Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.17 | 1.19% |
| Return on Equity (%) | ▼ | 14.86% | -2.99 | 17.85% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.13 | 3.18% |
| Efficiency Ratio (%) | ▲ | 56.87% | -4.43 | 61.30% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.78 | $4 |
| Cost of Funds (%) | ▼ | 0.23% | +0.02 | 0.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,157 | +30.26 | $1,126 |
| Gross Loans ($M) | ▲ | $508 | +41.04 | $467 |
| Loan Growth YoY (%) | ▲ | 51.89% | +3.60 | 48.29% |
| Total Deposits ($M) | ▲ | $972 | +11.60 | $961 |
| Shareholders Equity ($M) | ▲ | $106 | +26.36 | $80 |
| Tang. Book Value ($M) | ▲ | $106 | +26.36 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +24.51 | $108 |
| Loan / Deposit Ratio (%) | ▲ | 51.89% | +3.60 | 48.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 0.71% | 0.04% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.22% | +0.40 | 26.82% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▂▃▆▁▃█ | Net Interest Margin (%) | 3.16% | 3.14% | 3.15% | 3.18% | 3.25% | 3.11% | 3.16% | 3.32% |
| █▃▄▃▁▂▂█ | Return on Assets (%) | 1.35% | 1.19% | 1.23% | 1.19% | 1.11% | 1.16% | 1.16% | 1.36% |
| ▄▇▅▆█▆▅▁ | Efficiency Ratio (%) | 59.4% | 61.7% | 60.5% | 61.3% | 63.2% | 60.9% | 60.3% | 56.9% |
| ▁▁▃▂▁█▃▂ | Cost of Funds (%) | 0.15% | 0.20% | 0.30% | 0.22% | 0.16% | 0.63% | 0.30% | 0.23% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.21% | 0.21% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.55% | 0.52% | 0.01% | 0.02% | 0.01% | 0.01% | 0.00% | 0.00% |
| ▁▄▂▄▅▆██ | Tang. Book Value ($M) | $59 | $80 | $70 | $80 | $84 | $93 | $105 | $106 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $443 | $450 | $457 | $467 | $476 | $491 | $505 | $508 |
| █▂▁▄▆▁▃▅ | Total Deposits ($M) | $995 | $944 | $936 | $961 | $978 | $935 | $957 | $972 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 52% |
| Interest-Bearing (core) | 47% |