Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.60 | 0.27% |
| Return on Equity (%) | ▲ | 11.22% | +7.57 | 3.65% |
| Net Interest Margin (%) | ▲ | 2.30% | +0.18 | 2.12% |
| Efficiency Ratio (%) | ▼ | 87.92% | +2.07 | 85.85% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.24 | $2 |
| Cost of Funds (%) | ▲ | 2.19% | -0.15 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,917 | -80.37 | $2,997 |
| Gross Loans ($M) | ▼ | $2,409 | -65.99 | $2,475 |
| Loan Growth YoY (%) | ▼ | 109.57% | -0.11 | 109.68% |
| Total Deposits ($M) | ▼ | $2,180 | -57.10 | $2,237 |
| Shareholders Equity ($M) | ▲ | $231 | +6.65 | $224 |
| Tang. Book Value ($M) | ▲ | $200 | +6.57 | $194 |
| TBV excl. AOCI ($M)** | ▲ | $208 | +6.77 | $201 |
| Loan / Deposit Ratio (%) | ▼ | 109.57% | -0.11 | 109.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.25 | 0.63% |
| Allowance / Loans (%) | — | 0.82% | -0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.31 | 0.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.18% | +0.42 | 11.76% |
Noninterest income ($2.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 2.11% | 2.08% | 2.09% | 2.12% | 2.18% | 2.21% | 2.24% | 2.30% |
| ▄▃▃▄▁▂▂█ | Return on Assets (%) | 0.31% | 0.25% | 0.25% | 0.27% | -0.12% | 0.02% | 0.11% | 0.88% |
| ▁▁▁▁█▆▁▂ | Efficiency Ratio (%) | 84.2% | 85.3% | 85.4% | 85.9% | 108.0% | 101.1% | 85.8% | 87.9% |
| ▄██▃▃▃▃▁ | Cost of Funds (%) | 2.35% | 2.57% | 2.59% | 2.34% | 2.31% | 2.30% | 2.31% | 2.19% |
| ▁▆▆█▃▃▃▄ | NPA / Assets (%) | 0.21% | 0.51% | 0.51% | 0.63% | 0.33% | 0.33% | 0.37% | 0.38% |
| ▁▆▆█▃▃▃▄ | Net Charge-Off Ratio (%) | 0.25% | 0.62% | 0.62% | 0.76% | 0.40% | 0.39% | 0.44% | 0.45% |
| ▃▂▄▄▁▃▄█ | Tang. Book Value ($M) | $192 | $190 | $192 | $194 | $187 | $191 | $194 | $200 |
| ▅███▇▂▁▁ | Gross Loans ($M) | $2,448 | $2,484 | $2,475 | $2,475 | $2,466 | $2,422 | $2,405 | $2,409 |
| ▁▆██▁▄▅▅ | Total Deposits ($M) | $2,122 | $2,197 | $2,224 | $2,237 | $2,113 | $2,170 | $2,176 | $2,180 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |