Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.27 | 0.66% |
| Return on Equity (%) | ▲ | 10.14% | +2.71 | 7.43% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.32 | 3.07% |
| Efficiency Ratio (%) | ▲ | 67.40% | -7.18 | 74.58% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.80 | $2 |
| Cost of Funds (%) | ▲ | 1.59% | -0.09 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $814 | +72.50 | $741 |
| Gross Loans ($M) | ▲ | $637 | +65.53 | $572 |
| Loan Growth YoY (%) | ▲ | 86.30% | +1.34 | 84.96% |
| Total Deposits ($M) | ▲ | $733 | +65.25 | $668 |
| Shareholders Equity ($M) | ▲ | $73 | +7.27 | $65 |
| Tang. Book Value ($M) | ▲ | $72 | +7.34 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.38 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 86.30% | +1.34 | 84.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.00 | 0.08% |
| Allowance / Loans (%) | — | 0.67% | -0.03% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.01 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▅▆██ | Net Interest Margin (%) | 2.98% | 2.98% | 3.04% | 3.07% | 3.21% | 3.29% | 3.36% | 3.40% |
| ▃▁▃▁▄▆▆█ | Return on Assets (%) | 0.74% | 0.69% | 0.73% | 0.66% | 0.79% | 0.84% | 0.85% | 0.93% |
| ██▇█▄▂▁▁ | Efficiency Ratio (%) | 74.5% | 74.4% | 73.2% | 74.6% | 70.7% | 68.9% | 67.9% | 67.4% |
| ▆██▃▂▂▁▁ | Cost of Funds (%) | 1.77% | 1.88% | 1.86% | 1.68% | 1.64% | 1.62% | 1.58% | 1.59% |
| ▁█▅▅█▄▂▄ | NPA / Assets (%) | 0.05% | 0.10% | 0.08% | 0.08% | 0.10% | 0.08% | 0.06% | 0.08% |
| ▁█▆▅█▄▂▅ | Net Charge-Off Ratio (%) | 0.07% | 0.13% | 0.11% | 0.10% | 0.13% | 0.09% | 0.08% | 0.10% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $60 | $63 | $63 | $64 | $65 | $68 | $70 | $72 |
| ▁▁▁▂▄▅▇█ | Gross Loans ($M) | $561 | $565 | $562 | $572 | $595 | $607 | $627 | $637 |
| ▁▁▁▃▄▃▁█ | Total Deposits ($M) | $644 | $649 | $641 | $668 | $675 | $671 | $652 | $733 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 18% |