Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.64% | -0.07 | 1.70% |
| Return on Equity (%) | ▼ | 15.63% | -1.13 | 16.76% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.33 | 3.41% |
| Efficiency Ratio (%) | ▲ | 44.58% | -2.99 | 47.57% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.93 | $4 |
| Cost of Funds (%) | ▲ | 1.96% | -0.05 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $841 | +46.66 | $795 |
| Gross Loans ($M) | ▲ | $544 | +76.62 | $468 |
| Loan Growth YoY (%) | ▲ | 75.57% | +9.33 | 66.24% |
| Total Deposits ($M) | ▲ | $715 | +19.14 | $695 |
| Shareholders Equity ($M) | ▲ | $90 | +7.93 | $82 |
| Tang. Book Value ($M) | ▲ | $89 | +7.95 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +6.84 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 75.57% | +9.33 | 66.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.09 | 0.66% |
| Allowance / Loans (%) | — | 0.76% | -0.71% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.73% | -0.17 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.60% | -0.60 | 18.20% |
Noninterest income ($1.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 3.04% | 2.99% | 3.06% | 3.41% | 3.47% | 3.55% | 3.56% | 3.74% |
| ▁▁▄█▇▇▃▇ | Return on Assets (%) | 1.26% | 1.25% | 1.47% | 1.70% | 1.59% | 1.63% | 1.37% | 1.64% |
| ██▄▄▅▃▅▁ | Efficiency Ratio (%) | 52.5% | 52.0% | 47.7% | 47.6% | 49.0% | 47.2% | 48.7% | 44.6% |
| ▅█▆▂▁▂▁▁ | Cost of Funds (%) | 2.15% | 2.32% | 2.22% | 2.01% | 1.98% | 2.00% | 1.93% | 1.96% |
| ▁▁▁▂▂▁█▁ | NPA / Assets (%) | 0.49% | 0.53% | 0.56% | 0.66% | 0.60% | 0.49% | 1.34% | 0.57% |
| ▁▂▂▃▂▁█▂ | Net Charge-Off Ratio (%) | 0.68% | 0.78% | 0.79% | 0.90% | 0.84% | 0.50% | 1.94% | 0.73% |
| ▁▄▁▃▅█▇█ | Tang. Book Value ($M) | $76 | $82 | $77 | $82 | $84 | $91 | $88 | $89 |
| ▁▁▁▂▃▆██ | Gross Loans ($M) | $456 | $451 | $454 | $468 | $481 | $511 | $542 | $544 |
| ▁▁▂▅█▄▅█ | Total Deposits ($M) | $673 | $676 | $680 | $695 | $713 | $692 | $698 | $715 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |