Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.14 | 2.14% |
| Return on Equity (%) | ▼ | 22.59% | -1.23 | 23.82% |
| Net Interest Margin (%) | ▼ | 4.78% | -0.38 | 5.16% |
| Efficiency Ratio (%) | ▲ | 53.44% | -2.47 | 55.90% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.49 | $6 |
| Cost of Funds (%) | ▼ | 0.90% | +0.19 | 0.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,086 | +41.79 | $1,044 |
| Gross Loans ($M) | ▲ | $670 | +86.83 | $583 |
| Loan Growth YoY (%) | ▲ | 79.70% | +10.30 | 69.39% |
| Total Deposits ($M) | ▼ | $825 | -2.94 | $828 |
| Shareholders Equity ($M) | ▲ | $111 | +16.46 | $95 |
| Tang. Book Value ($M) | ▲ | $111 | +16.46 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +15.80 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 79.70% | +10.30 | 69.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.57% | +0.18 | 1.39% |
| Allowance / Loans (%) | — | 1.87% | 0.38% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 2.19% | +0.08 | 2.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.06% | -0.40 | 16.47% |
Noninterest income ($2.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▃███▇▁ | Net Interest Margin (%) | 4.82% | 4.77% | 4.87% | 5.16% | 5.14% | 5.15% | 5.09% | 4.78% |
| █▃▁▆█▇▇█ | Return on Assets (%) | 2.26% | 1.96% | 1.85% | 2.14% | 2.27% | 2.20% | 2.19% | 2.28% |
| ▁▁▂█▅▁▂▁ | Efficiency Ratio (%) | 53.2% | 53.3% | 53.6% | 55.9% | 54.7% | 53.1% | 53.6% | 53.4% |
| ▇█▃▁▂▅▇▆ | Cost of Funds (%) | 0.96% | 1.00% | 0.79% | 0.71% | 0.75% | 0.87% | 0.95% | 0.90% |
| ▆█▅▃▄▂▁▄ | NPA / Assets (%) | 1.73% | 1.98% | 1.64% | 1.39% | 1.49% | 1.27% | 1.17% | 1.57% |
| ▆█▃▂▂▁▁▂ | Net Charge-Off Ratio (%) | 3.27% | 4.13% | 2.50% | 2.11% | 2.24% | 1.86% | 1.64% | 2.19% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $83 | $93 | $87 | $95 | $101 | $107 | $113 | $111 |
| ▃▁▃▄▆▇██ | Gross Loans ($M) | $552 | $503 | $552 | $583 | $613 | $629 | $657 | $670 |
| ▄▅▁▇█▆█▆ | Total Deposits ($M) | $798 | $814 | $765 | $828 | $847 | $819 | $844 | $825 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 2% |