Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.84% | -0.30 | 3.15% |
| Return on Equity (%) | ▼ | 29.03% | -1.16 | 30.19% |
| Net Interest Margin (%) | ▼ | 5.19% | -0.81 | 6.00% |
| Efficiency Ratio (%) | ▲ | 54.53% | -3.06 | 57.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $2 |
| Cost of Funds (%) | ▼ | 1.14% | +0.35 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $331 | +42.51 | $289 |
| Gross Loans ($M) | ▲ | $229 | +18.18 | $211 |
| Loan Growth YoY (%) | ▼ | 77.18% | -4.82 | 82.01% |
| Total Deposits ($M) | ▲ | $292 | +39.46 | $253 |
| Shareholders Equity ($M) | ▲ | $33 | +1.38 | $32 |
| Tang. Book Value ($M) | ▲ | $33 | +1.38 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +1.59 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 77.18% | -4.82 | 82.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +1.37 | 0.76% |
| Allowance / Loans (%) | — | 1.47% | -0.17% | 1.64% |
| Net Charge-Off Ratio (%) | ▼ | 2.52% | +2.21 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.89% | -0.66 | 13.55% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇████▇▆▁ | Net Interest Margin (%) | 5.88% | 6.05% | 6.08% | 6.00% | 6.02% | 5.93% | 5.80% | 5.19% |
| ▅▆█▆▆▆▁▂ | Return on Assets (%) | 3.13% | 3.23% | 3.42% | 3.15% | 3.21% | 3.14% | 2.68% | 2.84% |
| ▂▂▁█▆▆▇▃ | Efficiency Ratio (%) | 53.7% | 53.4% | 52.7% | 57.6% | 55.8% | 55.9% | 56.5% | 54.5% |
| ▁▂▂▃▃▅▇█ | Cost of Funds (%) | 0.58% | 0.66% | 0.70% | 0.79% | 0.77% | 0.91% | 1.03% | 1.14% |
| ▁▁▁▁█▇▅▇ | NPA / Assets (%) | 0.59% | 0.69% | 0.59% | 0.76% | 2.57% | 2.24% | 1.79% | 2.13% |
| ▁▁▁▁██▆█ | Net Charge-Off Ratio (%) | 0.12% | 0.26% | 0.11% | 0.31% | 2.75% | 2.63% | 2.00% | 2.52% |
| ▂▅▁▆▇█▄█ | Tang. Book Value ($M) | $29 | $31 | $29 | $31 | $32 | $32 | $31 | $33 |
| ▁▁▁▂▃▅▆█ | Gross Loans ($M) | $207 | $205 | $208 | $211 | $214 | $218 | $222 | $229 |
| ▃▂▃▂▁▆▇█ | Total Deposits ($M) | $260 | $258 | $260 | $253 | $247 | $279 | $286 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 47% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 7% |