) | ▲ | 2.33% | -0.20 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,628 | +249.37 | $1,379 |
| Gross Loans ($M) | ▲ | $1,309 | +167.24 | $1,142 |
| Loan Growth YoY (%) | ▼ | 90.23% | -3.50 | 93.73% |
| Total Deposits ($M) | ▲ | $1,434 | +229.99 | $1,204 |
| Shareholders Equity ($M) | ▲ | $149 | +26.44 | $122 |
| Tang. Book Value ($M) | ▲ | $147 | +26.66 | $121 |
| TBV excl. AOCI ($M)** | ▲ | $156 | +28.64 | $127 |
| Loan / Deposit Ratio (%) | ▼ | 90.23% | -3.50 | 93.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Allowance / Loans (%) | — | 1.16% | -0.00% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.79% | +0.72 | 11.07% |
Noninterest income ($2.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇██▇ | Net Interest Margin (%) | 3.25% | 3.33% | 3.38% | 3.54% | 3.65% | 3.72% | 3.77% | 3.65% |
| ▁▃▃▆▇██▇ | Return on Assets (%) | 0.52% | 0.69% | 0.69% | 0.91% | 0.98% | 1.02% | 1.09% | 1.01% |
| █▇▇▂▁▁▁▂ | Efficiency Ratio (%) | 75.5% | 73.0% | 72.1% | 63.7% | 62.1% | 62.5% | 61.9% | 63.9% |
| ▅█▇▆▄▆▅▁ | Cost of Funds (%) | 2.50% | 2.62% | 2.57% | 2.53% | 2.47% | 2.53% | 2.50% | 2.33% |
| ██▄▇▄▃▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.03% | 0.05% | 0.03% | 0.02% | 0.00% | 0.00% |
| ▁▁▂█▇▇▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.04% | 0.03% | 0.03% | 0.00% | 0.00% |
| ▁▂▂▂▃▄▅█ | Tang. Book Value ($M) | $112 | $117 | $117 | $121 | $123 | $128 | $133 | $147 |
| ▁▁▃▄▆▇▇█ | Gross Loans ($M) | $996 | $991 | $1,078 | $1,142 | $1,211 | $1,257 | $1,265 | $1,309 |
| ▁▁▂▄▅▆▆█ | Total Deposits ($M) | $1,019 | $1,039 | $1,096 | $1,204 | $1,254 | $1,289 | $1,325 | $1,434 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 32% |