Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.41 | 0.04% |
| Return on Equity (%) | ▲ | 3.46% | +3.12 | 0.34% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.13 | 3.09% |
| Efficiency Ratio (%) | ▲ | 89.93% | -4.23 | 94.17% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $0 |
| Cost of Funds (%) | ▲ | 1.31% | -0.05 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $925 | +46.06 | $879 |
| Gross Loans ($M) | ▲ | $658 | +29.81 | $628 |
| Loan Growth YoY (%) | ▼ | 87.57% | -0.92 | 88.50% |
| Total Deposits ($M) | ▲ | $743 | +41.45 | $702 |
| Shareholders Equity ($M) | ▲ | $122 | +8.82 | $113 |
| Tang. Book Value ($M) | ▲ | $107 | +8.91 | $99 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +9.94 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 87.57% | -0.92 | 88.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.08 | 1.00% |
| Allowance / Loans (%) | — | 1.07% | -0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.25 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.99% | -0.25 | 19.24% |
Noninterest income ($1.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.06% | 2.99% | 3.02% | 3.09% | 3.11% | 3.14% | 3.16% | 3.22% |
| ██▇▁▅▇▆▄ | Return on Assets (%) | 0.90% | 0.95% | 0.81% | 0.04% | 0.61% | 0.74% | 0.72% | 0.45% |
| ▇████▅▄▁ | Efficiency Ratio (%) | 93.4% | 94.2% | 94.0% | 94.2% | 93.9% | 92.2% | 91.8% | 89.9% |
| ▁▆▆▇██▆▅ | Cost of Funds (%) | 1.19% | 1.33% | 1.34% | 1.36% | 1.40% | 1.37% | 1.33% | 1.31% |
| █▇▄▂▁▂▃▅ | NPA / Assets (%) | 1.19% | 1.14% | 1.07% | 1.00% | 0.95% | 1.00% | 1.02% | 1.08% |
| █▇▁▁▁▂▂▃ | Net Charge-Off Ratio (%) | 1.57% | 1.37% | 0.56% | 0.47% | 0.43% | 0.58% | 0.67% | 0.72% |
| ▁▃▂▃▅▇██ | Tang. Book Value ($M) | $94 | $99 | $97 | $99 | $102 | $105 | $106 | $107 |
| ▁▁▅▁▃▄▇█ | Gross Loans ($M) | $629 | $626 | $643 | $628 | $635 | $638 | $652 | $658 |
| ▁▃▅▄▄▅█▇ | Total Deposits ($M) | $662 | $697 | $717 | $702 | $702 | $722 | $762 | $743 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |