Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.48% | +0.29 | 2.19% |
| Return on Equity (%) | ▲ | 16.66% | +1.13 | 15.53% |
| Net Interest Margin (%) | ▼ | 5.00% | -0.14 | 5.14% |
| Efficiency Ratio (%) | ▲ | 48.18% | -4.78 | 52.97% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.29 | $6 |
| Cost of Funds (%) | ▼ | 0.67% | +0.05 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $986 | +59.80 | $926 |
| Gross Loans ($M) | ▲ | $526 | +2.11 | $524 |
| Loan Growth YoY (%) | ▼ | 62.11% | -3.54 | 65.64% |
| Total Deposits ($M) | ▲ | $831 | +48.28 | $783 |
| Shareholders Equity ($M) | ▲ | $146 | +15.41 | $131 |
| Tang. Book Value ($M) | ▲ | $146 | +15.66 | $130 |
| TBV excl. AOCI ($M)** | ▲ | $161 | +19.00 | $142 |
| Loan / Deposit Ratio (%) | ▼ | 62.11% | -3.54 | 65.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.13 | 0.48% |
| Allowance / Loans (%) | — | 1.96% | -0.04% | 2.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.05 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.47% | +2.00 | 23.47% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▄▆▆▅▁ | Net Interest Margin (%) | 5.26% | 5.30% | 5.32% | 5.14% | 5.20% | 5.22% | 5.18% | 5.00% |
| ▄▅▅▁▁▂▂█ | Return on Assets (%) | 2.33% | 2.36% | 2.36% | 2.19% | 2.22% | 2.25% | 2.24% | 2.48% |
| ▂▂▃█▇▇▇▁ | Efficiency Ratio (%) | 49.1% | 49.0% | 49.8% | 53.0% | 52.4% | 52.0% | 52.1% | 48.2% |
| ▁▃▅▃▆██▆ | Cost of Funds (%) | 0.57% | 0.61% | 0.64% | 0.61% | 0.67% | 0.69% | 0.71% | 0.67% |
| ▁▁▁█▂██▅ | NPA / Assets (%) | 0.22% | 0.20% | 0.20% | 0.48% | 0.24% | 0.50% | 0.47% | 0.36% |
| ▁▁▁█▂███ | Net Charge-Off Ratio (%) | 0.14% | 0.10% | 0.10% | 0.62% | 0.20% | 0.66% | 0.62% | 0.67% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $118 | $125 | $125 | $130 | $133 | $140 | $144 | $146 |
| ██▅▁▃▂▄▂ | Gross Loans ($M) | $539 | $540 | $532 | $524 | $530 | $527 | $531 | $526 |
| ▂▁▁▃▄▅▇█ | Total Deposits ($M) | $768 | $764 | $757 | $783 | $790 | $799 | $814 | $831 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 3% |