Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.18 | 0.40% |
| Return on Equity (%) | ▲ | 8.86% | +1.69 | 7.17% |
| Net Interest Margin (%) | ▲ | 2.75% | +0.16 | 2.59% |
| Efficiency Ratio (%) | ▲ | 79.64% | -2.37 | 82.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $1 |
| Cost of Funds (%) | ▼ | 1.83% | +0.02 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,167 | +61.72 | $1,105 |
| Gross Loans ($M) | ▲ | $612 | +7.58 | $604 |
| Loan Growth YoY (%) | ▼ | 56.82% | -3.04 | 59.85% |
| Total Deposits ($M) | ▲ | $1,065 | +67.32 | $997 |
| Shareholders Equity ($M) | ▲ | $76 | +12.49 | $63 |
| Tang. Book Value ($M) | ▲ | $76 | +12.49 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +12.44 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 56.82% | -3.04 | 59.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.07 | 0.16% |
| Allowance / Loans (%) | — | 1.08% | -0.07% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.12 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.87% | +0.41 | 14.46% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.21% | 2.24% | 2.31% | 2.59% | 2.69% | 2.74% | 2.78% | 2.75% |
| ▇▂▃▁▇███ | Return on Assets (%) | 0.54% | 0.45% | 0.46% | 0.40% | 0.55% | 0.57% | 0.58% | 0.58% |
| ▅███▁▁▁▅ | Efficiency Ratio (%) | 80.0% | 82.5% | 82.3% | 82.0% | 76.8% | 76.8% | 76.5% | 79.6% |
| ██▅▁▄▃▃▁ | Cost of Funds (%) | 2.33% | 2.33% | 2.11% | 1.81% | 2.02% | 1.98% | 1.97% | 1.83% |
| ▁▁▅█▅▅▁▁ | NPA / Assets (%) | 0.08% | 0.09% | 0.12% | 0.16% | 0.13% | 0.13% | 0.09% | 0.09% |
| ▁▁▃█▆▆▂▃ | Net Charge-Off Ratio (%) | 0.11% | 0.12% | 0.17% | 0.29% | 0.23% | 0.23% | 0.15% | 0.17% |
| ▁▄▁▃▄▇██ | Tang. Book Value ($M) | $56 | $66 | $57 | $63 | $64 | $72 | $73 | $76 |
| ▁▁▁▅▆▆█▆ | Gross Loans ($M) | $574 | $577 | $577 | $604 | $610 | $611 | $629 | $612 |
| ▁▁▁▅▅▅▅█ | Total Deposits ($M) | $903 | $917 | $910 | $997 | $994 | $997 | $991 | $1,065 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 10% |