Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.14 | 0.55% |
| Return on Equity (%) | ▲ | 7.11% | +1.69 | 5.42% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.04 | 4.30% |
| Efficiency Ratio (%) | ▲ | 90.23% | -1.54 | 91.77% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.63 | $2 |
| Cost of Funds (%) | ▼ | 2.04% | +0.03 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,142 | +121.87 | $1,020 |
| Gross Loans ($M) | ▲ | $998 | +115.88 | $882 |
| Loan Growth YoY (%) | ▼ | 102.64% | -3.86 | 106.50% |
| Total Deposits ($M) | ▲ | $968 | +144.67 | $823 |
| Shareholders Equity ($M) | ▲ | $122 | +10.20 | $112 |
| Tang. Book Value ($M) | ▲ | $80 | +11.73 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +11.92 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 102.64% | -3.86 | 106.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.27 | 0.16% |
| Allowance / Loans (%) | — | 0.44% | -0.15% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.25 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($16.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▆█▂▄▅▇▄ | Net Interest Margin (%) | 4.24% | 4.42% | 4.50% | 4.30% | 4.34% | 4.40% | 4.43% | 4.34% |
| ▇██▁▅▇▇▂ | Return on Assets (%) | 1.17% | 1.23% | 1.29% | 0.55% | 0.93% | 1.11% | 1.13% | 0.69% |
| ▁▁▁█▅▃▄▇ | Efficiency Ratio (%) | 83.6% | 83.4% | 83.6% | 91.8% | 88.2% | 86.2% | 86.6% | 90.2% |
| ▂▁▃▇▃▆██ | Cost of Funds (%) | 1.87% | 1.81% | 1.90% | 2.01% | 1.89% | 1.97% | 2.06% | 2.04% |
| ▄█▁▁▂▃▃▃ | NPA / Assets (%) | 0.66% | 1.24% | 0.13% | 0.16% | 0.36% | 0.49% | 0.43% | 0.42% |
| ▄█▁▁▂▃▂▂ | Net Charge-Off Ratio (%) | 0.69% | 1.36% | 0.15% | 0.18% | 0.37% | 0.49% | 0.43% | 0.43% |
| ▁▃▂▂▄███ | Tang. Book Value ($M) | $65 | $69 | $69 | $69 | $72 | $81 | $81 | $80 |
| ▂▁▁▂▇███ | Gross Loans ($M) | $878 | $850 | $842 | $882 | $985 | $1,010 | $991 | $998 |
| ▃▃▁▄▅▇▆█ | Total Deposits ($M) | $813 | $817 | $731 | $823 | $879 | $911 | $894 | $968 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 23% |
| Brokered / Other | 30% |