Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.33 | 0.94% |
| Return on Equity (%) | ▲ | 11.36% | +2.74 | 8.62% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.36 | 4.27% |
| Efficiency Ratio (%) | ▲ | 61.73% | -5.75 | 67.48% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.22 | $6 |
| Cost of Funds (%) | ▲ | 2.50% | -0.07 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,679 | +112.87 | $1,566 |
| Gross Loans ($M) | ▲ | $1,315 | +79.44 | $1,235 |
| Loan Growth YoY (%) | ▼ | 91.20% | -1.17 | 92.37% |
| Total Deposits ($M) | ▲ | $1,426 | +104.47 | $1,322 |
| Shareholders Equity ($M) | ▲ | $189 | +14.14 | $175 |
| Tang. Book Value ($M) | ▲ | $174 | +14.10 | $160 |
| Loan / Deposit Ratio (%) | ▼ | 91.20% | -1.17 | 92.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.14 | 0.67% |
| Allowance / Loans (%) | — | 1.07% | -0.10% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.04 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.62% | -0.27 | 10.89% |
Noninterest income ($6.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▁▄▅▆█ | Net Interest Margin (%) | 4.58% | 4.54% | 4.49% | 4.27% | 4.42% | 4.48% | 4.52% | 4.63% |
| ▇█▇▁▄▇██ | Return on Assets (%) | 1.20% | 1.25% | 1.22% | 0.94% | 1.09% | 1.22% | 1.23% | 1.26% |
| ▇▆▅█▅▁▁▂ | Efficiency Ratio (%) | 66.5% | 65.2% | 64.7% | 67.5% | 64.8% | 60.8% | 60.9% | 61.7% |
| ▄█▄▂▁▅▂▁ | Cost of Funds (%) | 2.65% | 2.96% | 2.71% | 2.57% | 2.47% | 2.76% | 2.58% | 2.50% |
| ▅▄▁▅▆▄▆█ | NPA / Assets (%) | 0.69% | 0.65% | 0.52% | 0.67% | 0.74% | 0.65% | 0.71% | 0.81% |
| █▃▁▄▅▃▂▃ | Net Charge-Off Ratio (%) | 0.48% | 0.28% | 0.20% | 0.31% | 0.36% | 0.27% | 0.25% | 0.28% |
| ▁▂▂▃▆▇█▇ | Tang. Book Value ($M) | $153 | $157 | $158 | $160 | $172 | $172 | $178 | $174 |
| ▁▁▁▁▆▇██ | Gross Loans ($M) | $1,234 | $1,235 | $1,236 | $1,235 | $1,286 | $1,304 | $1,310 | $1,315 |
| ▁▂▂▂█▆▆▅ | Total Deposits ($M) | $1,267 | $1,308 | $1,326 | $1,322 | $1,547 | $1,449 | $1,473 | $1,426 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 31% |
| C&I / Commercial | 10% |
| Consumer | 45% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 29% |