Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.39 | 0.73% |
| Return on Equity (%) | ▲ | 14.60% | +3.64 | 10.96% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.38 | 3.03% |
| Efficiency Ratio (%) | ▲ | 65.94% | -8.28 | 74.22% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.73 | $1 |
| Cost of Funds (%) | ▲ | 1.32% | -0.31 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $633 | +20.02 | $613 |
| Gross Loans ($M) | ▼ | $439 | -1.46 | $441 |
| Loan Growth YoY (%) | ▼ | 76.01% | -3.51 | 79.52% |
| Total Deposits ($M) | ▲ | $570 | +22.56 | $547 |
| Shareholders Equity ($M) | ▲ | $48 | +6.68 | $41 |
| Tang. Book Value ($M) | ▲ | $48 | +6.68 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +6.95 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 76.01% | -3.51 | 79.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.68% | +0.04 | 1.64% |
| Allowance / Loans (%) | — | 1.41% | 0.15% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 2.31% | +0.14 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.83% | +0.89 | 10.94% |
Noninterest income ($1.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.62% | 2.67% | 2.76% | 3.03% | 3.06% | 3.13% | 3.22% | 3.41% |
| ▁▁▂▄▅▅▆█ | Return on Assets (%) | 0.41% | 0.49% | 0.56% | 0.73% | 0.81% | 0.85% | 0.89% | 1.12% |
| █▇▇▄▃▃▂▁ | Efficiency Ratio (%) | 84.6% | 82.1% | 80.4% | 74.2% | 72.0% | 70.6% | 69.8% | 65.9% |
| ██▆▄▄▄▃▁ | Cost of Funds (%) | 1.98% | 1.97% | 1.80% | 1.63% | 1.65% | 1.61% | 1.52% | 1.32% |
| ▁▅▇▇▇██▇ | NPA / Assets (%) | 0.49% | 1.28% | 1.63% | 1.64% | 1.62% | 1.89% | 1.90% | 1.68% |
| ▁▅▇▇▇██▇ | Net Charge-Off Ratio (%) | 0.56% | 1.65% | 2.09% | 2.17% | 2.17% | 2.58% | 2.55% | 2.31% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $37 | $41 | $40 | $41 | $43 | $45 | $47 | $48 |
| █▇▅▂▁▂▁▁ | Gross Loans ($M) | $453 | $451 | $447 | $441 | $439 | $441 | $440 | $439 |
| ▁▃▃▄▆█▆█ | Total Deposits ($M) | $524 | $539 | $536 | $547 | $555 | $571 | $554 | $570 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 3% |