Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.30 | 0.97% |
| Return on Equity (%) | ▲ | 11.94% | +2.66 | 9.28% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.46 | 3.79% |
| Efficiency Ratio (%) | ▲ | 66.00% | -7.30 | 73.30% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.04 | $2 |
| Cost of Funds (%) | ▲ | 1.09% | -0.10 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $821 | +23.45 | $798 |
| Gross Loans ($M) | ▲ | $599 | +15.72 | $583 |
| Loan Growth YoY (%) | ▼ | 82.18% | -0.17 | 82.35% |
| Total Deposits ($M) | ▲ | $719 | +19.82 | $699 |
| Shareholders Equity ($M) | ▲ | $87 | +3.17 | $84 |
| Tang. Book Value ($M) | ▲ | $87 | +3.17 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +3.18 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 82.18% | -0.17 | 82.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.21 | 0.10% |
| Allowance / Loans (%) | — | 1.34% | 0.07% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.26 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.65% | -0.20 | 14.85% |
Noninterest income ($2.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 3.77% | 3.77% | 3.81% | 3.79% | 3.87% | 3.94% | 4.03% | 4.25% |
| ▁▂▃▁▂▃▅█ | Return on Assets (%) | 1.01% | 1.01% | 1.07% | 0.97% | 1.04% | 1.08% | 1.16% | 1.28% |
| ▅▅▄█▆▃▁▁ | Efficiency Ratio (%) | 70.2% | 69.5% | 68.5% | 73.3% | 70.5% | 67.6% | 65.6% | 66.0% |
| ▅██▅▃▄▄▁ | Cost of Funds (%) | 1.20% | 1.27% | 1.26% | 1.20% | 1.16% | 1.17% | 1.17% | 1.09% |
| ▁▁▂▂▂▂██ | NPA / Assets (%) | 0.04% | 0.03% | 0.10% | 0.10% | 0.08% | 0.08% | 0.34% | 0.31% |
| ▁▁▂▂▁▁██ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.14% | 0.14% | 0.08% | 0.09% | 0.44% | 0.39% |
| ▁▄▄▆▇███ | Tang. Book Value ($M) | $76 | $81 | $81 | $84 | $86 | $87 | $88 | $87 |
| ▁▁▂▅▇▇██ | Gross Loans ($M) | $563 | $565 | $572 | $583 | $592 | $595 | $600 | $599 |
| ▁▃▁▃▄█▅▆ | Total Deposits ($M) | $680 | $699 | $680 | $699 | $705 | $736 | $709 | $719 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 2% |