Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.06 | 0.60% |
| Return on Equity (%) | ▲ | 9.05% | +0.81 | 8.24% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.24 | 2.57% |
| Efficiency Ratio (%) | ▼ | 79.47% | +1.62 | 77.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▲ | 2.02% | -0.06 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,043 | +68.20 | $975 |
| Gross Loans ($M) | ▲ | $685 | +76.08 | $609 |
| Loan Growth YoY (%) | ▲ | 77.10% | +1.48 | 75.62% |
| Total Deposits ($M) | ▲ | $882 | +82.28 | $799 |
| Shareholders Equity ($M) | ▲ | $77 | +6.56 | $70 |
| Tang. Book Value ($M) | ▲ | $77 | +6.56 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +5.46 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 77.10% | +1.48 | 75.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.01 | 0.13% |
| Allowance / Loans (%) | — | 0.73% | 0.04% | 0.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.01 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.64% | -0.13 | 11.76% |
Noninterest income ($5.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 2.21% | 2.23% | 2.29% | 2.57% | 2.58% | 2.62% | 2.66% | 2.82% |
| ▁▁▃▆▆▇█▇ | Return on Assets (%) | 0.37% | 0.40% | 0.47% | 0.60% | 0.62% | 0.65% | 0.70% | 0.66% |
| ██▅▁▂▂▁▂ | Efficiency Ratio (%) | 86.6% | 86.5% | 83.2% | 77.8% | 79.2% | 79.6% | 78.6% | 79.5% |
| ██▄▂▆▇▄▁ | Cost of Funds (%) | 2.31% | 2.29% | 2.15% | 2.08% | 2.22% | 2.24% | 2.15% | 2.02% |
| ▁▁█▆▄▄▄█ | NPA / Assets (%) | 0.11% | 0.11% | 0.13% | 0.13% | 0.12% | 0.12% | 0.12% | 0.14% |
| ▂▁█▄▁▁▁▆ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.22% | 0.20% | 0.19% | 0.19% | 0.19% | 0.21% |
| ▁▂▂▂▂▅██ | Tang. Book Value ($M) | $68 | $70 | $70 | $70 | $70 | $73 | $76 | $77 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $496 | $532 | $580 | $609 | $629 | $647 | $671 | $685 |
| ▁▃▂▁▂▅██ | Total Deposits ($M) | $798 | $826 | $811 | $799 | $818 | $850 | $883 | $882 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 13% |