Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.07 | 1.28% |
| Return on Equity (%) | ▼ | 15.66% | -1.15 | 16.81% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.12 | 3.98% |
| Efficiency Ratio (%) | ▲ | 59.21% | -1.88 | 61.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.24 | $2 |
| Cost of Funds (%) | ▲ | 1.00% | -0.12 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $425 | +32.78 | $392 |
| Gross Loans ($M) | ▲ | $244 | +7.78 | $237 |
| Loan Growth YoY (%) | ▼ | 62.69% | -2.59 | 65.28% |
| Total Deposits ($M) | ▲ | $386 | +27.25 | $359 |
| Shareholders Equity ($M) | ▲ | $36 | +5.24 | $31 |
| Tang. Book Value ($M) | ▲ | $36 | +5.24 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +5.72 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 62.69% | -2.59 | 65.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.75% | -0.04 | 0.79% |
| Allowance / Loans (%) | — | 1.01% | -0.03% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.37 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.25% | +0.84 | 16.41% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇███ | Net Interest Margin (%) | 3.74% | 3.73% | 3.72% | 3.98% | 4.07% | 4.14% | 4.11% | 4.10% |
| ▁▁▁█████ | Return on Assets (%) | 0.74% | 0.75% | 0.76% | 1.28% | 1.29% | 1.32% | 1.28% | 1.35% |
| ███▂▂▂▂▁ | Efficiency Ratio (%) | 73.5% | 73.9% | 73.9% | 61.1% | 61.7% | 61.9% | 62.4% | 59.2% |
| ▇█▆▄▄▅▂▁ | Cost of Funds (%) | 1.20% | 1.26% | 1.18% | 1.12% | 1.12% | 1.15% | 1.04% | 1.00% |
| ▅█▃▅▆█▁▄ | NPA / Assets (%) | 0.77% | 0.89% | 0.70% | 0.79% | 0.80% | 0.87% | 0.63% | 0.75% |
| ▇█▆▇▆▆▁▃ | Net Charge-Off Ratio (%) | 1.22% | 1.40% | 1.19% | 1.29% | 1.13% | 1.21% | 0.66% | 0.92% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $27 | $30 | $29 | $31 | $33 | $35 | $36 | $36 |
| ▂▁▁▃▆▇▅█ | Gross Loans ($M) | $234 | $233 | $232 | $237 | $240 | $242 | $239 | $244 |
| ▁▁▆▄▃▂▇█ | Total Deposits ($M) | $343 | $339 | $370 | $359 | $355 | $347 | $378 | $386 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 13% |