Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.07 | 1.38% |
| Return on Equity (%) | ▲ | 17.78% | +0.31 | 17.47% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.04 | 3.05% |
| Efficiency Ratio (%) | ▼ | 59.17% | +1.41 | 57.76% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.04 | $3 |
| Cost of Funds (%) | ▲ | 2.71% | -0.25 | 2.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $840 | +44.23 | $796 |
| Gross Loans ($M) | ▲ | $609 | +3.28 | $606 |
| Loan Growth YoY (%) | ▼ | 79.14% | -3.89 | 83.03% |
| Total Deposits ($M) | ▲ | $762 | +39.31 | $723 |
| Shareholders Equity ($M) | ▲ | $68 | +4.34 | $64 |
| Tang. Book Value ($M) | ▲ | $64 | +4.95 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +4.05 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 79.14% | -3.89 | 83.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.70% | -0.16 | 0.87% |
| Allowance / Loans (%) | — | 0.95% | 0.04% | 0.91% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.15 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.73% | -0.19 | 15.92% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▇██▄ | Net Interest Margin (%) | 3.01% | 2.98% | 3.05% | 3.05% | 3.17% | 3.21% | 3.21% | 3.09% |
| ██▇▁▁▂▅▄ | Return on Assets (%) | 1.54% | 1.55% | 1.51% | 1.38% | 1.38% | 1.42% | 1.47% | 1.44% |
| ▁▂▄▆▇▆▁█ | Efficiency Ratio (%) | 54.4% | 55.0% | 56.3% | 57.8% | 58.3% | 57.7% | 54.1% | 59.2% |
| ██▇▃▁▂▂▁ | Cost of Funds (%) | 3.47% | 3.41% | 3.32% | 2.96% | 2.79% | 2.87% | 2.83% | 2.71% |
| ▁▆▅███▆▆ | NPA / Assets (%) | 0.34% | 0.71% | 0.66% | 0.87% | 0.92% | 0.85% | 0.71% | 0.70% |
| ▁▅▆▇█▅▅▅ | Net Charge-Off Ratio (%) | 0.42% | 0.88% | 0.92% | 1.00% | 1.18% | 0.86% | 0.86% | 0.85% |
| ▁▆▂▃▄███ | Tang. Book Value ($M) | $56 | $62 | $57 | $59 | $60 | $64 | $63 | $64 |
| ▁▂▄▇▇███ | Gross Loans ($M) | $565 | $575 | $584 | $606 | $604 | $610 | $612 | $609 |
| ▁▂▇▇▇▇██ | Total Deposits ($M) | $603 | $629 | $739 | $723 | $740 | $742 | $758 | $762 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 27% |