Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.26% | -0.03 | 0.29% |
| Return on Equity (%) | ▼ | 2.80% | -0.38 | 3.18% |
| Net Interest Margin (%) | ▼ | 4.47% | -0.20 | 4.66% |
| Efficiency Ratio (%) | ▼ | 91.97% | +0.62 | 91.36% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.06 | $3 |
| Cost of Funds (%) | ▼ | 0.61% | +0.11 | 0.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,734 | +195.97 | $2,538 |
| Gross Loans ($M) | ▲ | $1,804 | +17.83 | $1,786 |
| Loan Growth YoY (%) | ▼ | 71.70% | -5.20 | 76.91% |
| Total Deposits ($M) | ▲ | $2,471 | +178.43 | $2,293 |
| Shareholders Equity ($M) | ▲ | $254 | +17.47 | $236 |
| Tang. Book Value ($M) | ▲ | $247 | +17.99 | $229 |
| TBV excl. AOCI ($M)** | ▲ | $281 | +22.87 | $258 |
| Loan / Deposit Ratio (%) | ▼ | 71.70% | -5.20 | 76.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.05 | 0.67% |
| Allowance / Loans (%) | — | 1.79% | 0.50% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.12 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($13.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▆██▆▄▁ | Net Interest Margin (%) | 4.63% | 4.57% | 4.61% | 4.66% | 4.65% | 4.61% | 4.56% | 4.47% |
| █▇█▂█▅█▁ | Return on Assets (%) | 0.38% | 0.37% | 0.39% | 0.29% | 0.39% | 0.33% | 0.39% | 0.26% |
| ▁▄▂▇▂▄▂█ | Efficiency Ratio (%) | 88.7% | 90.1% | 89.2% | 91.4% | 89.1% | 90.0% | 89.1% | 92.0% |
| ▃█▃▁▁▂▃▃ | Cost of Funds (%) | 0.62% | 0.84% | 0.58% | 0.50% | 0.53% | 0.57% | 0.59% | 0.61% |
| ▁▁▁▆▇█▇▆ | NPA / Assets (%) | 0.22% | 0.27% | 0.26% | 0.67% | 0.75% | 0.92% | 0.77% | 0.71% |
| ▁▁▁▅▆█▇▆ | Net Charge-Off Ratio (%) | 0.34% | 0.38% | 0.36% | 0.93% | 1.05% | 1.31% | 1.13% | 1.05% |
| ▁▄▂▅▆███ | Tang. Book Value ($M) | $206 | $223 | $215 | $229 | $235 | $243 | $248 | $247 |
| ▁▄▇██▇▇█ | Gross Loans ($M) | $1,597 | $1,677 | $1,755 | $1,786 | $1,787 | $1,778 | $1,778 | $1,804 |
| ▃▁▄▅▅▅██ | Total Deposits ($M) | $2,200 | $2,068 | $2,256 | $2,293 | $2,300 | $2,308 | $2,453 | $2,471 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 7% |
| Consumer | 17% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 63% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 3% |