Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.13% | -0.16 | 0.29% |
| Return on Equity (%) | ▼ | 1.53% | -1.71 | 3.24% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.07 | 3.17% |
| Efficiency Ratio (%) | ▼ | 90.86% | +2.03 | 88.82% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $2 |
| Cost of Funds (%) | ▲ | 2.58% | -0.18 | 2.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,022 | +65.88 | $956 |
| Gross Loans ($M) | ▲ | $794 | +24.41 | $770 |
| Loan Growth YoY (%) | ▼ | 86.62% | -3.29 | 89.90% |
| Total Deposits ($M) | ▲ | $908 | +60.13 | $848 |
| Shareholders Equity ($M) | ▲ | $91 | +3.77 | $87 |
| Tang. Book Value ($M) | ▲ | $91 | +3.77 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +3.56 | $90 |
| Loan / Deposit Ratio (%) | ▼ | 86.62% | -3.29 | 89.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.49% | +0.51 | 0.98% |
| Allowance / Loans (%) | — | 0.99% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 1.60% | +0.38 | 1.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.87% | +0.34 | 12.53% |
Noninterest income ($7.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▅▇▇▆█ | Net Interest Margin (%) | 3.10% | 3.06% | 3.09% | 3.17% | 3.20% | 3.20% | 3.17% | 3.24% |
| ▁▃▃▅█▇▇▃ | Return on Assets (%) | -0.12% | 0.07% | 0.15% | 0.29% | 0.62% | 0.46% | 0.44% | 0.13% |
| █▇█▅▁▃▄▇ | Efficiency Ratio (%) | 92.6% | 91.6% | 92.0% | 88.8% | 84.7% | 87.2% | 87.8% | 90.9% |
| ██▇▃▃▇▆▁ | Cost of Funds (%) | 3.01% | 3.06% | 2.96% | 2.76% | 2.74% | 2.97% | 2.89% | 2.58% |
| ▂▁▂▄▃▅██ | NPA / Assets (%) | 0.73% | 0.61% | 0.75% | 0.98% | 0.92% | 1.10% | 1.38% | 1.49% |
| ▁▁▂▅▄▄██ | Net Charge-Off Ratio (%) | 0.76% | 0.77% | 0.95% | 1.22% | 1.11% | 1.12% | 1.54% | 1.60% |
| ▁▃▃▄▇███ | Tang. Book Value ($M) | $84 | $86 | $86 | $87 | $90 | $90 | $91 | $91 |
| ▆▃▁▁█▄▂▃ | Gross Loans ($M) | $818 | $794 | $769 | $770 | $839 | $800 | $786 | $794 |
| ▁▃▄▅▇██▇ | Total Deposits ($M) | $695 | $762 | $798 | $848 | $902 | $927 | $945 | $908 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 9% |