Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.21 | 1.53% |
| Return on Equity (%) | ▲ | 12.54% | +1.39 | 11.15% |
| Net Interest Margin (%) | ▼ | 4.74% | -0.15 | 4.89% |
| Efficiency Ratio (%) | ▲ | 68.82% | -5.50 | 74.32% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.44 | $3 |
| Cost of Funds (%) | ▲ | 1.48% | -0.16 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $689 | +29.65 | $660 |
| Gross Loans ($M) | ▼ | $561 | -2.45 | $563 |
| Loan Growth YoY (%) | ▼ | 92.88% | -8.42 | 101.30% |
| Total Deposits ($M) | ▲ | $591 | +45.71 | $546 |
| Shareholders Equity ($M) | ▲ | $95 | +4.34 | $91 |
| Tang. Book Value ($M) | ▲ | $92 | +6.39 | $86 |
| Loan / Deposit Ratio (%) | ▼ | 92.88% | -8.42 | 101.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.18 | 1.09% |
| Allowance / Loans (%) | — | 2.10% | 0.20% | 1.91% |
| Net Charge-Off Ratio (%) | ▼ | 1.40% | +0.21 | 1.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.71% | +0.67 | 13.04% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇█▄▆▇█▁ | Net Interest Margin (%) | 4.97% | 5.01% | 5.05% | 4.89% | 4.96% | 5.01% | 5.02% | 4.74% |
| ▃▆█▁▇█▄▅ | Return on Assets (%) | 1.66% | 1.77% | 1.87% | 1.53% | 1.80% | 1.88% | 1.69% | 1.74% |
| ▇▆▅█▃▁▁▁ | Efficiency Ratio (%) | 73.5% | 72.4% | 71.3% | 74.3% | 70.2% | 68.7% | 68.1% | 68.8% |
| ▆▇▆███▆▁ | Cost of Funds (%) | 1.58% | 1.60% | 1.58% | 1.64% | 1.62% | 1.63% | 1.59% | 1.48% |
| ▃█▆▅▄▁▃█ | NPA / Assets (%) | 1.01% | 1.29% | 1.14% | 1.09% | 1.02% | 0.84% | 0.98% | 1.27% |
| ▄█▅▅▃▁▃█ | Net Charge-Off Ratio (%) | 1.12% | 1.46% | 1.21% | 1.19% | 1.01% | 0.84% | 1.00% | 1.40% |
| ▁▁▄▄▅▆██ | Tang. Book Value ($M) | $82 | $82 | $86 | $86 | $88 | $89 | $92 | $92 |
| ▁▂▇▃█▇▄▃ | Gross Loans ($M) | $549 | $555 | $583 | $563 | $593 | $585 | $568 | $561 |
| ▁▂▁▁▄▇▆█ | Total Deposits ($M) | $549 | $554 | $543 | $546 | $562 | $580 | $578 | $591 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |