Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.60% | -0.30 | 0.89% |
| Return on Equity (%) | ▼ | 6.16% | -3.48 | 9.64% |
| Net Interest Margin (%) | ▼ | 2.86% | -0.26 | 3.11% |
| Efficiency Ratio (%) | ▼ | 76.14% | +12.02 | 64.12% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.16 | $3 |
| Cost of Funds (%) | ▲ | 2.53% | -0.30 | 2.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,052 | -29.42 | $1,081 |
| Gross Loans ($M) | ▲ | $783 | +24.73 | $758 |
| Loan Growth YoY (%) | ▲ | 84.47% | +1.99 | 82.48% |
| Total Deposits ($M) | ▲ | $918 | +6.47 | $911 |
| Shareholders Equity ($M) | ▲ | $103 | +1.07 | $102 |
| Tang. Book Value ($M) | ▲ | $103 | +1.16 | $102 |
| TBV excl. AOCI ($M)** | ▼ | $112 | -1.27 | $113 |
| Loan / Deposit Ratio (%) | ▲ | 84.47% | +1.99 | 82.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.20% | +1.21 | 0.99% |
| Allowance / Loans (%) | — | 0.98% | 0.11% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 2.79% | +1.37 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.50% | -0.64 | 14.14% |
Noninterest income ($1.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▆▅▅ | Net Interest Margin (%) | 2.57% | 2.53% | 2.55% | 3.11% | 2.96% | 2.92% | 2.88% | 2.86% |
| ▇▅▅█▆▆▁▅ | Return on Assets (%) | 0.74% | 0.59% | 0.59% | 0.89% | 0.69% | 0.65% | 0.19% | 0.60% |
| ▇██▁▃▄▃█ | Efficiency Ratio (%) | 74.7% | 76.9% | 76.9% | 64.1% | 68.1% | 69.2% | 68.4% | 76.1% |
| ▇█▆▃▄▄▁▁ | Cost of Funds (%) | 3.22% | 3.42% | 3.16% | 2.84% | 2.91% | 2.93% | 2.59% | 2.53% |
| ▁▁▂▁▁▃█▆ | NPA / Assets (%) | 1.06% | 1.07% | 1.26% | 0.99% | 0.99% | 1.49% | 2.64% | 2.20% |
| ▁▁▂▁▁▃█▆ | Net Charge-Off Ratio (%) | 1.48% | 1.51% | 1.77% | 1.41% | 1.43% | 2.05% | 3.49% | 2.79% |
| ▁▄▃▅▆█▅▆ | Tang. Book Value ($M) | $96 | $100 | $99 | $102 | $102 | $106 | $102 | $103 |
| ██▆▃▁▁▅█ | Gross Loans ($M) | $779 | $781 | $774 | $758 | $747 | $749 | $767 | $783 |
| ▄▅▇██▁██ | Total Deposits ($M) | $881 | $890 | $911 | $911 | $919 | $855 | $915 | $918 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 22% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 29% |