Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.14 | 1.00% |
| Return on Equity (%) | ▲ | 13.78% | +0.24 | 13.54% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.00 | 3.49% |
| Efficiency Ratio (%) | ▼ | 67.13% | +0.41 | 66.72% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.22 | $4 |
| Cost of Funds (%) | ▲ | 1.44% | -0.06 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,248 | +85.57 | $1,162 |
| Gross Loans ($M) | ▲ | $697 | +27.83 | $669 |
| Loan Growth YoY (%) | ▼ | 60.90% | -1.43 | 62.33% |
| Total Deposits ($M) | ▲ | $1,135 | +70.21 | $1,064 |
| Shareholders Equity ($M) | ▲ | $102 | +14.66 | $87 |
| Tang. Book Value ($M) | ▲ | $98 | +14.90 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +15.81 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 60.90% | -1.43 | 62.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.03% | 0.00 | 0.03% |
| Allowance / Loans (%) | — | 0.92% | 0.01% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.02 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.61% | +1.02 | 13.60% |
Noninterest income ($2.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▄▁▆▇█▂ | Net Interest Margin (%) | 3.50% | 3.47% | 3.53% | 3.49% | 3.58% | 3.59% | 3.62% | 3.50% |
| ▁▃▂▃▄▅▆█ | Return on Assets (%) | 0.94% | 1.01% | 0.98% | 1.00% | 1.04% | 1.04% | 1.07% | 1.14% |
| █▄▇▁▃▃▂▂ | Efficiency Ratio (%) | 68.7% | 67.7% | 68.4% | 66.7% | 67.2% | 67.3% | 67.2% | 67.1% |
| ▂▆█▂▁▂▃▁ | Cost of Funds (%) | 1.49% | 1.60% | 1.70% | 1.51% | 1.47% | 1.48% | 1.51% | 1.44% |
| █▃▁▁▁▁▁▁ | NPA / Assets (%) | 0.15% | 0.06% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| █▃▁▁▁▂▁▂ | Net Charge-Off Ratio (%) | 0.25% | 0.09% | 0.03% | 0.04% | 0.05% | 0.06% | 0.05% | 0.06% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $73 | $81 | $78 | $83 | $87 | $91 | $96 | $98 |
| ▁▂▅▄▇▆██ | Gross Loans ($M) | $640 | $652 | $671 | $669 | $687 | $682 | $699 | $697 |
| ▁▅▁▃▃▇▅█ | Total Deposits ($M) | $1,029 | $1,084 | $1,036 | $1,064 | $1,066 | $1,108 | $1,084 | $1,135 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 12% |