Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.11% | -0.09 | 0.20% |
| Return on Equity (%) | ▼ | 0.56% | -0.46 | 1.02% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.15 | 4.63% |
| Efficiency Ratio (%) | ▲ | 92.85% | -0.56 | 93.41% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.44% | +0.11 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,266 | +27.91 | $1,239 |
| Gross Loans ($M) | ▼ | $776 | -15.75 | $792 |
| Loan Growth YoY (%) | ▼ | 84.50% | -1.16 | 85.66% |
| Total Deposits ($M) | ▼ | $911 | -6.20 | $918 |
| Shareholders Equity ($M) | ▲ | $245 | +1.85 | $243 |
| Tang. Book Value ($M) | ▲ | $244 | +1.93 | $242 |
| TBV excl. AOCI ($M)** | ▲ | $261 | +6.72 | $254 |
| Loan / Deposit Ratio (%) | ▼ | 84.50% | -1.16 | 85.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.30% | -0.00 | 1.30% |
| Allowance / Loans (%) | — | 0.82% | 0.04% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 1.94% | -0.01 | 1.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 28.70% | -0.86 | 29.56% |
Noninterest income ($3.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▃█▆█▇▆ | Net Interest Margin (%) | 4.29% | 4.10% | 4.28% | 4.63% | 4.50% | 4.70% | 4.62% | 4.48% |
| ▆▅▁███▇▇ | Return on Assets (%) | 0.01% | -0.09% | -0.52% | 0.20% | 0.23% | 0.27% | 0.09% | 0.11% |
| ▇█▇▂▁▁▁▁ | Efficiency Ratio (%) | 99.2% | 101.1% | 99.2% | 93.4% | 92.8% | 92.2% | 92.1% | 92.9% |
| █▆▅▁▂▄▄▃ | Cost of Funds (%) | 1.69% | 1.56% | 1.51% | 1.33% | 1.40% | 1.48% | 1.49% | 1.44% |
| ▂▁▃▆▄▆█▆ | NPA / Assets (%) | 1.08% | 0.96% | 1.11% | 1.30% | 1.18% | 1.33% | 1.45% | 1.30% |
| ▁▂▄▆▃▅█▆ | Net Charge-Off Ratio (%) | 1.30% | 1.46% | 1.66% | 1.95% | 1.63% | 1.82% | 2.18% | 1.94% |
| ▁▁██████ | Tang. Book Value ($M) | $149 | $155 | $237 | $242 | $242 | $248 | $246 | $244 |
| ▁▂▅▇██▃▄ | Gross Loans ($M) | $758 | $767 | $784 | $792 | $802 | $802 | $773 | $776 |
| ▁█▅▅▅▆▅▅ | Total Deposits ($M) | $780 | $1,013 | $901 | $918 | $919 | $937 | $915 | $911 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 18% |