Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.01 | 0.82% |
| Return on Equity (%) | ▲ | 9.29% | +0.10 | 9.19% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.39 | 2.99% |
| Efficiency Ratio (%) | ▼ | 79.13% | +2.26 | 76.87% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.06 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.36 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $690 | +61.24 | $629 |
| Gross Loans ($M) | ▲ | $592 | +51.12 | $541 |
| Loan Growth YoY (%) | ▼ | 105.55% | -1.00 | 106.55% |
| Total Deposits ($M) | ▲ | $555 | +52.96 | $502 |
| Shareholders Equity ($M) | ▲ | $61 | +3.04 | $58 |
| Tang. Book Value ($M) | ▲ | $56 | +3.35 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 105.55% | -1.00 | 106.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.81% | -0.07 | 0.88% |
| Allowance / Loans (%) | — | 1.02% | -0.05% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.95% | -0.06 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.57% | -0.62 | 14.19% |
Noninterest income ($2.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.54% | 2.55% | 2.63% | 2.99% | 3.05% | 3.12% | 3.20% | 3.38% |
| ▁▁▃█████ | Return on Assets (%) | 0.26% | 0.32% | 0.45% | 0.82% | 0.83% | 0.83% | 0.84% | 0.83% |
| █▇▇▁▁▁▁▃ | Efficiency Ratio (%) | 88.6% | 86.3% | 85.5% | 76.9% | 75.7% | 76.4% | 75.6% | 79.1% |
| ▇█▇▅▃▂▂▁ | Cost of Funds (%) | 2.44% | 2.55% | 2.44% | 2.25% | 2.07% | 2.03% | 2.03% | 1.90% |
| ▇█▇▆▁▅▃▄ | NPA / Assets (%) | 0.96% | 1.00% | 0.95% | 0.88% | 0.65% | 0.85% | 0.76% | 0.81% |
| ▇█▇▅▁▅▃▄ | Net Charge-Off Ratio (%) | 1.12% | 1.17% | 1.09% | 1.01% | 0.75% | 0.99% | 0.88% | 0.95% |
| ▁▂▃▅▆█▇█ | Tang. Book Value ($M) | $49 | $51 | $52 | $53 | $54 | $56 | $55 | $56 |
| ▃▄▅▁▄▅▇█ | Gross Loans ($M) | $557 | $566 | $569 | $541 | $562 | $571 | $583 | $592 |
| ▂▆▆▃▁▂▆█ | Total Deposits ($M) | $494 | $529 | $530 | $502 | $477 | $489 | $535 | $555 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 24% |