Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.10 | 0.84% |
| Return on Equity (%) | ▼ | 8.78% | -1.34 | 10.12% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.15 | 3.34% |
| Efficiency Ratio (%) | ▲ | 72.66% | -1.33 | 73.99% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.44 | $3 |
| Cost of Funds (%) | ▼ | 2.01% | +0.03 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,080 | +44.15 | $1,036 |
| Gross Loans ($M) | ▲ | $894 | +65.83 | $828 |
| Loan Growth YoY (%) | ▲ | 102.96% | +6.01 | 96.95% |
| Total Deposits ($M) | ▲ | $859 | +12.93 | $846 |
| Shareholders Equity ($M) | ▲ | $90 | +5.49 | $85 |
| Tang. Book Value ($M) | ▲ | $84 | +5.77 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +5.86 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 102.96% | +6.01 | 96.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.26 | 0.25% |
| Allowance / Loans (%) | — | 1.05% | 0.12% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.31 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.11% | -0.06 | 11.17% |
Noninterest income ($3.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.02% | 3.04% | 3.10% | 3.34% | 3.42% | 3.47% | 3.47% | 3.49% |
| ▁▂▄█▇██▄ | Return on Assets (%) | 0.66% | 0.68% | 0.74% | 0.84% | 0.83% | 0.85% | 0.85% | 0.73% |
| █▇▅▃▁▁▁▁ | Efficiency Ratio (%) | 76.2% | 75.7% | 74.8% | 74.0% | 72.8% | 72.7% | 72.9% | 72.7% |
| ▇█▆▁▂▃▃▁ | Cost of Funds (%) | 2.30% | 2.37% | 2.25% | 1.98% | 2.06% | 2.12% | 2.11% | 2.01% |
| ▃▁▂▁▅▃██ | NPA / Assets (%) | 0.34% | 0.27% | 0.30% | 0.25% | 0.39% | 0.32% | 0.50% | 0.51% |
| ▄▁▂▁▄▂██ | Net Charge-Off Ratio (%) | 0.44% | 0.34% | 0.37% | 0.31% | 0.47% | 0.39% | 0.61% | 0.62% |
| ▁▄▃▅▄▇██ | Tang. Book Value ($M) | $72 | $77 | $75 | $78 | $78 | $81 | $83 | $84 |
| ▁▂▂▃▆▆▇█ | Gross Loans ($M) | $791 | $805 | $808 | $828 | $857 | $864 | $878 | $894 |
| ▂▁▁▇▇▄▇█ | Total Deposits ($M) | $795 | $781 | $787 | $846 | $848 | $816 | $843 | $859 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |