Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.19% | -0.09 | 0.28% |
| Return on Equity (%) | ▼ | 2.52% | -1.55 | 4.07% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.09 | 3.78% |
| Efficiency Ratio (%) | ▼ | 95.06% | +5.09 | 89.97% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.48 | $1 |
| Cost of Funds (%) | ▲ | 0.65% | -0.12 | 0.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,010 | +15.97 | $994 |
| Gross Loans ($M) | ▼ | $611 | -11.48 | $622 |
| Loan Growth YoY (%) | ▼ | 65.70% | -2.12 | 67.81% |
| Total Deposits ($M) | ▲ | $923 | +11.90 | $911 |
| Shareholders Equity ($M) | ▲ | $73 | +4.90 | $69 |
| Tang. Book Value ($M) | ▲ | $71 | +4.85 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +5.51 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 65.70% | -2.12 | 67.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.45 | 0.86% |
| Allowance / Loans (%) | — | 0.77% | 0.01% | 0.76% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.69 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.17% | +0.65 | 16.52% |
Noninterest income ($1.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇▆██ | Net Interest Margin (%) | 3.52% | 3.50% | 3.56% | 3.78% | 3.78% | 3.77% | 3.86% | 3.87% |
| ▂▂▅▃▆██▁ | Return on Assets (%) | 0.25% | 0.24% | 0.32% | 0.28% | 0.38% | 0.42% | 0.45% | 0.19% |
| ▅▅▄▄▂▁▁█ | Efficiency Ratio (%) | 91.7% | 91.7% | 90.0% | 90.0% | 88.3% | 87.5% | 86.8% | 95.1% |
| ███▄▅▃▄▁ | Cost of Funds (%) | 0.91% | 0.91% | 0.92% | 0.78% | 0.81% | 0.74% | 0.75% | 0.65% |
| ▇▆██▆▄▁▁ | NPA / Assets (%) | 0.80% | 0.78% | 0.91% | 0.86% | 0.76% | 0.63% | 0.47% | 0.41% |
| ▇▇██▆▄▁▁ | Net Charge-Off Ratio (%) | 1.23% | 1.23% | 1.36% | 1.37% | 1.18% | 1.02% | 0.71% | 0.68% |
| ▁▅▁▄▅▇██ | Tang. Book Value ($M) | $61 | $67 | $62 | $66 | $68 | $70 | $72 | $71 |
| ▆█▇▇▅▇█▁ | Gross Loans ($M) | $621 | $625 | $623 | $622 | $619 | $623 | $624 | $611 |
| ▃▅▁▇▄█▁█ | Total Deposits ($M) | $866 | $889 | $838 | $911 | $874 | $913 | $848 | $923 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 12% |