Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.10% | +0.04 | 0.06% |
| Return on Equity (%) | ▲ | 1.01% | +0.38 | 0.63% |
| Net Interest Margin (%) | ▲ | 2.35% | +0.15 | 2.20% |
| Efficiency Ratio (%) | ▼ | 95.57% | +4.83 | 90.75% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.29 | $1 |
| Cost of Funds (%) | ▲ | 2.44% | -0.23 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,041 | +46.04 | $995 |
| Gross Loans ($M) | ▲ | $782 | +5.62 | $777 |
| Loan Growth YoY (%) | ▼ | 106.20% | -3.16 | 109.36% |
| Total Deposits ($M) | ▲ | $732 | +26.38 | $706 |
| Shareholders Equity ($M) | ▲ | $99 | +3.23 | $95 |
| Tang. Book Value ($M) | ▲ | $97 | +3.23 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +5.25 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 106.20% | -3.16 | 109.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.72 | 0.08% |
| Allowance / Loans (%) | — | 0.59% | -0.02% | 0.61% |
| Net Charge-Off Ratio (%) | ▼ | 1.07% | +0.96 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▃▁▁▂▄█ | Net Interest Margin (%) | 2.24% | 2.25% | 2.24% | 2.20% | 2.19% | 2.21% | 2.26% | 2.35% |
| ▁▂▂▆██▆█ | Return on Assets (%) | -0.10% | -0.06% | -0.07% | 0.06% | 0.12% | 0.11% | 0.06% | 0.10% |
| █▇▆▁▁▁▁▂ | Efficiency Ratio (%) | 116.2% | 112.9% | 109.9% | 90.7% | 91.9% | 93.1% | 92.4% | 95.6% |
| ▅███▆▇▆▁ | Cost of Funds (%) | 2.58% | 2.70% | 2.69% | 2.67% | 2.62% | 2.67% | 2.64% | 2.44% |
| ▁▁▁▁▄▆██ | NPA / Assets (%) | 0.08% | 0.08% | 0.07% | 0.08% | 0.43% | 0.61% | 0.81% | 0.80% |
| ▁▁▁▁▄▆██ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.10% | 0.11% | 0.58% | 0.81% | 1.07% | 1.07% |
| ▁▅▁▃▅███ | Tang. Book Value ($M) | $93 | $95 | $93 | $94 | $95 | $97 | $97 | $97 |
| ▁▄▇▆▄▇▅█ | Gross Loans ($M) | $761 | $770 | $777 | $777 | $771 | $779 | $774 | $782 |
| ▁▁▁▂▇█▇▅ | Total Deposits ($M) | $696 | $703 | $696 | $706 | $744 | $760 | $748 | $732 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 10% |