Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.64% | -0.38 | 1.01% |
| Return on Equity (%) | ▼ | 6.07% | -4.10 | 10.17% |
| Net Interest Margin (%) | ▼ | 3.60% | -0.06 | 3.66% |
| Efficiency Ratio (%) | ▲ | 57.87% | -6.51 | 64.38% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.76 | $3 |
| Cost of Funds (%) | ▲ | 1.22% | -0.01 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $735 | +18.55 | $716 |
| Gross Loans ($M) | ▲ | $530 | +9.11 | $521 |
| Loan Growth YoY (%) | ▼ | 80.15% | -2.62 | 82.77% |
| Total Deposits ($M) | ▲ | $654 | +31.79 | $622 |
| Shareholders Equity ($M) | ▲ | $79 | +6.59 | $72 |
| Tang. Book Value ($M) | ▲ | $79 | +6.58 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +6.15 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 80.15% | -2.62 | 82.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +1.03 | 0.58% |
| Allowance / Loans (%) | — | 1.16% | -0.03% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 2.24% | +1.44 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.28% | +0.47 | 15.81% |
Noninterest income ($1.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇███▆ | Net Interest Margin (%) | 3.31% | 3.36% | 3.42% | 3.66% | 3.69% | 3.72% | 3.70% | 3.60% |
| ▄▅▇▇███▁ | Return on Assets (%) | 0.84% | 0.91% | 0.98% | 1.01% | 1.09% | 1.08% | 1.05% | 0.64% |
| █▇▅▇▅▃▁▁ | Efficiency Ratio (%) | 65.7% | 63.9% | 62.5% | 64.4% | 62.2% | 60.1% | 58.7% | 57.9% |
| ▇█▆▁▁▃▂▁ | Cost of Funds (%) | 1.56% | 1.65% | 1.49% | 1.23% | 1.19% | 1.32% | 1.30% | 1.22% |
| ▁▁▂▃▃▅██ | NPA / Assets (%) | 0.00% | 0.00% | 0.45% | 0.58% | 0.59% | 0.94% | 1.81% | 1.62% |
| ▁▁▂▃▃▄██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.61% | 0.80% | 0.82% | 1.27% | 2.55% | 2.24% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $66 | $70 | $70 | $72 | $74 | $76 | $78 | $79 |
| ▁▄▄▄▂██▆ | Gross Loans ($M) | $504 | $519 | $519 | $521 | $510 | $538 | $542 | $530 |
| ▁▁▃▂▁▅█▆ | Total Deposits ($M) | $610 | $608 | $631 | $622 | $614 | $646 | $681 | $654 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |