Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.00% | +0.76 | -0.76% |
| Return on Equity (%) | ▲ | 0.01% | +5.59 | -5.58% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.26 | 3.57% |
| Efficiency Ratio (%) | ▲ | 89.37% | -3.86 | 93.23% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $1 |
| Cost of Funds (%) | ▲ | 1.14% | -0.11 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $775 | +20.55 | $754 |
| Gross Loans ($M) | ▲ | $419 | +12.56 | $406 |
| Loan Growth YoY (%) | ▲ | 66.81% | +5.35 | 61.45% |
| Total Deposits ($M) | ▼ | $608 | -34.39 | $642 |
| Shareholders Equity ($M) | ▲ | $107 | +3.85 | $103 |
| Tang. Book Value ($M) | ▲ | $107 | +3.85 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +5.23 | $116 |
| Loan / Deposit Ratio (%) | ▲ | 66.81% | +5.35 | 61.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.44% | +1.70 | 1.73% |
| Allowance / Loans (%) | — | 3.00% | 0.19% | 2.81% |
| Net Charge-Off Ratio (%) | ▼ | 6.36% | +3.22 | 3.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 24.93% | -0.70 | 25.63% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▄▄▄▆ | Net Interest Margin (%) | 3.86% | 3.92% | 3.90% | 3.57% | 3.71% | 3.74% | 3.74% | 3.83% |
| ▇██▁▃▇▆▇ | Return on Assets (%) | -0.01% | 0.18% | 0.14% | -0.76% | -0.44% | -0.03% | -0.09% | 0.00% |
| █▄▃▅▄▄▄▁ | Efficiency Ratio (%) | 96.1% | 92.2% | 91.3% | 93.2% | 92.3% | 92.5% | 92.5% | 89.4% |
| ▁█▆▅▆▃▄▁ | Cost of Funds (%) | 1.13% | 1.33% | 1.26% | 1.25% | 1.26% | 1.20% | 1.21% | 1.14% |
| ▂▁▃▂▄▇██ | NPA / Assets (%) | 1.82% | 1.36% | 1.97% | 1.73% | 2.30% | 3.02% | 3.20% | 3.44% |
| ▂▁▃▂▄▆██ | Net Charge-Off Ratio (%) | 3.34% | 2.52% | 3.56% | 3.15% | 4.08% | 5.35% | 5.97% | 6.36% |
| ▁▇▃▄▅███ | Tang. Book Value ($M) | $99 | $106 | $102 | $103 | $104 | $107 | $108 | $107 |
| ▁▁▅▅██▇█ | Gross Loans ($M) | $390 | $390 | $407 | $406 | $417 | $417 | $412 | $419 |
| ▅▆██▇▅▁▁ | Total Deposits ($M) | $628 | $632 | $644 | $642 | $636 | $627 | $605 | $608 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |