Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.81% | -0.04 | 0.85% |
| Return on Equity (%) | ▼ | 9.98% | -1.01 | 10.99% |
| Net Interest Margin (%) | ▼ | 3.53% | -0.19 | 3.72% |
| Efficiency Ratio (%) | ▲ | 72.78% | -0.73 | 73.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.10 | $1 |
| Cost of Funds (%) | ▲ | 2.11% | -0.07 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $555 | +49.62 | $506 |
| Gross Loans ($M) | ▲ | $374 | +0.08 | $374 |
| Loan Growth YoY (%) | ▼ | 77.37% | -11.01 | 88.38% |
| Total Deposits ($M) | ▲ | $480 | +60.04 | $420 |
| Shareholders Equity ($M) | ▲ | $44 | +4.74 | $39 |
| Tang. Book Value ($M) | ▲ | $43 | +4.93 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +6.80 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 77.37% | -11.01 | 88.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.54 | 0.09% |
| Allowance / Loans (%) | — | 0.91% | -0.05% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.56 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.02% | +0.07 | 11.95% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇███▂ | Net Interest Margin (%) | 3.49% | 3.52% | 3.56% | 3.72% | 3.77% | 3.76% | 3.74% | 3.53% |
| ▁▅▄██▇▇▇ | Return on Assets (%) | 0.66% | 0.77% | 0.76% | 0.85% | 0.84% | 0.83% | 0.82% | 0.81% |
| █▁▁▄▄▄▄▃ | Efficiency Ratio (%) | 76.0% | 71.6% | 72.1% | 73.5% | 73.5% | 73.7% | 73.3% | 72.8% |
| ▁▆█▄▅▄▅▂ | Cost of Funds (%) | 2.07% | 2.23% | 2.31% | 2.18% | 2.20% | 2.18% | 2.19% | 2.11% |
| ▁▃▁▁▄███ | NPA / Assets (%) | 0.10% | 0.23% | 0.03% | 0.09% | 0.29% | 0.62% | 0.59% | 0.64% |
| ▂▄▁▂▂█▇█ | Net Charge-Off Ratio (%) | 0.14% | 0.32% | 0.03% | 0.11% | 0.13% | 0.60% | 0.56% | 0.68% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $35 | $38 | $37 | $38 | $39 | $41 | $44 | $43 |
| ▁▃▅▇▆▆█▇ | Gross Loans ($M) | $344 | $358 | $364 | $374 | $369 | $373 | $383 | $374 |
| ▂▁▁▂▃▅▆█ | Total Deposits ($M) | $416 | $401 | $407 | $420 | $423 | $445 | $460 | $480 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 16% |