Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.36 | 0.09% |
| Return on Equity (%) | ▲ | 5.27% | +4.00 | 1.27% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.41 | 2.85% |
| Efficiency Ratio (%) | ▲ | 83.75% | -7.78 | 91.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.66 | $1 |
| Cost of Funds (%) | ▲ | 1.52% | -0.25 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,015 | -27.16 | $2,042 |
| Gross Loans ($M) | ▼ | $1,455 | -39.43 | $1,495 |
| Loan Growth YoY (%) | ▼ | 83.61% | -0.58 | 84.19% |
| Total Deposits ($M) | ▼ | $1,720 | -34.22 | $1,754 |
| Shareholders Equity ($M) | ▲ | $171 | +20.90 | $150 |
| Tang. Book Value ($M) | ▲ | $147 | +21.57 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +20.45 | $142 |
| Loan / Deposit Ratio (%) | ▼ | 83.61% | -0.58 | 84.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.02 | 0.69% |
| Allowance / Loans (%) | — | 1.19% | -0.01% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.01 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.03% | +1.01 | 11.02% |
Noninterest income ($2.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.50% | 2.51% | 2.55% | 2.85% | 2.91% | 2.97% | 3.04% | 3.26% |
| █▆▅▁▂▄▃▄ | Return on Assets (%) | 0.91% | 0.64% | 0.59% | 0.09% | 0.26% | 0.40% | 0.40% | 0.45% |
| ▁▃▄██▆▆▅ | Efficiency Ratio (%) | 71.0% | 77.4% | 79.2% | 91.5% | 89.4% | 86.3% | 84.9% | 83.8% |
| ▇█▇▅▃▄▃▁ | Cost of Funds (%) | 1.94% | 2.02% | 1.94% | 1.77% | 1.70% | 1.73% | 1.66% | 1.52% |
| ▁▇▇▅██▅▆ | NPA / Assets (%) | 0.61% | 0.73% | 0.73% | 0.69% | 0.74% | 0.76% | 0.69% | 0.71% |
| ▁▇▇▄██▃▅ | Net Charge-Off Ratio (%) | 0.75% | 0.91% | 0.91% | 0.84% | 0.92% | 0.94% | 0.82% | 0.85% |
| ▁▄▂▂▃▆██ | Tang. Book Value ($M) | $121 | $132 | $125 | $126 | $129 | $140 | $149 | $147 |
| ███▆▅▄▁▁ | Gross Loans ($M) | $1,508 | $1,511 | $1,510 | $1,495 | $1,485 | $1,476 | $1,451 | $1,455 |
| █▆█▇▇▆▂▁ | Total Deposits ($M) | $1,761 | $1,753 | $1,764 | $1,754 | $1,756 | $1,752 | $1,727 | $1,720 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |