Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +0.19 | 2.01% |
| Return on Equity (%) | ▲ | 15.14% | +0.56 | 14.58% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.02 | 3.99% |
| Efficiency Ratio (%) | ▲ | 37.03% | -1.27 | 38.30% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.38 | $10 |
| Cost of Funds (%) | ▲ | 1.31% | -0.34 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,328 | -14.04 | $1,342 |
| Gross Loans ($M) | ▼ | $1,039 | -33.34 | $1,072 |
| Loan Growth YoY (%) | ▼ | 92.24% | -0.92 | 93.16% |
| Total Deposits ($M) | ▼ | $1,112 | -24.56 | $1,137 |
| Shareholders Equity ($M) | ▲ | $201 | +8.59 | $193 |
| Tang. Book Value ($M) | ▲ | $201 | +8.59 | $193 |
| TBV excl. AOCI ($M)** | ▲ | $204 | +7.81 | $196 |
| Loan / Deposit Ratio (%) | ▼ | 92.24% | -0.92 | 93.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.24 | 0.00% |
| Allowance / Loans (%) | — | 1.28% | 0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.30 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.11% | +1.40 | 16.71% |
Noninterest income ($2.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃█████ | Net Interest Margin (%) | 3.27% | 3.44% | 3.49% | 3.99% | 3.99% | 4.05% | 4.01% | 4.01% |
| ▂▃▁▆████ | Return on Assets (%) | 1.73% | 1.83% | 1.62% | 2.01% | 2.15% | 2.18% | 2.15% | 2.20% |
| ▅▅█▂▁▁▁▁ | Efficiency Ratio (%) | 41.7% | 41.1% | 46.0% | 38.3% | 36.1% | 36.9% | 37.2% | 37.0% |
| ██▄▅▄▄▁▁ | Cost of Funds (%) | 1.94% | 1.97% | 1.60% | 1.65% | 1.60% | 1.64% | 1.31% | 1.31% |
| ▁▁▁▁▄██▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.53% | 0.49% | 0.24% |
| ▁▁▁▁▄██▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.69% | 0.69% | 0.30% |
| ▁▂▂▃▇█▇▇ | Tang. Book Value ($M) | $187 | $191 | $190 | $193 | $201 | $204 | $201 | $201 |
| ▁▃▄█▆▄▃▅ | Gross Loans ($M) | $991 | $1,016 | $1,028 | $1,072 | $1,047 | $1,030 | $1,013 | $1,039 |
| ▁▂█▃▁▁█▁ | Total Deposits ($M) | $1,101 | $1,121 | $1,231 | $1,137 | $1,098 | $1,107 | $1,224 | $1,112 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 41% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 3% |