Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.82 | 1.02% |
| Return on Equity (%) | ▲ | 20.78% | +7.48 | 13.30% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.61 | 3.37% |
| Efficiency Ratio (%) | ▲ | 68.10% | -11.25 | 79.35% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.89 | $4 |
| Cost of Funds (%) | ▲ | 1.74% | -0.48 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,150 | +49.83 | $1,101 |
| Gross Loans ($M) | ▲ | $809 | +37.51 | $771 |
| Loan Growth YoY (%) | ▼ | 80.11% | -0.39 | 80.50% |
| Total Deposits ($M) | ▲ | $998 | +51.79 | $947 |
| Shareholders Equity ($M) | ▲ | $102 | +15.52 | $87 |
| Tang. Book Value ($M) | ▲ | $74 | +15.52 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +16.29 | $70 |
| Loan / Deposit Ratio (%) | ▼ | 80.11% | -0.39 | 80.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.04 | 1.23% |
| Allowance / Loans (%) | — | 1.10% | -0.10% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 1.72% | +0.15 | 1.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($10.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 3.06% | 3.02% | 3.14% | 3.37% | 3.49% | 3.55% | 3.57% | 3.98% |
| ▁▂▂▄▄▄▄█ | Return on Assets (%) | 0.28% | 0.52% | 0.60% | 1.02% | 1.04% | 0.95% | 0.94% | 1.84% |
| █▇▆▅▅▅▅▁ | Efficiency Ratio (%) | 89.4% | 85.3% | 83.9% | 79.3% | 79.0% | 79.3% | 79.8% | 68.1% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 2.74% | 2.88% | 2.56% | 2.22% | 2.17% | 2.14% | 2.02% | 1.74% |
| ▄▄▁▆▇▆█▆ | NPA / Assets (%) | 1.14% | 1.14% | 0.89% | 1.23% | 1.31% | 1.24% | 1.42% | 1.27% |
| ▄▃▁▄▅▅█▆ | Net Charge-Off Ratio (%) | 1.49% | 1.49% | 1.18% | 1.57% | 1.68% | 1.65% | 2.01% | 1.72% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $48 | $60 | $55 | $58 | $60 | $69 | $75 | $74 |
| ██▄▃▁▁▃█ | Gross Loans ($M) | $803 | $805 | $775 | $771 | $751 | $751 | $771 | $809 |
| ▁▂▄▂▃▃█▆ | Total Deposits ($M) | $935 | $951 | $980 | $947 | $968 | $968 | $1,029 | $998 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 29% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 11% |