Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.06 | 0.71% |
| Return on Equity (%) | ▲ | 8.99% | +0.33 | 8.66% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.17 | 3.76% |
| Efficiency Ratio (%) | ▼ | 82.47% | +0.84 | 81.63% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.08 | $3 |
| Cost of Funds (%) | ▲ | 1.31% | -0.15 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,458 | +22.68 | $1,435 |
| Gross Loans ($M) | ▲ | $1,175 | +7.28 | $1,167 |
| Loan Growth YoY (%) | ▼ | 95.34% | -0.86 | 96.20% |
| Total Deposits ($M) | ▲ | $1,224 | +18.61 | $1,205 |
| Shareholders Equity ($M) | ▲ | $122 | +5.01 | $117 |
| Tang. Book Value ($M) | ▲ | $120 | +5.11 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +4.98 | $118 |
| Loan / Deposit Ratio (%) | ▼ | 95.34% | -0.86 | 96.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.09 | 0.20% |
| Allowance / Loans (%) | — | 0.66% | -0.01% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.11 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.15% | +0.32 | 10.83% |
Noninterest income ($2.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆██▇ | Net Interest Margin (%) | 3.49% | 3.54% | 3.61% | 3.76% | 3.88% | 4.02% | 4.00% | 3.93% |
| ▂▃▂▁▂▄█▃ | Return on Assets (%) | 0.74% | 0.78% | 0.76% | 0.71% | 0.75% | 0.83% | 0.96% | 0.77% |
| ▃▁▃▇▄▅▁█ | Efficiency Ratio (%) | 79.5% | 78.6% | 79.8% | 81.6% | 80.3% | 80.9% | 78.5% | 82.5% |
| ██▆▃▄▄▃▁ | Cost of Funds (%) | 1.77% | 1.80% | 1.67% | 1.46% | 1.51% | 1.52% | 1.48% | 1.31% |
| ▇█▇▇▇▂▁▁ | NPA / Assets (%) | 0.20% | 0.22% | 0.20% | 0.20% | 0.20% | 0.12% | 0.10% | 0.10% |
| ▇█▇▇▇▂▁▁ | Net Charge-Off Ratio (%) | 0.24% | 0.27% | 0.25% | 0.24% | 0.24% | 0.14% | 0.12% | 0.13% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $110 | $112 | $113 | $115 | $116 | $119 | $120 | $120 |
| █▅▃▄▅▁▁▆ | Gross Loans ($M) | $1,181 | $1,170 | $1,167 | $1,167 | $1,171 | $1,159 | $1,160 | $1,175 |
| ▆▇▅▇▂▁▂█ | Total Deposits ($M) | $1,192 | $1,205 | $1,183 | $1,205 | $1,150 | $1,135 | $1,149 | $1,224 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 1% |