Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.12 | 0.50% |
| Return on Equity (%) | ▲ | 6.55% | +0.34 | 6.21% |
| Net Interest Margin (%) | ▼ | 2.98% | -0.00 | 2.98% |
| Efficiency Ratio (%) | ▼ | 77.47% | +5.65 | 71.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.19 | $3 |
| Cost of Funds (%) | ▲ | 2.38% | -0.31 | 2.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,039 | +241.28 | $797 |
| Gross Loans ($M) | ▲ | $371 | +17.53 | $354 |
| Loan Growth YoY (%) | ▼ | 39.33% | -9.10 | 48.43% |
| Total Deposits ($M) | ▲ | $933 | +210.46 | $722 |
| Shareholders Equity ($M) | ▲ | $93 | +29.67 | $64 |
| Tang. Book Value ($M) | ▲ | $93 | +29.67 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +36.25 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 39.33% | -9.10 | 48.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.12 | 0.13% |
| Allowance / Loans (%) | — | 1.17% | 0.08% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.25 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.89% | +4.62 | 20.28% |
Noninterest income ($5.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃███▇█ | Net Interest Margin (%) | 2.48% | 2.57% | 2.67% | 2.98% | 3.01% | 2.96% | 2.92% | 2.98% |
| ▁▂█▃▄▄▃▅ | Return on Assets (%) | 0.21% | 0.38% | 0.99% | 0.50% | 0.51% | 0.53% | 0.42% | 0.61% |
| █▇▅▁▂▂▃▄ | Efficiency Ratio (%) | 84.6% | 82.2% | 79.7% | 71.8% | 73.7% | 74.9% | 75.7% | 77.5% |
| ██▄▃▃▂▁▁ | Cost of Funds (%) | 3.49% | 3.56% | 2.83% | 2.69% | 2.77% | 2.64% | 2.40% | 2.38% |
| ▅██▅▃▂▃▁ | NPA / Assets (%) | 0.13% | 0.18% | 0.20% | 0.13% | 0.08% | 0.05% | 0.06% | 0.01% |
| ▅▇█▅▃▂▃▁ | Net Charge-Off Ratio (%) | 0.29% | 0.42% | 0.49% | 0.29% | 0.18% | 0.13% | 0.16% | 0.04% |
| ▁▁▂▂▂▃██ | Tang. Book Value ($M) | $55 | $56 | $62 | $64 | $64 | $67 | $93 | $93 |
| ▁▁▂▆▆▄██ | Gross Loans ($M) | $317 | $309 | $322 | $354 | $348 | $334 | $369 | $371 |
| ▁▁▃▃▃▄▆█ | Total Deposits ($M) | $647 | $618 | $699 | $722 | $713 | $741 | $846 | $933 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 18% |
| Consumer | 16% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 8% |