Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.10 | 0.29% |
| Return on Equity (%) | ▲ | 3.99% | +0.91 | 3.08% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.36 | 2.68% |
| Efficiency Ratio (%) | ▲ | 81.39% | -7.12 | 88.50% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.53 | $1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.37 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $824 | -19.50 | $844 |
| Gross Loans ($M) | ▼ | $676 | -16.74 | $692 |
| Loan Growth YoY (%) | ▼ | 98.27% | -0.35 | 98.62% |
| Total Deposits ($M) | ▼ | $679 | -14.41 | $693 |
| Shareholders Equity ($M) | ▲ | $81 | +0.91 | $80 |
| Tang. Book Value ($M) | ▲ | $81 | +0.95 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +0.78 | $86 |
| Loan / Deposit Ratio (%) | ▼ | 98.27% | -0.35 | 98.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.09% | +0.41 | 0.68% |
| Allowance / Loans (%) | — | 1.29% | 0.01% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +0.50 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.11% | +0.16 | 11.96% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▅▅▆█ | Net Interest Margin (%) | 2.44% | 2.53% | 2.54% | 2.68% | 2.75% | 2.80% | 2.83% | 3.03% |
| █▇▅▁▁▂▁▂ | Return on Assets (%) | 1.02% | 0.88% | 0.74% | 0.29% | 0.36% | 0.42% | 0.30% | 0.39% |
| ▁▂▄█▇▇▇▆ | Efficiency Ratio (%) | 68.0% | 72.4% | 76.4% | 88.5% | 85.9% | 84.5% | 84.8% | 81.4% |
| ██▇▄▄▃▃▁ | Cost of Funds (%) | 3.03% | 2.99% | 2.86% | 2.62% | 2.61% | 2.45% | 2.47% | 2.25% |
| ▁▁▁▁█▅▅▄ | NPA / Assets (%) | 0.69% | 0.67% | 0.69% | 0.68% | 1.56% | 1.18% | 1.20% | 1.09% |
| ▁▁▁▁█▅▅▄ | Net Charge-Off Ratio (%) | 0.80% | 0.78% | 0.81% | 0.83% | 1.92% | 1.47% | 1.46% | 1.33% |
| ▅█▁▂▄▆▃▃ | Tang. Book Value ($M) | $82 | $86 | $78 | $80 | $81 | $83 | $80 | $81 |
| █▇▆▄▂▁▂▂ | Gross Loans ($M) | $737 | $727 | $710 | $692 | $673 | $663 | $675 | $676 |
| █▇▃▃▂▃▁▂ | Total Deposits ($M) | $777 | $755 | $694 | $693 | $685 | $702 | $663 | $679 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 18% |