Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.11 | 1.22% |
| Return on Equity (%) | ▲ | 13.32% | +0.66 | 12.66% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.27 | 3.69% |
| Efficiency Ratio (%) | ▲ | 70.13% | -1.48 | 71.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.27 | $2 |
| Cost of Funds (%) | ▲ | 1.25% | -0.15 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $566 | +38.40 | $528 |
| Gross Loans ($M) | ▲ | $315 | +1.63 | $313 |
| Loan Growth YoY (%) | ▼ | 61.48% | -4.01 | 65.49% |
| Total Deposits ($M) | ▲ | $504 | +33.53 | $471 |
| Shareholders Equity ($M) | ▲ | $57 | +4.97 | $52 |
| Tang. Book Value ($M) | ▲ | $55 | +4.97 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +5.85 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 61.48% | -4.01 | 65.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.09 | 0.32% |
| Allowance / Loans (%) | — | 1.42% | -0.04% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.12 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.14% | +1.16 | 16.97% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▅███ | Net Interest Margin (%) | 3.99% | 3.97% | 3.96% | 3.69% | 3.87% | 3.96% | 3.98% | 3.95% |
| ▇██▁▁▃▄▅ | Return on Assets (%) | 1.38% | 1.43% | 1.41% | 1.22% | 1.23% | 1.28% | 1.31% | 1.33% |
| ▃▁▁▇█▆▅▅ | Efficiency Ratio (%) | 69.2% | 68.0% | 68.1% | 71.6% | 72.2% | 71.1% | 70.4% | 70.1% |
| ▄▆▇▆██▄▁ | Cost of Funds (%) | 1.36% | 1.41% | 1.44% | 1.40% | 1.48% | 1.48% | 1.35% | 1.25% |
| ▁▂▁█▆▅▄▆ | NPA / Assets (%) | 0.04% | 0.06% | 0.02% | 0.32% | 0.22% | 0.18% | 0.17% | 0.23% |
| ▁▁▁█▆▅▅▇ | Net Charge-Off Ratio (%) | 0.02% | 0.07% | 0.00% | 0.54% | 0.37% | 0.31% | 0.31% | 0.42% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $45 | $47 | $48 | $50 | $51 | $53 | $54 | $55 |
| █▇▅▁▂▂▁▂ | Gross Loans ($M) | $334 | $330 | $323 | $313 | $316 | $317 | $311 | $315 |
| ▁▃▄▅▄▅██ | Total Deposits ($M) | $428 | $448 | $460 | $471 | $466 | $475 | $497 | $504 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 18% |