Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.96 | 1.26% |
| Return on Equity (%) | ▼ | 2.73% | -8.75 | 11.48% |
| Net Interest Margin (%) | ▼ | 4.28% | -0.54 | 4.82% |
| Efficiency Ratio (%) | ▼ | 80.17% | +9.34 | 70.83% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.17 | $2 |
| Cost of Funds (%) | ▲ | 2.96% | -0.22 | 3.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $522 | +27.95 | $494 |
| Gross Loans ($M) | ▲ | $458 | +26.94 | $431 |
| Loan Growth YoY (%) | ▲ | 107.18% | +9.77 | 97.41% |
| Total Deposits ($M) | ▼ | $418 | -14.38 | $432 |
| Shareholders Equity ($M) | ▲ | $55 | +0.71 | $54 |
| Tang. Book Value ($M) | ▲ | $50 | +1.30 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 107.18% | +9.77 | 97.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.35% | +0.59 | 0.75% |
| Allowance / Loans (%) | — | 2.13% | -0.10% | 2.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.38% | +0.56 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.86% | -0.13 | 12.99% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▇▆▆▁ | Net Interest Margin (%) | 5.14% | 5.06% | 5.09% | 4.82% | 4.94% | 4.84% | 4.83% | 4.28% |
| ▆▆▇██▆▅▁ | Return on Assets (%) | 0.91% | 1.00% | 1.11% | 1.26% | 1.21% | 1.01% | 0.83% | 0.30% |
| ▂▁▁▁▁▃▅█ | Efficiency Ratio (%) | 72.1% | 71.9% | 71.2% | 70.8% | 71.8% | 74.1% | 76.6% | 80.2% |
| ▅██▄▄▇▆▁ | Cost of Funds (%) | 3.26% | 3.49% | 3.53% | 3.19% | 3.23% | 3.41% | 3.36% | 2.96% |
| ▃▃▁▁▁▃██ | NPA / Assets (%) | 0.91% | 0.88% | 0.77% | 0.75% | 0.69% | 0.93% | 1.30% | 1.35% |
| ▄▃▁▁▁▄▇█ | Net Charge-Off Ratio (%) | 1.02% | 0.96% | 0.82% | 0.83% | 0.78% | 1.07% | 1.28% | 1.38% |
| ▁▄▂▃▅▅██ | Tang. Book Value ($M) | $48 | $48 | $48 | $48 | $49 | $49 | $49 | $50 |
| ▁▆▄▄▆▄▃█ | Gross Loans ($M) | $407 | $440 | $428 | $431 | $444 | $430 | $424 | $458 |
| ▃▇▆███▁▄ | Total Deposits ($M) | $413 | $427 | $424 | $432 | $431 | $429 | $406 | $418 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 2% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 26% |