Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.73% | -0.05 | 0.78% |
| Return on Equity (%) | ▼ | 8.51% | -1.38 | 9.89% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.09 | 3.18% |
| Efficiency Ratio (%) | ▼ | 73.60% | +0.96 | 72.64% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.10 | $5 |
| Cost of Funds (%) | ▲ | 1.61% | -0.09 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,925 | +91.91 | $1,833 |
| Gross Loans ($M) | ▲ | $1,491 | +40.45 | $1,451 |
| Loan Growth YoY (%) | ▼ | 90.23% | -2.86 | 93.09% |
| Total Deposits ($M) | ▲ | $1,632 | +91.96 | $1,540 |
| Shareholders Equity ($M) | ▲ | $163 | +17.33 | $146 |
| Tang. Book Value ($M) | ▲ | $157 | +16.79 | $140 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +16.80 | $150 |
| Loan / Deposit Ratio (%) | ▼ | 90.23% | -2.86 | 93.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.07 | 0.29% |
| Allowance / Loans (%) | — | 1.23% | 0.07% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.10 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.00% | +1.18 | 13.82% |
Noninterest income ($2.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 2.61% | 2.66% | 2.76% | 3.18% | 3.24% | 3.27% | 3.29% | 3.26% |
| ▁▂▃█▇██▇ | Return on Assets (%) | 0.07% | 0.22% | 0.32% | 0.78% | 0.72% | 0.80% | 0.85% | 0.73% |
| █▇▆▂▂▁▁▃ | Efficiency Ratio (%) | 85.2% | 83.1% | 80.3% | 72.6% | 72.5% | 70.4% | 68.8% | 73.6% |
| ▇█▄▂▁▃▂▁ | Cost of Funds (%) | 2.01% | 2.08% | 1.84% | 1.70% | 1.61% | 1.73% | 1.67% | 1.61% |
| ▁▁▁▅▇▅█▇ | NPA / Assets (%) | 0.19% | 0.16% | 0.17% | 0.29% | 0.36% | 0.31% | 0.41% | 0.37% |
| ▁▁▁▅▆▅█▇ | Net Charge-Off Ratio (%) | 0.25% | 0.21% | 0.21% | 0.37% | 0.43% | 0.39% | 0.52% | 0.47% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $129 | $134 | $135 | $140 | $144 | $150 | $154 | $157 |
| ▁▂▅▆██▇█ | Gross Loans ($M) | $1,360 | $1,395 | $1,445 | $1,451 | $1,503 | $1,504 | $1,484 | $1,491 |
| ▁▆▃▅▂█▆█ | Total Deposits ($M) | $1,444 | $1,566 | $1,500 | $1,540 | $1,487 | $1,610 | $1,582 | $1,632 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |