Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.29 | 0.55% |
| Return on Equity (%) | ▲ | 9.64% | +2.11 | 7.53% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.44 | 3.27% |
| Efficiency Ratio (%) | ▲ | 68.07% | -9.88 | 77.95% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 0.88% | -0.08 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $414 | +8.78 | $405 |
| Gross Loans ($M) | ▲ | $210 | +11.10 | $199 |
| Loan Growth YoY (%) | ▲ | 57.78% | +2.39 | 55.39% |
| Total Deposits ($M) | ▲ | $356 | +3.32 | $353 |
| Shareholders Equity ($M) | ▲ | $36 | +5.37 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +5.48 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +4.04 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 57.78% | +2.39 | 55.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.79% | +0.08 | 1.71% |
| Allowance / Loans (%) | — | 2.18% | 0.25% | 1.93% |
| Net Charge-Off Ratio (%) | ▲ | 3.41% | -0.07 | 3.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.39% | +0.94 | 14.45% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.97% | 3.01% | 3.05% | 3.27% | 3.36% | 3.42% | 3.51% | 3.71% |
| ▁▁▁▁▂▅▆█ | Return on Assets (%) | 0.55% | 0.55% | 0.53% | 0.55% | 0.59% | 0.69% | 0.73% | 0.83% |
| █▇▇▇▆▅▄▁ | Efficiency Ratio (%) | 80.5% | 78.6% | 78.3% | 77.9% | 77.0% | 74.6% | 74.0% | 68.1% |
| █▅█▄▃▅▁▁ | Cost of Funds (%) | 1.07% | 0.99% | 1.06% | 0.96% | 0.94% | 0.98% | 0.90% | 0.88% |
| ▁▁▂▂█▃▄▃ | NPA / Assets (%) | 1.63% | 1.60% | 1.69% | 1.71% | 2.17% | 1.78% | 1.84% | 1.79% |
| ▁▂▃▃█▂▃▂ | Net Charge-Off Ratio (%) | 3.26% | 3.42% | 3.52% | 3.48% | 4.04% | 3.41% | 3.54% | 3.41% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $23 | $27 | $26 | $28 | $30 | $32 | $33 | $34 |
| ▂▁▁▃▆███ | Gross Loans ($M) | $198 | $195 | $197 | $199 | $206 | $209 | $210 | $210 |
| ▁█▆▄▁▇▅▅ | Total Deposits ($M) | $343 | $366 | $360 | $353 | $343 | $362 | $355 | $356 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |