Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.01% | -1.61 | 1.61% |
| Return on Equity (%) | ▼ | 0.09% | -17.03 | 17.12% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.02 | 4.12% |
| Efficiency Ratio (%) | ▲ | 65.38% | -8.82 | 74.20% |
| Pre-Provision Profit ($M) | ▲ | $7 | +3.10 | $4 |
| Cost of Funds (%) | ▲ | 1.44% | -0.42 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,586 | +367.32 | $1,218 |
| Gross Loans ($M) | ▲ | $1,037 | +126.02 | $911 |
| Loan Growth YoY (%) | ▼ | 70.47% | -12.19 | 82.65% |
| Total Deposits ($M) | ▲ | $1,457 | +365.24 | $1,091 |
| Shareholders Equity ($M) | ▲ | $117 | +1.14 | $116 |
| Tang. Book Value ($M) | ▲ | $117 | +1.14 | $116 |
| Loan / Deposit Ratio (%) | ▼ | 70.47% | -12.19 | 82.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.05 | 0.07% |
| Allowance / Loans (%) | — | 1.05% | 0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.10 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.52% | -2.02 | 12.54% |
Noninterest income ($6.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▄▂▃▁ | Net Interest Margin (%) | 4.50% | 4.47% | 4.42% | 4.12% | 4.28% | 4.18% | 4.22% | 4.14% |
| ██████▇▁ | Return on Assets (%) | 1.45% | 1.63% | 1.64% | 1.61% | 1.53% | 1.46% | 1.33% | 0.01% |
| ▅▅▄██▇▅▁ | Efficiency Ratio (%) | 70.5% | 70.3% | 69.2% | 74.2% | 73.5% | 72.7% | 70.6% | 65.4% |
| ▆▇█▆▆▄▃▁ | Cost of Funds (%) | 1.90% | 1.95% | 2.09% | 1.86% | 1.90% | 1.73% | 1.68% | 1.44% |
| ▁▁▁▁▂▂█▁ | NPA / Assets (%) | 0.08% | 0.07% | 0.07% | 0.07% | 0.13% | 0.13% | 0.51% | 0.12% |
| ▁▁▁▁▂▂█▂ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.11% | 0.09% | 0.19% | 0.20% | 0.78% | 0.19% |
| ▁▃▄▆▇█▇▇ | Tang. Book Value ($M) | $110 | $112 | $113 | $116 | $116 | $118 | $117 | $117 |
| ▁▁▁▄▄▇██ | Gross Loans ($M) | $810 | $830 | $809 | $911 | $905 | $1,002 | $1,020 | $1,037 |
| ▁▂▂▂▃▇██ | Total Deposits ($M) | $993 | $1,078 | $1,091 | $1,091 | $1,136 | $1,377 | $1,412 | $1,457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 16% |
| Consumer | 2% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 3% |