Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.06 | 1.26% |
| Return on Equity (%) | ▼ | 14.73% | -1.06 | 15.79% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.31 | 4.00% |
| Efficiency Ratio (%) | ▲ | 64.35% | -0.29 | 64.65% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.24 | $2 |
| Cost of Funds (%) | ▲ | 1.01% | -0.17 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $614 | +20.98 | $593 |
| Gross Loans ($M) | ▲ | $424 | +27.93 | $396 |
| Loan Growth YoY (%) | ▲ | 76.37% | +3.88 | 72.49% |
| Total Deposits ($M) | ▲ | $550 | +8.78 | $541 |
| Shareholders Equity ($M) | ▲ | $55 | +7.50 | $48 |
| Tang. Book Value ($M) | ▲ | $55 | +7.50 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +7.41 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 76.37% | +3.88 | 72.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.02% | +0.47 | 0.55% |
| Allowance / Loans (%) | — | 1.00% | -0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.47% | +0.68 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.43% | +0.22 | 18.22% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.85% | 3.83% | 3.88% | 4.00% | 4.06% | 4.04% | 4.09% | 4.30% |
| ▁▂▄▇▇▇██ | Return on Assets (%) | 0.92% | 1.00% | 1.09% | 1.26% | 1.25% | 1.25% | 1.27% | 1.31% |
| █▇▅▁▁▁▁▁ | Efficiency Ratio (%) | 71.8% | 70.6% | 68.8% | 64.6% | 64.9% | 64.8% | 64.9% | 64.4% |
| ▆█▇▄▃▄▁▁ | Cost of Funds (%) | 1.24% | 1.36% | 1.29% | 1.19% | 1.13% | 1.15% | 1.04% | 1.01% |
| ▁▁▁▁▅▅█▆ | NPA / Assets (%) | 0.58% | 0.57% | 0.56% | 0.55% | 0.96% | 0.92% | 1.22% | 1.02% |
| ▁▁▁▁▅▅█▆ | Net Charge-Off Ratio (%) | 0.87% | 0.84% | 0.78% | 0.79% | 1.35% | 1.31% | 1.77% | 1.47% |
| ▁▄▂▄▃▆██ | Tang. Book Value ($M) | $43 | $48 | $46 | $48 | $47 | $52 | $54 | $55 |
| ▁▂▃▃▄▅▇█ | Gross Loans ($M) | $380 | $389 | $396 | $396 | $400 | $408 | $418 | $424 |
| ▁▃▆▇▅▅██ | Total Deposits ($M) | $491 | $507 | $532 | $541 | $528 | $526 | $548 | $550 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 3% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |