Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.40 | -0.01% |
| Return on Equity (%) | ▲ | 3.65% | +3.73 | -0.08% |
| Net Interest Margin (%) | ▲ | 4.93% | +0.25 | 4.68% |
| Efficiency Ratio (%) | ▲ | 95.60% | -4.47 | 100.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.14 | $-0 |
| Cost of Funds (%) | ▼ | 2.53% | +0.00 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $854 | +100.39 | $754 |
| Gross Loans ($M) | ▲ | $674 | +95.98 | $578 |
| Loan Growth YoY (%) | ▲ | 103.20% | +7.71 | 95.49% |
| Total Deposits ($M) | ▲ | $650 | +48.02 | $602 |
| Shareholders Equity ($M) | ▲ | $90 | +4.87 | $85 |
| Tang. Book Value ($M) | ▲ | $87 | +5.43 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +5.29 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 103.20% | +7.71 | 95.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.09% | +0.11 | 0.97% |
| Allowance / Loans (%) | — | 0.47% | -0.08% | 0.55% |
| Net Charge-Off Ratio (%) | ▼ | 1.16% | +0.32 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.60% | -0.87 | 16.47% |
Noninterest income ($16.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▆▁███▄ | Net Interest Margin (%) | 4.88% | 4.98% | 5.06% | 4.68% | 5.24% | 5.22% | 5.26% | 4.93% |
| █▅▄▁▇██▄ | Return on Assets (%) | 0.79% | 0.44% | 0.30% | -0.01% | 0.62% | 0.72% | 0.73% | 0.39% |
| ▁▅▇█▃▂▁▄ | Efficiency Ratio (%) | 91.6% | 96.4% | 99.0% | 100.1% | 94.1% | 93.1% | 92.6% | 95.6% |
| ███▁▃▅▂▁ | Cost of Funds (%) | 3.32% | 3.42% | 3.34% | 2.53% | 2.83% | 2.99% | 2.75% | 2.53% |
| ▅▃▁▁▁█▅▃ | NPA / Assets (%) | 1.23% | 1.13% | 1.00% | 0.97% | 0.93% | 1.47% | 1.22% | 1.09% |
| ▇▆▂▁▁█▅▄ | Net Charge-Off Ratio (%) | 1.52% | 1.40% | 0.99% | 0.85% | 0.91% | 1.66% | 1.35% | 1.16% |
| ▁▂▆▆▇▇██ | Tang. Book Value ($M) | $68 | $71 | $81 | $82 | $84 | $84 | $87 | $87 |
| ▅▃▁▁▄▃▆█ | Gross Loans ($M) | $626 | $609 | $581 | $578 | $615 | $614 | $648 | $674 |
| ▆▁▁▃▅▅▇█ | Total Deposits ($M) | $627 | $589 | $582 | $602 | $621 | $621 | $640 | $650 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 44% |