Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.38% | +0.03 | 0.35% |
| Return on Equity (%) | ▲ | 3.54% | +0.10 | 3.44% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.23 | 2.56% |
| Efficiency Ratio (%) | ▲ | 85.39% | -1.74 | 87.13% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.60% | -0.14 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,175 | +15.15 | $1,160 |
| Gross Loans ($M) | ▼ | $638 | -29.44 | $668 |
| Loan Growth YoY (%) | ▼ | 62.08% | -2.82 | 64.90% |
| Total Deposits ($M) | ▼ | $1,019 | -1.19 | $1,021 |
| Shareholders Equity ($M) | ▲ | $125 | +6.79 | $118 |
| Tang. Book Value ($M) | ▲ | $123 | +6.80 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +6.66 | $133 |
| Loan / Deposit Ratio (%) | ▼ | 62.08% | -2.82 | 64.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.50% | -0.10 | 1.59% |
| Allowance / Loans (%) | — | 0.84% | 0.05% | 0.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -2.54 | 2.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.41% | +0.84 | 20.57% |
Noninterest income ($1.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▄▅▆█ | Net Interest Margin (%) | 2.59% | 2.58% | 2.58% | 2.56% | 2.65% | 2.68% | 2.71% | 2.79% |
| ▅▇▆▇▁▄▅█ | Return on Assets (%) | 0.31% | 0.35% | 0.33% | 0.35% | 0.18% | 0.28% | 0.30% | 0.38% |
| █▃▂█▂▁▁▂ | Efficiency Ratio (%) | 87.2% | 85.6% | 85.4% | 87.1% | 85.2% | 84.9% | 84.9% | 85.4% |
| ███▆█▆▆▁ | Cost of Funds (%) | 1.78% | 1.81% | 1.80% | 1.73% | 1.79% | 1.73% | 1.75% | 1.60% |
| █▇▇▅███▁ | NPA / Assets (%) | 1.66% | 1.64% | 1.62% | 1.59% | 1.65% | 1.64% | 1.67% | 1.50% |
| ███████▁ | Net Charge-Off Ratio (%) | 2.78% | 2.73% | 2.73% | 2.71% | 2.69% | 2.77% | 2.83% | 0.17% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $109 | $116 | $112 | $116 | $116 | $121 | $123 | $123 |
| ▅▇▆▇██▅▁ | Gross Loans ($M) | $658 | $671 | $666 | $668 | $675 | $671 | $660 | $638 |
| ▁▂▆█▃▄▂█ | Total Deposits ($M) | $967 | $976 | $1,001 | $1,021 | $985 | $988 | $976 | $1,019 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 7% |