Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.07 | 0.71% |
| Return on Equity (%) | ▼ | 8.38% | -0.07 | 8.45% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.35 | 3.21% |
| Efficiency Ratio (%) | ▲ | 73.89% | -3.08 | 76.96% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.22 | $4 |
| Cost of Funds (%) | ▲ | 0.92% | -0.06 | 0.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,970 | +120.63 | $1,849 |
| Gross Loans ($M) | ▲ | $1,177 | +5.28 | $1,171 |
| Loan Growth YoY (%) | ▼ | 65.74% | -3.52 | 69.26% |
| Total Deposits ($M) | ▲ | $1,768 | +97.15 | $1,671 |
| Shareholders Equity ($M) | ▲ | $187 | +23.41 | $163 |
| Tang. Book Value ($M) | ▲ | $185 | +23.61 | $162 |
| TBV excl. AOCI ($M)** | ▲ | $209 | +24.19 | $185 |
| Loan / Deposit Ratio (%) | ▼ | 65.74% | -3.52 | 69.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.15 | 0.40% |
| Allowance / Loans (%) | — | 1.22% | 0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.33 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆███ | Net Interest Margin (%) | 2.74% | 2.80% | 2.89% | 3.21% | 3.31% | 3.47% | 3.50% | 3.56% |
| ▁▁▁▆▅███ | Return on Assets (%) | 0.60% | 0.61% | 0.59% | 0.71% | 0.70% | 0.76% | 0.78% | 0.78% |
| █▇▂█▆▃▁▁ | Efficiency Ratio (%) | 77.3% | 76.6% | 74.2% | 77.0% | 76.0% | 74.9% | 73.7% | 73.9% |
| ██▆▂▁▁▁▁ | Cost of Funds (%) | 1.24% | 1.22% | 1.11% | 0.98% | 0.92% | 0.90% | 0.89% | 0.92% |
| ▄▄▇▇█▁▃▃ | NPA / Assets (%) | 0.31% | 0.29% | 0.39% | 0.40% | 0.45% | 0.17% | 0.27% | 0.25% |
| ▅▄▇▇█▁▄▁ | Net Charge-Off Ratio (%) | 0.52% | 0.49% | 0.63% | 0.63% | 0.72% | 0.29% | 0.46% | 0.29% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $141 | $160 | $152 | $162 | $169 | $179 | $184 | $185 |
| ▇██▆▂▁▄▇ | Gross Loans ($M) | $1,176 | $1,181 | $1,179 | $1,171 | $1,159 | $1,153 | $1,167 | $1,177 |
| ▁▁▅▂▁▅█▆ | Total Deposits ($M) | $1,665 | $1,651 | $1,741 | $1,671 | $1,668 | $1,740 | $1,807 | $1,768 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 3% |