Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.28 | 1.67% |
| Return on Equity (%) | ▲ | 14.93% | +0.69 | 14.24% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.30 | 4.02% |
| Efficiency Ratio (%) | ▲ | 59.15% | -2.00 | 61.15% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.49 | $3 |
| Cost of Funds (%) | ▲ | 1.46% | -0.02 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $632 | +17.79 | $614 |
| Gross Loans ($M) | ▲ | $446 | +17.56 | $428 |
| Loan Growth YoY (%) | ▲ | 82.81% | +0.58 | 82.23% |
| Total Deposits ($M) | ▲ | $532 | +17.41 | $515 |
| Shareholders Equity ($M) | ▲ | $83 | +9.26 | $74 |
| Tang. Book Value ($M) | ▲ | $71 | +9.81 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +9.32 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 82.81% | +0.58 | 82.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.12 | 0.49% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.17 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.11% | +0.93 | 15.18% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▇▇█ | Net Interest Margin (%) | 3.49% | 3.63% | 3.70% | 4.02% | 4.08% | 4.12% | 4.18% | 4.32% |
| ▁▂▄▅▆▇██ | Return on Assets (%) | 1.27% | 1.44% | 1.53% | 1.67% | 1.73% | 1.81% | 1.89% | 1.95% |
| █▆▄▃▃▁▁▁ | Efficiency Ratio (%) | 66.1% | 63.5% | 62.2% | 61.2% | 60.8% | 59.7% | 58.8% | 59.2% |
| ██▇▂▁▂▅▁ | Cost of Funds (%) | 1.58% | 1.59% | 1.57% | 1.48% | 1.47% | 1.48% | 1.53% | 1.46% |
| █▃▃▅▂▃▁▁ | NPA / Assets (%) | 0.59% | 0.44% | 0.43% | 0.49% | 0.41% | 0.44% | 0.39% | 0.37% |
| █▃▃▆▂▄▂▁ | Net Charge-Off Ratio (%) | 0.76% | 0.59% | 0.59% | 0.68% | 0.56% | 0.63% | 0.55% | 0.52% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $52 | $58 | $58 | $61 | $63 | $66 | $70 | $71 |
| ▂▃▁▂▆███ | Gross Loans ($M) | $428 | $431 | $425 | $428 | $439 | $443 | $446 | $446 |
| ▁▄▄▃▄█▅▇ | Total Deposits ($M) | $502 | $518 | $516 | $515 | $518 | $538 | $524 | $532 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |