Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.69% | -0.72 | 2.42% |
| Return on Equity (%) | ▼ | 17.53% | -5.73 | 23.26% |
| Net Interest Margin (%) | ▼ | 4.58% | -0.60 | 5.18% |
| Efficiency Ratio (%) | ▼ | 62.33% | +4.58 | 57.76% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.53 | $8 |
| Cost of Funds (%) | ▲ | 2.19% | -0.22 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,399 | +129.93 | $1,269 |
| Gross Loans ($M) | ▲ | $1,104 | +58.34 | $1,045 |
| Loan Growth YoY (%) | ▼ | 91.08% | -1.00 | 92.08% |
| Total Deposits ($M) | ▲ | $1,201 | +74.28 | $1,126 |
| Shareholders Equity ($M) | ▲ | $135 | +3.75 | $132 |
| Tang. Book Value ($M) | ▲ | $133 | +4.81 | $129 |
| Loan / Deposit Ratio (%) | ▼ | 91.08% | -1.00 | 92.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.25% | -0.04 | 3.29% |
| Allowance / Loans (%) | — | 0.93% | 0.14% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 1.57% | +0.02 | 1.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.49% | -0.14 | 11.63% |
Noninterest income ($3.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▅▅▅▁ | Net Interest Margin (%) | 5.87% | 5.78% | 5.87% | 5.18% | 5.31% | 5.34% | 5.24% | 4.58% |
| ▆▇█▅▆▆▅▁ | Return on Assets (%) | 2.45% | 2.65% | 2.89% | 2.42% | 2.57% | 2.55% | 2.35% | 1.69% |
| ▇▃▁▄▁▁▂█ | Efficiency Ratio (%) | 60.9% | 57.1% | 54.3% | 57.8% | 54.5% | 54.9% | 56.0% | 62.3% |
| ██▆▃▃▄▃▁ | Cost of Funds (%) | 2.84% | 2.92% | 2.71% | 2.41% | 2.45% | 2.54% | 2.41% | 2.19% |
| ▁▅▇█▇▇██ | NPA / Assets (%) | 0.39% | 2.28% | 2.81% | 3.29% | 2.87% | 2.82% | 3.42% | 3.25% |
| ▁█▄▆▄▂▅▆ | Net Charge-Off Ratio (%) | 0.03% | 2.44% | 0.96% | 1.55% | 1.23% | 0.43% | 1.47% | 1.57% |
| ▁▂▃▄▆███ | Tang. Book Value ($M) | $124 | $125 | $127 | $129 | $131 | $133 | $132 | $133 |
| ▁▂▁▄█▆▆▇ | Gross Loans ($M) | $983 | $1,011 | $999 | $1,045 | $1,124 | $1,087 | $1,086 | $1,104 |
| ▂▂▁▃▆██▇ | Total Deposits ($M) | $1,107 | $1,116 | $1,088 | $1,126 | $1,189 | $1,229 | $1,215 | $1,201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 25% |