Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.14% | -0.12 | 1.26% |
| Return on Equity (%) | ▼ | 11.93% | -2.62 | 14.55% |
| Net Interest Margin (%) | ▲ | 4.34% | +0.25 | 4.09% |
| Efficiency Ratio (%) | ▲ | 66.09% | -1.21 | 67.30% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.36 | $3 |
| Cost of Funds (%) | ▲ | 1.04% | -0.13 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $743 | +25.19 | $718 |
| Gross Loans ($M) | ▲ | $504 | +20.69 | $483 |
| Loan Growth YoY (%) | ▼ | 75.11% | -0.48 | 75.59% |
| Total Deposits ($M) | ▲ | $663 | +31.20 | $631 |
| Shareholders Equity ($M) | ▲ | $72 | +8.57 | $64 |
| Tang. Book Value ($M) | ▲ | $54 | +8.57 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +7.61 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 75.11% | -0.48 | 75.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.11 | 0.33% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.16 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.82% | -0.31 | 13.13% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▆▇█ | Net Interest Margin (%) | 3.74% | 3.83% | 3.89% | 4.09% | 4.14% | 4.17% | 4.22% | 4.34% |
| █▇▄▄▆██▁ | Return on Assets (%) | 1.42% | 1.37% | 1.28% | 1.26% | 1.35% | 1.41% | 1.39% | 1.14% |
| ▁▁▄█▆▃▃▅ | Efficiency Ratio (%) | 64.2% | 64.3% | 65.6% | 67.3% | 66.2% | 65.2% | 65.1% | 66.1% |
| █▆▅▇█▇▅▁ | Cost of Funds (%) | 1.19% | 1.15% | 1.13% | 1.17% | 1.20% | 1.18% | 1.13% | 1.04% |
| ▁▁▇███▆▅ | NPA / Assets (%) | 0.09% | 0.08% | 0.30% | 0.33% | 0.34% | 0.35% | 0.28% | 0.23% |
| ▁▁▇███▆▅ | Net Charge-Off Ratio (%) | 0.15% | 0.13% | 0.44% | 0.50% | 0.51% | 0.51% | 0.41% | 0.33% |
| ▁▄▂▄▃▆▇█ | Tang. Book Value ($M) | $39 | $46 | $42 | $46 | $44 | $49 | $51 | $54 |
| ▁▂▅▆▇▇██ | Gross Loans ($M) | $433 | $442 | $475 | $483 | $488 | $491 | $498 | $504 |
| ▃▂▁▄▃▄██ | Total Deposits ($M) | $630 | $622 | $613 | $631 | $627 | $632 | $658 | $663 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 18% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 14% |