Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.61% | +0.72 | -0.11% |
| Return on Equity (%) | ▲ | 7.00% | +8.22 | -1.22% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.14 | 3.00% |
| Efficiency Ratio (%) | ▲ | 77.82% | -26.83 | 104.65% |
| Pre-Provision Profit ($M) | ▲ | $3 | +3.84 | $-1 |
| Cost of Funds (%) | ▲ | 1.46% | -0.16 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,653 | +112.80 | $1,540 |
| Gross Loans ($M) | ▲ | $1,120 | +20.70 | $1,099 |
| Loan Growth YoY (%) | ▼ | 74.00% | -4.03 | 78.04% |
| Total Deposits ($M) | ▲ | $1,496 | +104.02 | $1,392 |
| Shareholders Equity ($M) | ▲ | $144 | +9.56 | $135 |
| Tang. Book Value ($M) | ▲ | $108 | +9.82 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +10.49 | $112 |
| Loan / Deposit Ratio (%) | ▼ | 74.00% | -4.03 | 78.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.06 | 0.12% |
| Allowance / Loans (%) | — | 1.19% | -0.03% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.08 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.21% | -0.11 | 12.32% |
Noninterest income ($2.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▄▅▅▅█ | Net Interest Margin (%) | 2.95% | 2.91% | 2.92% | 3.00% | 3.03% | 3.04% | 3.05% | 3.14% |
| ▆▆▆▁▄▆▆█ | Return on Assets (%) | 0.37% | 0.38% | 0.36% | -0.11% | 0.21% | 0.35% | 0.41% | 0.61% |
| ▃▃▃█▅▃▃▁ | Efficiency Ratio (%) | 86.5% | 86.4% | 86.8% | 104.6% | 92.2% | 87.0% | 84.8% | 77.8% |
| ▃█▇▅▄▄▂▁ | Cost of Funds (%) | 1.56% | 1.74% | 1.68% | 1.62% | 1.58% | 1.59% | 1.51% | 1.46% |
| ▅█▇█▆▁▅▁ | NPA / Assets (%) | 0.10% | 0.12% | 0.11% | 0.12% | 0.10% | 0.07% | 0.10% | 0.06% |
| ▅█▇█▆▁▆▁ | Net Charge-Off Ratio (%) | 0.14% | 0.17% | 0.15% | 0.17% | 0.14% | 0.09% | 0.14% | 0.09% |
| ▁▆▂▃▅▇██ | Tang. Book Value ($M) | $93 | $103 | $96 | $98 | $101 | $105 | $108 | $108 |
| ▆▇█▃▇▁▄█ | Gross Loans ($M) | $1,111 | $1,114 | $1,120 | $1,099 | $1,113 | $1,091 | $1,105 | $1,120 |
| ▁▁▄▄▃▄██ | Total Deposits ($M) | $1,329 | $1,348 | $1,396 | $1,392 | $1,375 | $1,403 | $1,495 | $1,496 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |