Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.17 | 0.99% |
| Return on Equity (%) | ▲ | 11.17% | +1.24 | 9.93% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.16 | 4.04% |
| Efficiency Ratio (%) | ▲ | 60.88% | -3.00 | 63.88% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.85 | $4 |
| Cost of Funds (%) | ▲ | 1.00% | -0.26 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,164 | +113.42 | $1,051 |
| Gross Loans ($M) | ▲ | $629 | +40.93 | $589 |
| Loan Growth YoY (%) | ▼ | 60.07% | -2.08 | 62.15% |
| Total Deposits ($M) | ▲ | $1,035 | +98.83 | $936 |
| Shareholders Equity ($M) | ▲ | $120 | +12.89 | $107 |
| Tang. Book Value ($M) | ▲ | $101 | +12.44 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +14.21 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 60.07% | -2.08 | 62.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.04 | 0.21% |
| Allowance / Loans (%) | — | 1.24% | 0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.03 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.96% | +0.40 | 16.57% |
Noninterest income ($2.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▇██ | Net Interest Margin (%) | 3.94% | 3.96% | 4.00% | 4.04% | 4.10% | 4.18% | 4.22% | 4.20% |
| ▆▆▆▁▃▆▇█ | Return on Assets (%) | 1.12% | 1.12% | 1.12% | 0.99% | 1.05% | 1.12% | 1.13% | 1.17% |
| ▇▇█▇▇▅█▁ | Efficiency Ratio (%) | 64.0% | 64.1% | 64.9% | 63.9% | 64.1% | 63.3% | 64.5% | 60.9% |
| ▆██▇▄▄▁▁ | Cost of Funds (%) | 1.24% | 1.34% | 1.34% | 1.26% | 1.15% | 1.16% | 1.01% | 1.00% |
| ▇█▃▆▇▃▁▄ | NPA / Assets (%) | 0.23% | 0.25% | 0.17% | 0.21% | 0.22% | 0.16% | 0.12% | 0.17% |
| ▇█▃▆▆▂▁▅ | Net Charge-Off Ratio (%) | 0.27% | 0.31% | 0.13% | 0.22% | 0.23% | 0.10% | 0.06% | 0.19% |
| ▁▄▂▄▅███ | Tang. Book Value ($M) | $80 | $88 | $84 | $89 | $92 | $99 | $99 | $101 |
| ▁▂▂▄▄▅██ | Gross Loans ($M) | $561 | $571 | $576 | $589 | $594 | $604 | $628 | $629 |
| ▁▁▂▃▃▁▅█ | Total Deposits ($M) | $901 | $905 | $919 | $936 | $940 | $916 | $978 | $1,035 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 2% |