Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.29 | 0.70% |
| Return on Equity (%) | ▲ | 10.64% | +2.47 | 8.17% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.42 | 3.13% |
| Efficiency Ratio (%) | ▼ | 68.64% | +2.06 | 66.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.17 | $2 |
| Cost of Funds (%) | ▲ | 1.33% | -0.24 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $536 | -26.47 | $563 |
| Gross Loans ($M) | ▼ | $324 | -4.40 | $328 |
| Loan Growth YoY (%) | ▲ | 75.22% | +1.01 | 74.21% |
| Total Deposits ($M) | ▼ | $426 | -11.59 | $438 |
| Shareholders Equity ($M) | ▲ | $52 | +2.77 | $49 |
| Tang. Book Value ($M) | ▲ | $50 | +2.77 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +2.59 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 75.22% | +1.01 | 74.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.27 | 0.37% |
| Allowance / Loans (%) | — | 1.02% | -0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.47 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.48% | +0.51 | 14.96% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 2.92% | 2.95% | 3.03% | 3.13% | 3.27% | 3.30% | 3.35% | 3.55% |
| ▁▂█▁▃▃▄█ | Return on Assets (%) | 0.66% | 0.72% | 1.00% | 0.70% | 0.78% | 0.78% | 0.80% | 0.99% |
| █▇▁▃▄▅▅▅ | Efficiency Ratio (%) | 72.3% | 70.3% | 63.6% | 66.6% | 67.4% | 68.6% | 68.4% | 68.6% |
| █▇█▆▅▅▄▁ | Cost of Funds (%) | 1.70% | 1.64% | 1.65% | 1.57% | 1.55% | 1.54% | 1.51% | 1.33% |
| ▄▄▁█▃▁▁▁ | NPA / Assets (%) | 0.22% | 0.23% | 0.12% | 0.37% | 0.20% | 0.12% | 0.10% | 0.10% |
| ▄▄▁█▃▁▁▁ | Net Charge-Off Ratio (%) | 0.35% | 0.39% | 0.20% | 0.63% | 0.33% | 0.20% | 0.18% | 0.16% |
| ▁▂▄▅▅▇██ | Tang. Book Value ($M) | $44 | $45 | $47 | $48 | $48 | $49 | $50 | $50 |
| █▇▄▂▃▂▁▁ | Gross Loans ($M) | $351 | $345 | $337 | $328 | $332 | $328 | $323 | $324 |
| ▁▂▁▅▄██▁ | Total Deposits ($M) | $427 | $430 | $428 | $438 | $435 | $447 | $446 | $426 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |