Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.14 | 0.80% |
| Return on Equity (%) | ▲ | 12.09% | +0.84 | 11.25% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.32 | 3.18% |
| Efficiency Ratio (%) | ▲ | 69.53% | -2.76 | 72.29% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.68 | $4 |
| Cost of Funds (%) | ▲ | 1.92% | -0.45 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,371 | -24.32 | $1,395 |
| Gross Loans ($M) | ▼ | $973 | -6.41 | $980 |
| Loan Growth YoY (%) | ▲ | 77.67% | +1.08 | 76.59% |
| Total Deposits ($M) | ▼ | $1,236 | -23.54 | $1,260 |
| Shareholders Equity ($M) | ▲ | $107 | +6.14 | $101 |
| Tang. Book Value ($M) | ▲ | $107 | +6.49 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +5.71 | $115 |
| Loan / Deposit Ratio (%) | ▲ | 77.67% | +1.08 | 76.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.19 | 0.59% |
| Allowance / Loans (%) | — | 1.34% | -0.17% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.26 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.47% | +0.47 | 13.00% |
Noninterest income ($2.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.72% | 2.76% | 2.86% | 3.18% | 3.28% | 3.41% | 3.45% | 3.50% |
| ▁▁▂▅▆██▇ | Return on Assets (%) | 0.40% | 0.44% | 0.55% | 0.80% | 0.85% | 1.11% | 1.09% | 0.94% |
| ██▇▄▄▁▁▃ | Efficiency Ratio (%) | 83.8% | 81.6% | 78.8% | 72.3% | 71.5% | 63.1% | 63.4% | 69.5% |
| ██▇▆▄▃▂▁ | Cost of Funds (%) | 2.52% | 2.55% | 2.42% | 2.37% | 2.16% | 2.15% | 2.01% | 1.92% |
| ▄▃▂▇█▅▁▃ | NPA / Assets (%) | 0.48% | 0.41% | 0.40% | 0.59% | 0.66% | 0.49% | 0.32% | 0.40% |
| ▄▃▃▇█▅▁▂ | Net Charge-Off Ratio (%) | 0.65% | 0.59% | 0.59% | 0.83% | 0.93% | 0.70% | 0.46% | 0.57% |
| ▁▅▄▄▁▇█▇ | Tang. Book Value ($M) | $95 | $103 | $102 | $101 | $95 | $107 | $109 | $107 |
| ▂▂▂▅█▇▁▃ | Gross Loans ($M) | $971 | $973 | $971 | $980 | $987 | $983 | $968 | $973 |
| ▁▄█▃▂▃▅▁ | Total Deposits ($M) | $1,241 | $1,266 | $1,312 | $1,260 | $1,251 | $1,255 | $1,275 | $1,236 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 11% |
| Consumer | 22% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 7% |