Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.68% | -0.40 | 1.08% |
| Return on Equity (%) | ▼ | 7.25% | -5.25 | 12.50% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.41 | 3.37% |
| Efficiency Ratio (%) | ▼ | 80.69% | +19.78 | 60.91% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.32 | $3 |
| Cost of Funds (%) | ▲ | 1.87% | -0.23 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $656 | +19.04 | $636 |
| Gross Loans ($M) | ▲ | $401 | +16.99 | $384 |
| Loan Growth YoY (%) | ▲ | 70.47% | +1.34 | 69.13% |
| Total Deposits ($M) | ▲ | $563 | +13.34 | $549 |
| Shareholders Equity ($M) | ▲ | $60 | +5.49 | $55 |
| Tang. Book Value ($M) | ▲ | $60 | +5.49 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +5.02 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 70.47% | +1.34 | 69.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +0.56 | 0.74% |
| Allowance / Loans (%) | — | 1.02% | 0.01% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.87% | +0.95 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.66% | -0.02 | 18.68% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.06% | 3.10% | 3.17% | 3.37% | 3.44% | 3.52% | 3.59% | 3.78% |
| ▂▅▆▆███▁ | Return on Assets (%) | 0.83% | 1.06% | 1.13% | 1.08% | 1.23% | 1.30% | 1.23% | 0.68% |
| ▄▃▂▂▁▁▁█ | Efficiency Ratio (%) | 68.6% | 65.8% | 63.2% | 60.9% | 60.5% | 59.7% | 58.0% | 80.7% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 2.29% | 2.29% | 2.20% | 2.10% | 2.12% | 2.13% | 2.00% | 1.87% |
| ▁▁▁▁▁▂█▅ | NPA / Assets (%) | 0.68% | 0.68% | 0.64% | 0.74% | 0.72% | 0.88% | 1.71% | 1.30% |
| ▁▁▁▁▁▂█▆ | Net Charge-Off Ratio (%) | 0.92% | 0.85% | 0.76% | 0.92% | 0.88% | 1.12% | 2.43% | 1.87% |
| ▁▆▃▄▅▇██ | Tang. Book Value ($M) | $50 | $57 | $54 | $55 | $57 | $59 | $61 | $60 |
| ▁▂▃▅▅▆██ | Gross Loans ($M) | $362 | $370 | $375 | $384 | $385 | $390 | $399 | $401 |
| ▂▁▁▆▆▄▄█ | Total Deposits ($M) | $532 | $529 | $527 | $549 | $551 | $542 | $545 | $563 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 8% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |