Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.06 | 0.90% |
| Return on Equity (%) | ▼ | 11.02% | -0.61 | 11.63% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.37 | 3.25% |
| Efficiency Ratio (%) | ▼ | 69.71% | +1.05 | 68.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.07 | $3 |
| Cost of Funds (%) | ▲ | 1.72% | -0.16 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,094 | -75.23 | $1,169 |
| Gross Loans ($M) | ▼ | $788 | -61.22 | $849 |
| Loan Growth YoY (%) | ▼ | 82.04% | -6.94 | 88.98% |
| Total Deposits ($M) | ▲ | $949 | +5.65 | $944 |
| Shareholders Equity ($M) | ▲ | $98 | +7.90 | $90 |
| Tang. Book Value ($M) | ▲ | $98 | +7.99 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +7.16 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 82.04% | -6.94 | 88.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.01 | 0.09% |
| Allowance / Loans (%) | — | 1.17% | 0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.02 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.68% | 2.76% | 2.85% | 3.25% | 3.34% | 3.39% | 3.45% | 3.62% |
| ▁▁▃▆▇▇█▇ | Return on Assets (%) | 0.57% | 0.61% | 0.72% | 0.90% | 0.98% | 1.00% | 1.08% | 0.95% |
| ██▇▃▁▁▁▄ | Efficiency Ratio (%) | 76.2% | 75.5% | 74.0% | 68.7% | 66.4% | 66.4% | 65.1% | 69.7% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.13% | 2.13% | 2.01% | 1.88% | 1.90% | 1.90% | 1.82% | 1.72% |
| ▁▂▁▁▁█▆▂ | NPA / Assets (%) | 0.09% | 0.11% | 0.08% | 0.09% | 0.07% | 0.29% | 0.23% | 0.11% |
| ▁▂▁▁▁█▆▂ | Net Charge-Off Ratio (%) | 0.12% | 0.15% | 0.11% | 0.13% | 0.10% | 0.40% | 0.32% | 0.15% |
| ▁▄▃▄▄▄▇█ | Tang. Book Value ($M) | $84 | $90 | $89 | $90 | $90 | $90 | $95 | $98 |
| █▇▆█▇▇▄▁ | Gross Loans ($M) | $852 | $841 | $829 | $849 | $842 | $842 | $819 | $788 |
| ▁▁▂▅█▅▄▆ | Total Deposits ($M) | $918 | $916 | $927 | $944 | $963 | $943 | $939 | $949 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 16% |