Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.23 | 0.92% |
| Return on Equity (%) | ▲ | 14.36% | +3.42 | 10.94% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.22 | 3.89% |
| Efficiency Ratio (%) | ▲ | 67.98% | -4.58 | 72.56% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.85 | $3 |
| Cost of Funds (%) | ▲ | 0.99% | -0.12 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,088 | +52.09 | $1,036 |
| Gross Loans ($M) | ▲ | $741 | +21.23 | $720 |
| Loan Growth YoY (%) | ▼ | 73.67% | -2.28 | 75.95% |
| Total Deposits ($M) | ▲ | $999 | +57.80 | $941 |
| Shareholders Equity ($M) | ▼ | $86 | -3.58 | $89 |
| Tang. Book Value ($M) | ▼ | $84 | -3.42 | $88 |
| TBV excl. AOCI ($M)** | ▼ | $93 | -2.63 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 73.67% | -2.28 | 75.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.04 | 0.10% |
| Allowance / Loans (%) | — | 0.71% | -0.01% | 0.71% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.06 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.34% | -0.59 | 12.94% |
Noninterest income ($1.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇███ | Net Interest Margin (%) | 3.71% | 3.74% | 3.76% | 3.89% | 4.02% | 4.09% | 4.11% | 4.11% |
| ▁▁▃▁▄▆▆█ | Return on Assets (%) | 0.92% | 0.91% | 0.97% | 0.92% | 1.01% | 1.08% | 1.08% | 1.15% |
| ▅▆▄█▆▄▄▁ | Efficiency Ratio (%) | 70.6% | 71.2% | 70.2% | 72.6% | 71.4% | 70.2% | 70.0% | 68.0% |
| ▅█▇▄▂▃▂▁ | Cost of Funds (%) | 1.18% | 1.31% | 1.25% | 1.12% | 1.04% | 1.08% | 1.05% | 0.99% |
| ▆▁█▁▁▅▇▆ | NPA / Assets (%) | 0.13% | 0.09% | 0.15% | 0.10% | 0.09% | 0.13% | 0.14% | 0.14% |
| ▆▁█▁▁▅▇▆ | Net Charge-Off Ratio (%) | 0.20% | 0.14% | 0.22% | 0.14% | 0.13% | 0.18% | 0.20% | 0.20% |
| ▁▄▄▆█▄▅▄ | Tang. Book Value ($M) | $79 | $84 | $85 | $88 | $91 | $84 | $86 | $84 |
| ▁▁▅▆▇▇██ | Gross Loans ($M) | $669 | $678 | $711 | $720 | $726 | $729 | $739 | $741 |
| ▁▂▄▃▃▃▆█ | Total Deposits ($M) | $910 | $921 | $951 | $941 | $940 | $938 | $971 | $999 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 13% |
| Consumer | 18% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 3% |