Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +1.20 | 0.74% |
| Return on Equity (%) | ▲ | 12.82% | +7.87 | 4.95% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.29 | 3.74% |
| Efficiency Ratio (%) | ▲ | 70.61% | -14.64 | 85.25% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.55 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.15 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $557 | +14.64 | $543 |
| Gross Loans ($M) | ▲ | $449 | +1.61 | $448 |
| Loan Growth YoY (%) | ▼ | 104.79% | -5.45 | 110.23% |
| Total Deposits ($M) | ▲ | $423 | +22.61 | $400 |
| Shareholders Equity ($M) | ▲ | $83 | +1.96 | $81 |
| Tang. Book Value ($M) | ▲ | $79 | +3.73 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +3.87 | $77 |
| Loan / Deposit Ratio (%) | ▼ | 104.79% | -5.45 | 110.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.07 | 0.28% |
| Allowance / Loans (%) | — | 1.41% | -0.07% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.04 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.79% | -0.24 | 16.03% |
Noninterest income ($8.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▅▆██ | Net Interest Margin (%) | 3.66% | 3.72% | 3.77% | 3.74% | 3.86% | 3.93% | 4.00% | 4.04% |
| ▃▄▄▁▃▄▄█ | Return on Assets (%) | 1.18% | 1.25% | 1.26% | 0.74% | 1.05% | 1.22% | 1.31% | 1.94% |
| ▄▄▅█▆▅▅▁ | Efficiency Ratio (%) | 77.8% | 77.6% | 79.1% | 85.3% | 81.0% | 79.1% | 78.3% | 70.6% |
| ▆██▅▄▄▄▁ | Cost of Funds (%) | 1.88% | 1.98% | 1.94% | 1.84% | 1.81% | 1.81% | 1.82% | 1.69% |
| ▅▁▂▃█▆▄▄ | NPA / Assets (%) | 0.38% | 0.17% | 0.22% | 0.28% | 0.58% | 0.45% | 0.32% | 0.35% |
| ▄▁▂▃█▆▃▃ | Net Charge-Off Ratio (%) | 0.44% | 0.20% | 0.27% | 0.34% | 0.72% | 0.57% | 0.35% | 0.38% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $72 | $74 | $74 | $75 | $76 | $78 | $80 | $79 |
| █▆▃▃▂▁▂▃ | Gross Loans ($M) | $475 | $464 | $449 | $448 | $443 | $436 | $444 | $449 |
| ▁▅▂▄▅▅██ | Total Deposits ($M) | $385 | $407 | $391 | $400 | $407 | $407 | $423 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |