Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.08 | 0.26% |
| Return on Equity (%) | ▲ | 3.27% | +0.77 | 2.50% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.11 | 2.87% |
| Efficiency Ratio (%) | ▼ | 87.24% | +3.03 | 84.21% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.14 | $1 |
| Cost of Funds (%) | ▲ | 2.97% | -0.24 | 3.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $644 | -7.84 | $651 |
| Gross Loans ($M) | ▲ | $585 | +0.81 | $584 |
| Loan Growth YoY (%) | ▼ | 101.45% | -10.97 | 112.42% |
| Total Deposits ($M) | ▲ | $570 | +56.49 | $514 |
| Shareholders Equity ($M) | ▲ | $68 | +1.14 | $67 |
| Tang. Book Value ($M) | ▲ | $67 | +1.03 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 101.45% | -10.97 | 112.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.59% | +0.67 | 0.91% |
| Allowance / Loans (%) | — | 1.06% | -0.03% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.69% | +0.67 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.06% | +0.39 | 12.67% |
Noninterest income ($2.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▄▅▆██ | Net Interest Margin (%) | 2.89% | 2.82% | 2.78% | 2.87% | 2.91% | 2.92% | 2.99% | 2.98% |
| █▇▇▁▃▂▂▃ | Return on Assets (%) | 0.47% | 0.43% | 0.42% | 0.26% | 0.32% | 0.29% | 0.30% | 0.34% |
| ▁▂▅▇▆▇▇█ | Efficiency Ratio (%) | 70.2% | 73.9% | 79.8% | 84.2% | 81.8% | 83.1% | 85.0% | 87.2% |
| █▄▃▃▂▃▁▁ | Cost of Funds (%) | 3.63% | 3.27% | 3.16% | 3.20% | 3.12% | 3.14% | 2.98% | 2.97% |
| ▅▁▂▂▂▂▄█ | NPA / Assets (%) | 1.24% | 0.78% | 0.92% | 0.91% | 0.88% | 0.93% | 1.14% | 1.59% |
| ▆▁▂▂▂▂▄█ | Net Charge-Off Ratio (%) | 1.42% | 0.87% | 1.04% | 1.02% | 0.98% | 1.04% | 1.21% | 1.69% |
| ▆▇█▁▂▁▂▃ | Tang. Book Value ($M) | $69 | $69 | $70 | $66 | $66 | $66 | $66 | $67 |
| ▆█▅▁▄▅▅▁ | Gross Loans ($M) | $611 | $625 | $605 | $584 | $604 | $608 | $608 | $585 |
| ▇▇▅▁▃▅█▆ | Total Deposits ($M) | $583 | $589 | $561 | $514 | $539 | $560 | $604 | $570 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 13% |