Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.20 | 0.39% |
| Return on Equity (%) | ▲ | 6.82% | +2.40 | 4.42% |
| Net Interest Margin (%) | ▼ | 2.67% | -0.03 | 2.70% |
| Efficiency Ratio (%) | ▼ | 80.53% | +1.60 | 78.93% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.10 | $2 |
| Cost of Funds (%) | ▲ | 2.53% | -0.03 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,522 | +88.13 | $1,434 |
| Gross Loans ($M) | ▼ | $933 | -31.57 | $964 |
| Loan Growth YoY (%) | ▼ | 81.31% | -9.73 | 91.05% |
| Total Deposits ($M) | ▲ | $1,136 | +85.70 | $1,050 |
| Shareholders Equity ($M) | ▲ | $132 | +6.96 | $125 |
| Tang. Book Value ($M) | ▲ | $132 | +6.97 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $151 | +7.36 | $144 |
| Loan / Deposit Ratio (%) | ▼ | 81.31% | -9.73 | 91.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +0.70 | 0.41% |
| Allowance / Loans (%) | — | 0.97% | 0.13% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 1.81% | +1.20 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.08% | +0.42 | 14.66% |
Noninterest income ($1.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆███▆ | Net Interest Margin (%) | 2.44% | 2.47% | 2.52% | 2.70% | 2.80% | 2.77% | 2.78% | 2.67% |
| ▁▃▄█████ | Return on Assets (%) | -2.31% | -1.38% | -0.86% | 0.39% | 0.63% | 0.67% | 0.47% | 0.59% |
| █▇▆▇▃▁▁█ | Efficiency Ratio (%) | 80.9% | 79.6% | 78.3% | 78.9% | 75.0% | 72.9% | 73.5% | 80.5% |
| ▅██▂▁▁▆▁ | Cost of Funds (%) | 2.63% | 2.73% | 2.73% | 2.56% | 2.54% | 2.53% | 2.67% | 2.53% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.34% | 0.36% | 0.34% | 0.41% | 0.33% | 0.39% | 1.10% | 1.11% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.53% | 0.56% | 0.51% | 0.62% | 0.49% | 0.65% | 1.77% | 1.81% |
| ▁▅▅▅▅███ | Tang. Book Value ($M) | $118 | $126 | $125 | $125 | $126 | $131 | $131 | $132 |
| ▁▃▅██▇▅▂ | Gross Loans ($M) | $922 | $935 | $948 | $964 | $960 | $958 | $948 | $933 |
| ▁▂▃▃▃█▆▆ | Total Deposits ($M) | $992 | $1,026 | $1,051 | $1,050 | $1,062 | $1,197 | $1,142 | $1,136 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |