Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.26% | -0.42 | 1.68% |
| Return on Equity (%) | ▼ | 11.88% | -3.82 | 15.70% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.21 | 3.80% |
| Efficiency Ratio (%) | ▼ | 64.20% | +8.28 | 55.92% |
| Pre-Provision Profit ($M) | ▼ | $6 | -1.27 | $7 |
| Cost of Funds (%) | ▲ | 2.04% | -0.36 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,523 | +163.99 | $1,359 |
| Gross Loans ($M) | ▲ | $1,153 | +129.80 | $1,023 |
| Loan Growth YoY (%) | ▲ | 86.43% | +1.40 | 85.03% |
| Total Deposits ($M) | ▲ | $1,323 | +129.70 | $1,194 |
| Shareholders Equity ($M) | ▲ | $165 | +8.71 | $156 |
| Tang. Book Value ($M) | ▲ | $163 | +9.39 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $172 | +10.67 | $161 |
| Loan / Deposit Ratio (%) | ▲ | 86.43% | +1.40 | 85.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.38% | +0.03 | 1.35% |
| Allowance / Loans (%) | — | 0.78% | -0.00% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 1.24% | -0.56 | 1.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▁▆██▅ | Net Interest Margin (%) | 3.95% | 3.86% | 3.77% | 3.80% | 4.07% | 4.19% | 4.20% | 4.02% |
| ██▁██▆▁▁ | Return on Assets (%) | 1.74% | 1.68% | 1.22% | 1.68% | 1.68% | 1.57% | 1.24% | 1.26% |
| ▁▁▅▁▁▂▆█ | Efficiency Ratio (%) | 55.6% | 55.5% | 60.7% | 55.9% | 56.2% | 56.8% | 61.2% | 64.2% |
| ██▆█▅▃▁▁ | Cost of Funds (%) | 2.43% | 2.42% | 2.31% | 2.41% | 2.24% | 2.14% | 2.07% | 2.04% |
| ▁▁▅█▆▅▆█ | NPA / Assets (%) | 0.75% | 0.79% | 1.08% | 1.35% | 1.20% | 1.07% | 1.21% | 1.38% |
| ▁▁▅█▆▅▂▃ | Net Charge-Off Ratio (%) | 0.98% | 1.08% | 1.47% | 1.80% | 1.59% | 1.43% | 1.18% | 1.24% |
| ▁▄▅▇▇█▇█ | Tang. Book Value ($M) | $111 | $135 | $141 | $153 | $154 | $157 | $156 | $163 |
| ▁▂▆▅▆▆██ | Gross Loans ($M) | $832 | $873 | $1,053 | $1,023 | $1,037 | $1,069 | $1,131 | $1,153 |
| ▁▃█▅▅▆██ | Total Deposits ($M) | $977 | $1,068 | $1,294 | $1,194 | $1,171 | $1,226 | $1,330 | $1,323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 21% |