Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.25 | 1.25% |
| Return on Equity (%) | ▲ | 14.85% | +1.32 | 13.53% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.38 | 3.37% |
| Efficiency Ratio (%) | ▲ | 53.98% | -3.45 | 57.42% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.15 | $5 |
| Cost of Funds (%) | ▲ | 1.57% | -0.06 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,235 | +47.41 | $1,187 |
| Gross Loans ($M) | ▲ | $985 | +43.58 | $941 |
| Loan Growth YoY (%) | ▲ | 95.54% | +0.59 | 94.95% |
| Total Deposits ($M) | ▲ | $1,019 | +38.38 | $981 |
| Shareholders Equity ($M) | ▲ | $129 | +13.70 | $115 |
| Tang. Book Value ($M) | ▲ | $117 | +13.77 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +12.24 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 95.54% | +0.59 | 94.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -0.16 | 0.79% |
| Allowance / Loans (%) | — | 1.15% | 0.06% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.20 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.36% | +0.68 | 13.69% |
Noninterest income ($1.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▆█ | Net Interest Margin (%) | 3.29% | 3.28% | 3.31% | 3.37% | 3.51% | 3.59% | 3.63% | 3.75% |
| ▁▁▃▃▆███ | Return on Assets (%) | 1.12% | 1.14% | 1.22% | 1.25% | 1.36% | 1.46% | 1.49% | 1.50% |
| ██▆▄▃▁▁▁ | Efficiency Ratio (%) | 61.4% | 60.6% | 58.8% | 57.4% | 55.8% | 54.1% | 53.8% | 54.0% |
| █▇▆▅▄▁▁▃ | Cost of Funds (%) | 1.75% | 1.71% | 1.67% | 1.63% | 1.62% | 1.52% | 1.50% | 1.57% |
| ▄▁▇██▇▄▄ | NPA / Assets (%) | 0.61% | 0.48% | 0.73% | 0.79% | 0.79% | 0.73% | 0.61% | 0.63% |
| ▄▁███▆▄▅ | Net Charge-Off Ratio (%) | 0.75% | 0.59% | 0.98% | 1.00% | 0.98% | 0.89% | 0.78% | 0.79% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $91 | $98 | $98 | $103 | $106 | $111 | $113 | $117 |
| ▁▄▅▆▆▇▇█ | Gross Loans ($M) | $863 | $913 | $929 | $941 | $943 | $964 | $966 | $985 |
| ▁▃▆▅▄▆█▇ | Total Deposits ($M) | $850 | $931 | $1,003 | $981 | $934 | $1,010 | $1,072 | $1,019 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |