Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.41 | 0.66% |
| Return on Equity (%) | ▲ | 9.61% | +3.15 | 6.46% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.30 | 3.45% |
| Efficiency Ratio (%) | ▲ | 69.46% | -9.52 | 78.98% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.53 | $2 |
| Cost of Funds (%) | ▲ | 1.44% | -0.10 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,053 | +55.57 | $997 |
| Gross Loans ($M) | ▲ | $660 | +5.02 | $655 |
| Loan Growth YoY (%) | ▼ | 73.51% | -3.10 | 76.60% |
| Total Deposits ($M) | ▲ | $887 | +43.63 | $843 |
| Shareholders Equity ($M) | ▲ | $117 | +12.85 | $104 |
| Tang. Book Value ($M) | ▲ | $97 | +13.27 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +13.00 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 73.51% | -3.10 | 76.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.40 | 0.80% |
| Allowance / Loans (%) | — | 1.19% | -0.15% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.74 | 1.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.56% | +0.59 | 16.97% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▇██ | Net Interest Margin (%) | 3.18% | 3.24% | 3.33% | 3.45% | 3.58% | 3.67% | 3.71% | 3.76% |
| ▁▂▃▁▂▆██ | Return on Assets (%) | 0.67% | 0.75% | 0.79% | 0.66% | 0.76% | 0.97% | 1.05% | 1.08% |
| █▆▆█▅▂▂▁ | Efficiency Ratio (%) | 79.9% | 77.1% | 77.0% | 79.0% | 75.3% | 71.7% | 71.0% | 69.5% |
| ██▆▃▃▂▃▁ | Cost of Funds (%) | 1.75% | 1.74% | 1.66% | 1.55% | 1.52% | 1.49% | 1.53% | 1.44% |
| ▁▁▄█▇▇▂▂ | NPA / Assets (%) | 0.34% | 0.40% | 0.54% | 0.80% | 0.73% | 0.69% | 0.41% | 0.40% |
| ▁▂▄█▆▅▁▁ | Net Charge-Off Ratio (%) | 0.42% | 0.53% | 0.80% | 1.21% | 0.93% | 0.83% | 0.49% | 0.47% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $76 | $85 | $81 | $84 | $88 | $94 | $98 | $97 |
| █▆▄▁█▇▂▂ | Gross Loans ($M) | $677 | $672 | $665 | $655 | $678 | $673 | $659 | $660 |
| ▁▄▂▁▁▇▅█ | Total Deposits ($M) | $837 | $860 | $844 | $843 | $842 | $877 | $867 | $887 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |