Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +0.06 | 2.14% |
| Return on Equity (%) | ▲ | 16.08% | +0.64 | 15.44% |
| Net Interest Margin (%) | ▼ | 4.41% | -0.04 | 4.45% |
| Efficiency Ratio (%) | ▲ | 69.54% | -0.27 | 69.80% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.46 | $4 |
| Cost of Funds (%) | ▲ | 2.88% | -0.40 | 3.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $521 | +31.90 | $489 |
| Gross Loans ($M) | ▲ | $372 | +48.20 | $324 |
| Loan Growth YoY (%) | ▲ | 84.51% | +5.44 | 79.07% |
| Total Deposits ($M) | ▲ | $430 | +30.52 | $399 |
| Shareholders Equity ($M) | ▲ | $72 | +2.63 | $69 |
| Tang. Book Value ($M) | ▲ | $62 | +1.92 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 84.51% | +5.44 | 79.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.80% | -0.64 | 1.44% |
| Allowance / Loans (%) | — | 2.45% | -0.15% | 2.60% |
| Net Charge-Off Ratio (%) | ▲ | 1.12% | -1.05 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.98% | -0.46 | 19.44% |
Noninterest income ($10.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▃▃▄▁ | Net Interest Margin (%) | 5.09% | 5.02% | 4.91% | 4.45% | 4.58% | 4.64% | 4.67% | 4.41% |
| ▂▃▂█▃▃▁█ | Return on Assets (%) | 1.22% | 1.43% | 1.28% | 2.14% | 1.38% | 1.29% | 0.98% | 2.20% |
| ▂▁▃▁▄▆█▁ | Efficiency Ratio (%) | 69.9% | 69.2% | 70.6% | 69.8% | 71.7% | 73.0% | 74.4% | 69.5% |
| ▇██▆▄▃▃▁ | Cost of Funds (%) | 3.36% | 3.46% | 3.51% | 3.28% | 3.16% | 3.09% | 3.08% | 2.88% |
| ▄▄▃██▇▁▁ | NPA / Assets (%) | 1.12% | 1.10% | 0.97% | 1.44% | 1.42% | 1.32% | 0.83% | 0.80% |
| ▆▆▄█▇▆▁▁ | Net Charge-Off Ratio (%) | 1.79% | 1.79% | 1.55% | 2.17% | 2.01% | 1.85% | 1.18% | 1.12% |
| ▁▃▄▆▇▆▆█ | Tang. Book Value ($M) | $55 | $57 | $58 | $60 | $60 | $60 | $60 | $62 |
| ▁▁▁▃▆▇▇█ | Gross Loans ($M) | $305 | $303 | $306 | $324 | $349 | $362 | $357 | $372 |
| ▂▃▂▁▂▆▆█ | Total Deposits ($M) | $403 | $410 | $404 | $399 | $405 | $419 | $419 | $430 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 47% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 17% |