Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.38 | 0.32% |
| Return on Equity (%) | ▲ | 7.62% | +3.80 | 3.82% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.39 | 2.63% |
| Efficiency Ratio (%) | ▲ | 77.89% | -10.91 | 88.80% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.25 | $1 |
| Cost of Funds (%) | ▲ | 2.37% | -0.35 | 2.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,082 | -15.42 | $1,097 |
| Gross Loans ($M) | ▼ | $899 | -60.98 | $960 |
| Loan Growth YoY (%) | ▼ | 100.97% | -3.19 | 104.16% |
| Total Deposits ($M) | ▼ | $878 | -30.50 | $908 |
| Shareholders Equity ($M) | ▲ | $99 | +7.05 | $92 |
| Tang. Book Value ($M) | ▲ | $99 | +7.07 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +9.14 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 100.97% | -3.19 | 104.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.11 | 0.25% |
| Allowance / Loans (%) | — | 1.36% | -0.04% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.03 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.71% | +1.22 | 10.49% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 2.19% | 2.25% | 2.31% | 2.63% | 2.68% | 2.71% | 2.78% | 3.02% |
| ▁▁▂▄▅▅▇█ | Return on Assets (%) | 0.03% | 0.12% | 0.18% | 0.32% | 0.42% | 0.44% | 0.57% | 0.70% |
| █▇▆▅▄▄▃▁ | Efficiency Ratio (%) | 98.8% | 95.5% | 92.5% | 88.8% | 87.6% | 86.3% | 83.3% | 77.9% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 3.15% | 3.07% | 2.89% | 2.72% | 2.72% | 2.59% | 2.55% | 2.37% |
| ▂▇██▄▂▃▁ | NPA / Assets (%) | 0.16% | 0.23% | 0.24% | 0.25% | 0.19% | 0.16% | 0.17% | 0.14% |
| ▁██▃▄▂▃▁ | Net Charge-Off Ratio (%) | 0.18% | 0.26% | 0.28% | 0.20% | 0.22% | 0.19% | 0.21% | 0.17% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $89 | $91 | $90 | $92 | $94 | $96 | $99 | $99 |
| ██▇▇▄▂▁▁ | Gross Loans ($M) | $978 | $969 | $959 | $960 | $933 | $915 | $897 | $899 |
| ██▅▅▁▁▅▁ | Total Deposits ($M) | $928 | $927 | $903 | $908 | $877 | $882 | $903 | $878 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 22% |