Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.88% | -0.36 | 1.25% |
| Return on Equity (%) | ▼ | 11.80% | -7.53 | 19.33% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.04 | 3.11% |
| Efficiency Ratio (%) | ▼ | 73.97% | +8.95 | 65.02% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.69 | $3 |
| Cost of Funds (%) | ▲ | 1.81% | -0.22 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,140 | +117.65 | $1,022 |
| Gross Loans ($M) | ▲ | $559 | +19.70 | $539 |
| Loan Growth YoY (%) | ▼ | 55.37% | -3.49 | 58.87% |
| Total Deposits ($M) | ▲ | $993 | +92.04 | $901 |
| Shareholders Equity ($M) | ▲ | $84 | +15.43 | $69 |
| Tang. Book Value ($M) | ▲ | $84 | +15.43 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +20.40 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 55.37% | -3.49 | 58.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.97% | +0.95 | 0.01% |
| Allowance / Loans (%) | — | 1.56% | -0.02% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 1.98% | +1.95 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.57% | -0.11 | 15.68% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇████ | Net Interest Margin (%) | 2.54% | 2.69% | 2.76% | 3.11% | 3.15% | 3.13% | 3.21% | 3.15% |
| ▁▃▅███▇▂ | Return on Assets (%) | 0.80% | 0.94% | 1.04% | 1.25% | 1.23% | 1.20% | 1.17% | 0.88% |
| ▇▄▂▁▁▁▂█ | Efficiency Ratio (%) | 71.8% | 68.8% | 66.6% | 65.0% | 65.1% | 65.0% | 66.3% | 74.0% |
| █▇▄▃▄▃▂▁ | Cost of Funds (%) | 2.42% | 2.29% | 2.10% | 2.03% | 2.04% | 1.99% | 1.90% | 1.81% |
| ▇▂▁▁▁▁▁█ | NPA / Assets (%) | 0.84% | 0.14% | 0.02% | 0.01% | 0.05% | 0.06% | 0.05% | 0.97% |
| ▇▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 1.59% | 0.26% | 0.03% | 0.03% | 0.10% | 0.12% | 0.10% | 1.98% |
| ▁▅▂▄▃▇██ | Tang. Book Value ($M) | $60 | $73 | $63 | $69 | $67 | $79 | $82 | $84 |
| ▂▂▂▁▄▇█▅ | Gross Loans ($M) | $545 | $547 | $545 | $539 | $553 | $564 | $571 | $559 |
| ▇▄▅▃▁▃██ | Total Deposits ($M) | $962 | $928 | $937 | $901 | $863 | $905 | $994 | $993 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |