Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.39 | 0.94% |
| Return on Equity (%) | ▲ | 12.94% | +1.49 | 11.45% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.67 | 3.22% |
| Efficiency Ratio (%) | ▲ | 60.55% | -7.64 | 68.20% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.90 | $2 |
| Cost of Funds (%) | ▲ | 1.35% | -0.13 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $620 | +36.66 | $583 |
| Gross Loans ($M) | ▲ | $383 | +32.11 | $351 |
| Loan Growth YoY (%) | ▲ | 70.14% | +4.93 | 65.21% |
| Total Deposits ($M) | ▲ | $539 | +8.24 | $531 |
| Shareholders Equity ($M) | ▲ | $64 | +14.61 | $49 |
| Tang. Book Value ($M) | ▲ | $57 | +14.90 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +15.87 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 70.14% | +4.93 | 65.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.36% | -0.07% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.07 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.17% | +2.05 | 13.12% |
Noninterest income ($1.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.63% | 2.77% | 2.86% | 3.22% | 3.40% | 3.52% | 3.63% | 3.89% |
| ▁▁▁▄▄▅▇█ | Return on Assets (%) | 0.69% | 0.71% | 0.72% | 0.94% | 0.97% | 1.05% | 1.19% | 1.33% |
| ███▅▅▄▂▁ | Efficiency Ratio (%) | 73.1% | 73.1% | 74.3% | 68.2% | 68.0% | 66.2% | 63.1% | 60.6% |
| ███▃▃▂▂▁ | Cost of Funds (%) | 1.88% | 1.82% | 1.82% | 1.49% | 1.49% | 1.44% | 1.45% | 1.35% |
| ▆▅▇██▂▁▁ | NPA / Assets (%) | 0.05% | 0.04% | 0.05% | 0.06% | 0.06% | 0.03% | 0.02% | 0.02% |
| ▆▅▇█▇▂▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.09% | 0.10% | 0.09% | 0.05% | 0.04% | 0.03% |
| ▁▂▂▃▆▇██ | Tang. Book Value ($M) | $36 | $40 | $41 | $42 | $51 | $54 | $56 | $57 |
| ▁▂▂▃▅▆██ | Gross Loans ($M) | $337 | $345 | $344 | $351 | $361 | $370 | $377 | $383 |
| ▁▆▃▅▃█▆▆ | Total Deposits ($M) | $493 | $535 | $513 | $531 | $513 | $557 | $534 | $539 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 4% |