Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.91% | -0.08 | 1.99% |
| Return on Equity (%) | ▼ | 20.55% | -3.10 | 23.65% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.16 | 4.30% |
| Efficiency Ratio (%) | ▼ | 53.83% | +0.14 | 53.69% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.24 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.03 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $368 | +27.49 | $340 |
| Gross Loans ($M) | ▲ | $226 | +22.63 | $204 |
| Loan Growth YoY (%) | ▲ | 66.80% | +2.23 | 64.57% |
| Total Deposits ($M) | ▲ | $330 | +22.90 | $307 |
| Shareholders Equity ($M) | ▲ | $34 | +4.65 | $29 |
| Tang. Book Value ($M) | ▲ | $34 | +4.65 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +5.21 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 66.80% | +2.23 | 64.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.20 | 0.31% |
| Allowance / Loans (%) | — | 2.69% | -0.06% | 2.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.34 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.60% | +0.11 | 18.49% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 3.92% | 3.96% | 4.01% | 4.30% | 4.41% | 4.45% | 4.47% | 4.46% |
| ▂▂▁██▇▃▇ | Return on Assets (%) | 1.71% | 1.70% | 1.64% | 1.99% | 1.97% | 1.94% | 1.76% | 1.91% |
| ▅▆█▁▃▂▃▁ | Efficiency Ratio (%) | 57.1% | 58.0% | 60.1% | 53.7% | 55.7% | 54.9% | 55.8% | 53.8% |
| ▃▇█▂▃▇▃▁ | Cost of Funds (%) | 1.72% | 1.80% | 1.82% | 1.71% | 1.73% | 1.80% | 1.73% | 1.68% |
| ▁▁▂▄▂▇█▁ | NPA / Assets (%) | 0.15% | 0.12% | 0.17% | 0.31% | 0.19% | 0.46% | 0.53% | 0.11% |
| ▁▁▂▄▂▇█▁ | Net Charge-Off Ratio (%) | 0.25% | 0.19% | 0.27% | 0.52% | 0.30% | 0.74% | 0.86% | 0.18% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $26 | $29 | $27 | $29 | $30 | $33 | $34 | $34 |
| ▁▂▃▃▅▆▆█ | Gross Loans ($M) | $195 | $200 | $204 | $204 | $212 | $215 | $218 | $226 |
| ▁▁▂▄▄▅▆█ | Total Deposits ($M) | $288 | $288 | $296 | $307 | $308 | $311 | $319 | $330 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |