Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.75% | -0.16 | 1.91% |
| Return on Equity (%) | ▼ | 16.94% | -0.18 | 17.12% |
| Net Interest Margin (%) | ▼ | 2.88% | -0.14 | 3.02% |
| Efficiency Ratio (%) | ▼ | 34.68% | +2.03 | 32.66% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.37 | $5 |
| Cost of Funds (%) | ▲ | 1.58% | -0.08 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $739 | -15.88 | $754 |
| Gross Loans ($M) | ▲ | $174 | +17.55 | $157 |
| Loan Growth YoY (%) | ▲ | 26.09% | +2.85 | 23.24% |
| Total Deposits ($M) | ▼ | $657 | -4.80 | $662 |
| Shareholders Equity ($M) | ▼ | $77 | -10.71 | $88 |
| Tang. Book Value ($M) | ▼ | $70 | -10.71 | $81 |
| TBV excl. AOCI ($M)** | ▼ | $94 | -10.86 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 26.09% | +2.85 | 23.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.63% | -0.21% | 1.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.22 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.93% | -7.63 | 38.56% |
Noninterest income ($1.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▄▄▅▄▁ | Net Interest Margin (%) | 3.17% | 3.15% | 3.09% | 3.02% | 2.99% | 3.06% | 2.99% | 2.88% |
| ███▄▃▄▄▁ | Return on Assets (%) | 2.17% | 2.13% | 2.12% | 1.91% | 1.86% | 1.96% | 1.93% | 1.75% |
| ▁▃▁▃▆▆▅█ | Efficiency Ratio (%) | 31.9% | 32.7% | 32.1% | 32.7% | 34.0% | 33.6% | 33.6% | 34.7% |
| ▅▇▇▄▃█▆▁ | Cost of Funds (%) | 1.68% | 1.74% | 1.74% | 1.66% | 1.63% | 1.77% | 1.71% | 1.58% |
| ▁█▁▄▂▄▁▁ | NPA / Assets (%) | 0.03% | 0.12% | 0.02% | 0.06% | 0.04% | 0.06% | 0.02% | 0.02% |
| ▁█▁▄▂▄▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.57% | 0.12% | 0.30% | 0.18% | 0.28% | 0.10% | 0.08% |
| ▃▄▄▆█▁▂▃ | Tang. Book Value ($M) | $72 | $75 | $73 | $81 | $87 | $64 | $68 | $70 |
| ▄▁▁▂▂▂▃█ | Gross Loans ($M) | $162 | $156 | $153 | $157 | $158 | $158 | $159 | $174 |
| ▁▃████▇▇ | Total Deposits ($M) | $619 | $631 | $661 | $662 | $665 | $661 | $658 | $657 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 25% |