Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.04 | 0.86% |
| Return on Equity (%) | ▼ | 10.51% | -0.57 | 11.08% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.20 | 3.51% |
| Efficiency Ratio (%) | ▲ | 62.85% | -5.83 | 68.68% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.81 | $3 |
| Cost of Funds (%) | ▲ | 1.58% | -0.01 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $948 | +83.49 | $864 |
| Gross Loans ($M) | ▲ | $695 | +79.33 | $615 |
| Loan Growth YoY (%) | ▲ | 79.78% | +2.83 | 76.95% |
| Total Deposits ($M) | ▲ | $860 | +70.01 | $790 |
| Shareholders Equity ($M) | ▲ | $81 | +12.46 | $68 |
| Tang. Book Value ($M) | ▲ | $81 | +12.46 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +11.22 | $77 |
| Loan / Deposit Ratio (%) | ▲ | 79.78% | +2.83 | 76.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.53 | 0.74% |
| Allowance / Loans (%) | — | 1.27% | 0.02% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.36% | +0.32 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇▇█ | Net Interest Margin (%) | 3.16% | 3.23% | 3.31% | 3.51% | 3.56% | 3.57% | 3.59% | 3.70% |
| ▁▃▄█▃▆▆█ | Return on Assets (%) | 0.52% | 0.62% | 0.67% | 0.86% | 0.62% | 0.79% | 0.80% | 0.90% |
| █▆▆▅▄▃▃▁ | Efficiency Ratio (%) | 72.2% | 69.4% | 69.1% | 68.7% | 67.1% | 65.5% | 66.3% | 62.8% |
| ▁▆▅▄▅▇█▃ | Cost of Funds (%) | 1.52% | 1.64% | 1.62% | 1.60% | 1.62% | 1.67% | 1.70% | 1.58% |
| ▁▁▁▁▃██▇ | NPA / Assets (%) | 0.81% | 0.77% | 0.79% | 0.74% | 0.91% | 1.37% | 1.34% | 1.27% |
| ▁▁▁▁▃█▃▃ | Net Charge-Off Ratio (%) | 1.17% | 1.09% | 1.10% | 1.04% | 1.31% | 2.07% | 1.42% | 1.36% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $58 | $65 | $64 | $68 | $70 | $74 | $79 | $81 |
| ▁▂▃▄▄▄▇█ | Gross Loans ($M) | $557 | $589 | $598 | $615 | $615 | $616 | $673 | $695 |
| ▁▁▁▄▅█▆█ | Total Deposits ($M) | $737 | $749 | $752 | $790 | $809 | $848 | $825 | $860 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |