Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.24 | 1.10% |
| Return on Equity (%) | ▲ | 12.82% | +1.07 | 11.75% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.40 | 3.40% |
| Efficiency Ratio (%) | ▲ | 57.03% | -4.15 | 61.19% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.33 | $4 |
| Cost of Funds (%) | ▲ | 1.10% | -0.15 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,282 | +69.56 | $1,212 |
| Gross Loans ($M) | ▲ | $676 | +22.69 | $653 |
| Loan Growth YoY (%) | ▼ | 58.35% | -0.79 | 59.15% |
| Total Deposits ($M) | ▲ | $1,140 | +52.23 | $1,088 |
| Shareholders Equity ($M) | ▲ | $134 | +18.02 | $116 |
| Tang. Book Value ($M) | ▲ | $127 | +18.07 | $109 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +18.88 | $129 |
| Loan / Deposit Ratio (%) | ▼ | 58.35% | -0.79 | 59.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.02 | 0.34% |
| Allowance / Loans (%) | — | 1.53% | 0.07% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.03 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 3.18% | 3.22% | 3.26% | 3.40% | 3.51% | 3.60% | 3.64% | 3.80% |
| ▁▁▁▂▄▇██ | Return on Assets (%) | 1.04% | 1.05% | 1.08% | 1.10% | 1.19% | 1.28% | 1.35% | 1.34% |
| ██▇▆▄▃▁▁ | Efficiency Ratio (%) | 63.1% | 62.6% | 61.9% | 61.2% | 59.8% | 58.6% | 57.3% | 57.0% |
| ▄█▅▅▃▃▂▁ | Cost of Funds (%) | 1.23% | 1.38% | 1.27% | 1.24% | 1.17% | 1.20% | 1.14% | 1.10% |
| ▆██▃▂▁▄▁ | NPA / Assets (%) | 0.36% | 0.38% | 0.37% | 0.34% | 0.32% | 0.31% | 0.34% | 0.31% |
| ▄█▇▃▂▁▅▁ | Net Charge-Off Ratio (%) | 0.64% | 0.70% | 0.69% | 0.63% | 0.61% | 0.59% | 0.65% | 0.60% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $96 | $106 | $104 | $109 | $112 | $121 | $127 | $127 |
| ▁▁▁▃▅▃▆█ | Gross Loans ($M) | $641 | $640 | $641 | $653 | $660 | $653 | $666 | $676 |
| ▁▂▄▅▇▆██ | Total Deposits ($M) | $1,018 | $1,034 | $1,070 | $1,088 | $1,114 | $1,098 | $1,126 | $1,140 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |