Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.15 | 0.94% |
| Return on Equity (%) | ▲ | 9.81% | +0.64 | 9.17% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.08 | 4.15% |
| Efficiency Ratio (%) | ▲ | 74.67% | -0.88 | 75.56% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▼ | 0.90% | +0.10 | 0.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $380 | +5.35 | $375 |
| Gross Loans ($M) | ▲ | $289 | +16.11 | $273 |
| Loan Growth YoY (%) | ▲ | 85.34% | +3.91 | 81.43% |
| Total Deposits ($M) | ▲ | $334 | +3.54 | $331 |
| Shareholders Equity ($M) | ▲ | $43 | +4.32 | $38 |
| Tang. Book Value ($M) | ▲ | $42 | +4.35 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.05 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 85.34% | +3.91 | 81.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.10 | 0.24% |
| Allowance / Loans (%) | — | 1.31% | -0.02% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.12 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.76% | +1.30 | 15.46% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▅▇█▆ | Net Interest Margin (%) | 4.05% | 4.11% | 4.15% | 4.15% | 4.22% | 4.28% | 4.34% | 4.24% |
| ▁█▄▁▃███ | Return on Assets (%) | 0.92% | 1.07% | 0.99% | 0.94% | 0.97% | 1.07% | 1.09% | 1.09% |
| █▁▃██▂▂▇ | Efficiency Ratio (%) | 75.1% | 71.8% | 73.0% | 75.6% | 75.2% | 72.6% | 72.5% | 74.7% |
| ▁▃▅▄▄▄█▇ | Cost of Funds (%) | 0.71% | 0.79% | 0.84% | 0.80% | 0.81% | 0.80% | 0.94% | 0.90% |
| ▃▁▁▁▂▂█▆ | NPA / Assets (%) | 0.28% | 0.23% | 0.25% | 0.24% | 0.27% | 0.26% | 0.39% | 0.34% |
| ▄▁▁▁▂▁█▆ | Net Charge-Off Ratio (%) | 0.40% | 0.32% | 0.33% | 0.33% | 0.35% | 0.34% | 0.51% | 0.45% |
| ▁▄▃▃▄▆██ | Tang. Book Value ($M) | $35 | $38 | $37 | $38 | $38 | $40 | $42 | $42 |
| ▁▂▄▃▇███ | Gross Loans ($M) | $262 | $268 | $276 | $273 | $288 | $292 | $292 | $289 |
| ▃▂▁▃▄█▇▅ | Total Deposits ($M) | $331 | $328 | $326 | $331 | $333 | $342 | $339 | $334 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |