Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.42 | 0.80% |
| Return on Equity (%) | ▲ | 12.81% | +4.14 | 8.67% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.29 | 3.36% |
| Efficiency Ratio (%) | ▲ | 54.27% | -8.93 | 63.20% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.01 | $2 |
| Cost of Funds (%) | ▲ | 2.42% | -0.40 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $647 | +38.75 | $608 |
| Gross Loans ($M) | ▲ | $583 | +41.00 | $542 |
| Loan Growth YoY (%) | ▲ | 107.86% | +3.20 | 104.66% |
| Total Deposits ($M) | ▲ | $533 | +22.97 | $510 |
| Shareholders Equity ($M) | ▲ | $61 | +5.60 | $56 |
| Tang. Book Value ($M) | ▲ | $61 | +5.60 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +5.47 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 107.86% | +3.20 | 104.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.98% | +0.18 | 1.80% |
| Allowance / Loans (%) | — | 1.40% | -0.12% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 2.20% | +0.22 | 1.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.35% | -0.06 | 11.41% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇██ | Net Interest Margin (%) | 3.02% | 3.11% | 3.17% | 3.36% | 3.46% | 3.56% | 3.65% | 3.65% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.49% | 0.56% | 0.51% | 0.80% | 0.82% | 0.88% | 0.93% | 1.22% |
| █▇█▅▅▄▃▁ | Efficiency Ratio (%) | 68.9% | 67.2% | 70.2% | 63.2% | 62.6% | 61.1% | 59.9% | 54.3% |
| ██▆▅▃▃▂▁ | Cost of Funds (%) | 3.11% | 3.16% | 2.91% | 2.82% | 2.68% | 2.68% | 2.54% | 2.42% |
| ▁▄▇▂▂▅▇█ | NPA / Assets (%) | 1.77% | 1.87% | 1.93% | 1.80% | 1.80% | 1.90% | 1.93% | 1.98% |
| ▆▁▃▆▆▆▇█ | Net Charge-Off Ratio (%) | 2.03% | 1.56% | 1.75% | 1.98% | 1.99% | 2.00% | 2.11% | 2.20% |
| ▁▂▂▂▄▆██ | Tang. Book Value ($M) | $54 | $56 | $56 | $56 | $57 | $59 | $61 | $61 |
| ▁▁▃▂▅▆██ | Gross Loans ($M) | $534 | $532 | $550 | $542 | $562 | $566 | $579 | $583 |
| ▂▆▂▁█▇▁█ | Total Deposits ($M) | $515 | $525 | $513 | $510 | $531 | $529 | $509 | $533 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 16% |