Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.02 | 1.18% |
| Return on Equity (%) | ▼ | 9.80% | -0.66 | 10.46% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.17 | 3.57% |
| Efficiency Ratio (%) | ▲ | 56.50% | -2.06 | 58.57% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.01 | $6 |
| Cost of Funds (%) | ▲ | 1.29% | -0.24 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,621 | +53.36 | $1,567 |
| Gross Loans ($M) | ▲ | $1,252 | +10.29 | $1,242 |
| Loan Growth YoY (%) | ▼ | 89.24% | -2.19 | 91.42% |
| Total Deposits ($M) | ▲ | $1,383 | +38.33 | $1,345 |
| Shareholders Equity ($M) | ▲ | $190 | +14.87 | $175 |
| Tang. Book Value ($M) | ▲ | $178 | +15.08 | $163 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +15.42 | $171 |
| Loan / Deposit Ratio (%) | ▼ | 89.24% | -2.19 | 91.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.04% | +1.79 | 0.25% |
| Allowance / Loans (%) | — | 1.43% | 0.43% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 2.64% | +2.33 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.50% | +1.01 | 13.48% |
Noninterest income ($2.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▄▆██ | Net Interest Margin (%) | 3.60% | 3.61% | 3.60% | 3.57% | 3.65% | 3.69% | 3.74% | 3.74% |
| ▁▅▅▄▆█▂▃ | Return on Assets (%) | 1.10% | 1.19% | 1.20% | 1.18% | 1.22% | 1.29% | 1.14% | 1.16% |
| █▅▆▆▄▁▁▃ | Efficiency Ratio (%) | 60.3% | 58.2% | 58.4% | 58.6% | 57.2% | 55.6% | 55.2% | 56.5% |
| ▇██▇▄▃▃▁ | Cost of Funds (%) | 1.56% | 1.61% | 1.59% | 1.54% | 1.45% | 1.40% | 1.41% | 1.29% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.23% | 0.25% | 0.25% | 0.25% | 0.27% | 0.28% | 2.13% | 2.04% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.27% | 0.30% | 0.31% | 0.32% | 0.35% | 0.34% | 2.60% | 2.64% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $150 | $156 | $158 | $163 | $167 | $172 | $175 | $178 |
| ▃▁▂▄▄██▅ | Gross Loans ($M) | $1,237 | $1,209 | $1,222 | $1,242 | $1,241 | $1,282 | $1,285 | $1,252 |
| ▁▂▂▆▇▇▅█ | Total Deposits ($M) | $1,256 | $1,275 | $1,285 | $1,345 | $1,352 | $1,356 | $1,333 | $1,383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 10% |