Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.23 | 1.74% |
| Return on Equity (%) | ▲ | 23.28% | +1.32 | 21.96% |
| Net Interest Margin (%) | ▲ | 4.66% | +0.16 | 4.50% |
| Efficiency Ratio (%) | ▲ | 45.00% | -4.18 | 49.18% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $2 |
| Cost of Funds (%) | ▼ | 1.79% | +0.01 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $343 | +40.26 | $303 |
| Gross Loans ($M) | ▲ | $268 | +36.45 | $232 |
| Loan Growth YoY (%) | ▲ | 92.87% | +1.83 | 91.04% |
| Total Deposits ($M) | ▲ | $285 | +33.69 | $251 |
| Shareholders Equity ($M) | ▲ | $29 | +5.21 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +5.11 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +5.35 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 92.87% | +1.83 | 91.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.39% | 0.03% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.07% | +0.21 | 9.86% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▄▆▇███ | Net Interest Margin (%) | 4.16% | 4.36% | 4.39% | 4.50% | 4.59% | 4.65% | 4.63% | 4.66% |
| ▁▂▄▄▆▇▅█ | Return on Assets (%) | 1.54% | 1.64% | 1.75% | 1.74% | 1.83% | 1.87% | 1.81% | 1.97% |
| █▆▄▇▄▃▂▁ | Efficiency Ratio (%) | 49.9% | 48.4% | 46.9% | 49.2% | 47.0% | 46.3% | 45.9% | 45.0% |
| ▁▇█▃▆▅▄▃ | Cost of Funds (%) | 1.73% | 1.88% | 1.91% | 1.78% | 1.85% | 1.84% | 1.81% | 1.79% |
| █▁▁▁▁▁▂▁ | NPA / Assets (%) | 1.03% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.23% | 0.02% |
| █▁▁▁▁▁▂▁ | Net Charge-Off Ratio (%) | 1.37% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.29% | 0.02% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $17 | $20 | $20 | $21 | $23 | $25 | $26 | $26 |
| ▁▁▂▄▅▆██ | Gross Loans ($M) | $210 | $213 | $218 | $232 | $241 | $248 | $265 | $268 |
| ▁▂▁▄▄▇██ | Total Deposits ($M) | $225 | $237 | $229 | $251 | $252 | $271 | $279 | $285 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 12% |