Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +1.76 | 0.22% |
| Return on Equity (%) | ▲ | 32.51% | +28.32 | 4.19% |
| Net Interest Margin (%) | ▼ | 1.93% | -1.30 | 3.23% |
| Efficiency Ratio (%) | ▲ | 29.09% | -48.97 | 78.06% |
| Pre-Provision Profit ($M) | ▲ | $7 | +5.81 | $1 |
| Cost of Funds (%) | ▼ | 3.35% | +0.50 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,282 | +241.86 | $1,040 |
| Gross Loans ($M) | ▼ | $80 | -48.12 | $128 |
| Loan Growth YoY (%) | ▼ | 6.47% | -6.04 | 12.51% |
| Total Deposits ($M) | ▲ | $1,203 | +223.64 | $980 |
| Shareholders Equity ($M) | ▲ | $74 | +17.90 | $57 |
| Tang. Book Value ($M) | ▲ | $74 | +17.90 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $131 | +29.72 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 6.47% | -6.04 | 12.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.02 | 0.12% |
| Allowance / Loans (%) | — | 2.38% | -1.81% | 4.19% |
| Net Charge-Off Ratio (%) | ▼ | 2.11% | +1.18 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.69% | +0.69 | 20.00% |
Noninterest income ($3.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▅▅▄▁ | Net Interest Margin (%) | 3.76% | 3.80% | 3.70% | 3.23% | 3.06% | 2.92% | 2.70% | 1.93% |
| ▄▂▅▁▁▂▃█ | Return on Assets (%) | 1.04% | 0.51% | 1.23% | 0.22% | 0.36% | 0.61% | 0.67% | 1.97% |
| ▁▂▂█▅▅▄▂ | Efficiency Ratio (%) | 20.5% | 28.2% | 32.2% | 78.1% | 52.9% | 51.2% | 48.7% | 29.1% |
| ▁▁▁▂▆▇██ | Cost of Funds (%) | 2.72% | 2.68% | 2.75% | 2.85% | 3.20% | 3.22% | 3.38% | 3.35% |
| ██▅▂▁▁▁▃ | NPA / Assets (%) | 0.23% | 0.23% | 0.18% | 0.12% | 0.11% | 0.09% | 0.09% | 0.13% |
| ▂▂▂▁▁▁▃█ | Net Charge-Off Ratio (%) | 1.10% | 1.18% | 1.09% | 0.94% | 1.04% | 1.02% | 1.24% | 2.11% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $37 | $48 | $43 | $57 | $60 | $72 | $78 | $74 |
| ██▆▅▄▃▁▁ | Gross Loans ($M) | $167 | $157 | $144 | $128 | $116 | $103 | $90 | $80 |
| ▁▁▂▅▆▇▇█ | Total Deposits ($M) | $745 | $770 | $850 | $980 | $1,063 | $1,098 | $1,142 | $1,203 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 23% |
| C&I / Commercial | 9% |
| Consumer | 51% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 8% |
| Brokered / Other | 90% |