Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.52 | 1.06% |
| Return on Equity (%) | ▼ | 5.15% | -5.69 | 10.84% |
| Net Interest Margin (%) | ▼ | 4.15% | -0.79 | 4.94% |
| Efficiency Ratio (%) | ▼ | 74.72% | +4.42 | 70.29% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.42 | $3 |
| Cost of Funds (%) | ▲ | 1.98% | -0.11 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $773 | +66.45 | $706 |
| Gross Loans ($M) | ▲ | $627 | +64.17 | $562 |
| Loan Growth YoY (%) | ▲ | 97.70% | +4.15 | 93.55% |
| Total Deposits ($M) | ▲ | $632 | +39.77 | $592 |
| Shareholders Equity ($M) | ▲ | $82 | +12.91 | $69 |
| Tang. Book Value ($M) | ▲ | $76 | +10.86 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +10.75 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 97.70% | +4.15 | 93.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +0.35 | 1.78% |
| Allowance / Loans (%) | — | 1.45% | -0.03% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 2.58% | +0.35 | 2.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.26% | +0.88 | 11.39% |
Noninterest income ($2.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▄█▆▇▆▁ | Net Interest Margin (%) | 4.45% | 4.49% | 4.54% | 4.94% | 4.73% | 4.76% | 4.68% | 4.15% |
| █▇▆▆▅▆█▁ | Return on Assets (%) | 1.28% | 1.16% | 1.07% | 1.06% | 0.95% | 1.03% | 1.25% | 0.55% |
| ▁▃▂▅█▆▃█ | Efficiency Ratio (%) | 65.2% | 68.2% | 67.4% | 70.3% | 73.7% | 72.2% | 68.5% | 74.7% |
| █▆▆▂▄▄▂▁ | Cost of Funds (%) | 2.45% | 2.28% | 2.30% | 2.09% | 2.17% | 2.20% | 2.05% | 1.98% |
| ▁▁▃▇▇▅▅█ | NPA / Assets (%) | 0.15% | 0.21% | 0.78% | 1.78% | 1.71% | 1.25% | 1.21% | 2.13% |
| ▁▁▃▇▇▅▅█ | Net Charge-Off Ratio (%) | 0.18% | 0.26% | 0.96% | 2.23% | 2.13% | 1.54% | 1.51% | 2.58% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $60 | $62 | $63 | $65 | $67 | $69 | $75 | $76 |
| ▁▂▂▄▆▅▇█ | Gross Loans ($M) | $522 | $537 | $548 | $562 | $596 | $579 | $610 | $627 |
| ▁▃▃▆▆▄██ | Total Deposits ($M) | $507 | $548 | $552 | $592 | $600 | $564 | $636 | $632 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 17% |