Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.29 | 0.73% |
| Return on Equity (%) | ▲ | 10.32% | +2.25 | 8.07% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.43 | 3.13% |
| Efficiency Ratio (%) | ▲ | 67.88% | -7.02 | 74.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.99 | $2 |
| Cost of Funds (%) | ▲ | 2.46% | -0.38 | 2.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $960 | -23.47 | $984 |
| Gross Loans ($M) | ▼ | $861 | -23.09 | $884 |
| Loan Growth YoY (%) | ▲ | 103.19% | +1.05 | 102.14% |
| Total Deposits ($M) | ▼ | $827 | -29.47 | $857 |
| Shareholders Equity ($M) | ▲ | $97 | +7.63 | $90 |
| Tang. Book Value ($M) | ▲ | $97 | +7.66 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +7.68 | $91 |
| Loan / Deposit Ratio (%) | ▲ | 103.19% | +1.05 | 102.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.12% | -0.50 | 1.62% |
| Allowance / Loans (%) | — | 0.87% | -0.17% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.25% | -0.55 | 1.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.61% | +1.23 | 13.38% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.87% | 2.87% | 2.90% | 3.13% | 3.25% | 3.30% | 3.33% | 3.56% |
| ▁▁▂▄▄▆▇█ | Return on Assets (%) | 0.49% | 0.45% | 0.55% | 0.73% | 0.69% | 0.84% | 0.90% | 1.03% |
| ██▇▆▃▂▁▁ | Efficiency Ratio (%) | 79.6% | 78.7% | 77.5% | 74.9% | 71.2% | 68.9% | 67.0% | 67.9% |
| ██▇▄▃▃▃▁ | Cost of Funds (%) | 3.27% | 3.32% | 3.18% | 2.83% | 2.76% | 2.78% | 2.69% | 2.46% |
| ▂▁▆█▃▃█▅ | NPA / Assets (%) | 0.65% | 0.49% | 1.21% | 1.62% | 0.89% | 0.84% | 1.51% | 1.12% |
| ▂▁▆█▃▃█▅ | Net Charge-Off Ratio (%) | 0.75% | 0.55% | 1.37% | 1.80% | 1.00% | 0.96% | 1.73% | 1.25% |
| ▁▂▁▃▄▇▇█ | Tang. Book Value ($M) | $86 | $88 | $87 | $90 | $91 | $95 | $95 | $97 |
| ▃█▂█▇▆▁▄ | Gross Loans ($M) | $859 | $883 | $853 | $884 | $875 | $873 | $847 | $861 |
| █▆▂▆▆▆▂▁ | Total Deposits ($M) | $874 | $858 | $834 | $857 | $859 | $861 | $837 | $827 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 20% |