Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.29 | 1.06% |
| Return on Equity (%) | ▲ | 14.09% | +2.80 | 11.29% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.20 | 3.55% |
| Efficiency Ratio (%) | ▲ | 62.02% | -3.73 | 65.76% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.14 | $3 |
| Cost of Funds (%) | ▲ | 1.45% | -0.08 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $975 | +80.51 | $895 |
| Gross Loans ($M) | ▲ | $760 | +41.72 | $719 |
| Loan Growth YoY (%) | ▼ | 88.96% | -3.12 | 92.09% |
| Total Deposits ($M) | ▲ | $846 | +73.12 | $773 |
| Shareholders Equity ($M) | ▲ | $93 | +8.34 | $85 |
| Tang. Book Value ($M) | ▲ | $93 | +8.34 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +9.14 | $89 |
| Loan / Deposit Ratio (%) | ▼ | 88.96% | -3.12 | 92.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.22 | 0.25% |
| Allowance / Loans (%) | — | 1.05% | 0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.28 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.87% | +0.32 | 12.55% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆██ | Net Interest Margin (%) | 3.30% | 3.35% | 3.39% | 3.55% | 3.56% | 3.59% | 3.70% | 3.75% |
| ▁▁▁▄▄▄▄█ | Return on Assets (%) | 0.81% | 0.83% | 0.86% | 1.06% | 1.02% | 1.03% | 1.04% | 1.35% |
| ███▄▅▅▆▁ | Efficiency Ratio (%) | 69.4% | 69.8% | 69.0% | 65.8% | 66.7% | 66.7% | 67.0% | 62.0% |
| ▅█▅▂▄▆▄▁ | Cost of Funds (%) | 1.63% | 1.78% | 1.64% | 1.53% | 1.58% | 1.68% | 1.60% | 1.45% |
| █▇█▆▆▅▁▁ | NPA / Assets (%) | 0.36% | 0.30% | 0.31% | 0.25% | 0.26% | 0.22% | 0.00% | 0.03% |
| █▇▇▆▆▆▁▁ | Net Charge-Off Ratio (%) | 0.45% | 0.38% | 0.39% | 0.31% | 0.32% | 0.29% | 0.00% | 0.03% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $78 | $81 | $82 | $85 | $86 | $89 | $91 | $93 |
| ▁▂▄▅▇▆██ | Gross Loans ($M) | $665 | $688 | $706 | $719 | $742 | $735 | $754 | $760 |
| ▁▁▂▃▅█▆█ | Total Deposits ($M) | $740 | $750 | $755 | $773 | $795 | $834 | $813 | $846 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |