Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.42 | 0.23% |
| Return on Equity (%) | ▲ | 7.27% | +4.23 | 3.04% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.74 | 3.18% |
| Efficiency Ratio (%) | ▲ | 79.85% | -12.05 | 91.89% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.94 | $2 |
| Cost of Funds (%) | ▲ | 0.64% | -0.42 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,036 | -106.96 | $2,143 |
| Gross Loans ($M) | ▲ | $1,392 | +78.25 | $1,313 |
| Loan Growth YoY (%) | ▲ | 76.83% | +6.28 | 70.54% |
| Total Deposits ($M) | ▼ | $1,794 | -47.94 | $1,842 |
| Shareholders Equity ($M) | ▲ | $185 | +19.76 | $165 |
| Tang. Book Value ($M) | ▲ | $178 | +19.76 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $203 | +13.28 | $189 |
| Loan / Deposit Ratio (%) | ▲ | 76.83% | +6.28 | 70.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.02 | 0.12% |
| Allowance / Loans (%) | — | 0.97% | -0.11% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▄█ | Net Interest Margin (%) | 3.26% | 3.24% | 3.23% | 3.18% | 3.28% | 3.40% | 3.49% | 3.92% |
| ▂▃▂▁▂▄▅█ | Return on Assets (%) | 0.30% | 0.34% | 0.29% | 0.23% | 0.31% | 0.42% | 0.45% | 0.65% |
| ▇▆▇█▆▄▄▁ | Efficiency Ratio (%) | 89.2% | 87.8% | 89.6% | 91.9% | 88.9% | 85.5% | 84.7% | 79.8% |
| ▇███▆▄▁▁ | Cost of Funds (%) | 1.00% | 1.05% | 1.10% | 1.07% | 0.95% | 0.86% | 0.69% | 0.64% |
| ██▇▂▂▅▅▁ | NPA / Assets (%) | 0.18% | 0.17% | 0.17% | 0.12% | 0.12% | 0.15% | 0.15% | 0.11% |
| ██▇▃▂▅▅▁ | Net Charge-Off Ratio (%) | 0.30% | 0.29% | 0.27% | 0.20% | 0.19% | 0.24% | 0.23% | 0.16% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $143 | $162 | $150 | $158 | $162 | $171 | $175 | $178 |
| ▁▁▂▄▅▆▅█ | Gross Loans ($M) | $1,265 | $1,277 | $1,288 | $1,313 | $1,339 | $1,345 | $1,344 | $1,392 |
| ▁▁▂▅██▃▁ | Total Deposits ($M) | $1,802 | $1,795 | $1,811 | $1,842 | $1,875 | $1,872 | $1,816 | $1,794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 11% |