Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.52% | -0.26 | 1.78% |
| Return on Equity (%) | ▼ | 11.69% | -3.94 | 15.63% |
| Net Interest Margin (%) | ▼ | 4.21% | -0.17 | 4.38% |
| Efficiency Ratio (%) | ▼ | 55.70% | +4.27 | 51.43% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.48 | $5 |
| Cost of Funds (%) | ▲ | 0.87% | -0.03 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $787 | +17.61 | $769 |
| Gross Loans ($M) | ▼ | $385 | -14.03 | $399 |
| Loan Growth YoY (%) | ▼ | 56.75% | -2.61 | 59.37% |
| Total Deposits ($M) | ▲ | $670 | +5.70 | $664 |
| Shareholders Equity ($M) | ▲ | $104 | +12.09 | $92 |
| Tang. Book Value ($M) | ▲ | $103 | +12.09 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +13.35 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 56.75% | -2.61 | 59.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.15 | 0.58% |
| Allowance / Loans (%) | — | 1.23% | 0.06% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 1.29% | +0.31 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.37% | +3.02 | 21.35% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▂▂▃▂▁ | Net Interest Margin (%) | 5.05% | 4.98% | 4.83% | 4.38% | 4.39% | 4.43% | 4.41% | 4.21% |
| ███▄▃▄▄▁ | Return on Assets (%) | 2.19% | 2.15% | 2.11% | 1.78% | 1.76% | 1.79% | 1.80% | 1.52% |
| ▁▁▁▅▅▄▄█ | Efficiency Ratio (%) | 46.3% | 46.4% | 46.1% | 51.4% | 51.3% | 50.6% | 50.6% | 55.7% |
| ▁▅▇███▇▇ | Cost of Funds (%) | 0.55% | 0.77% | 0.87% | 0.90% | 0.92% | 0.89% | 0.85% | 0.87% |
| ▁▃█▅█▅▄▇ | NPA / Assets (%) | 0.26% | 0.45% | 0.88% | 0.58% | 0.81% | 0.64% | 0.52% | 0.73% |
| ▁▂█▄▇▅▃▆ | Net Charge-Off Ratio (%) | 0.49% | 0.72% | 1.57% | 0.98% | 1.35% | 1.06% | 0.87% | 1.29% |
| ▁▃▃▅▄▇██ | Tang. Book Value ($M) | $77 | $85 | $85 | $91 | $88 | $97 | $101 | $103 |
| ▆██▆▅▁▁▂ | Gross Loans ($M) | $401 | $407 | $408 | $399 | $398 | $382 | $381 | $385 |
| ▁▃█▂▅▁▆▃ | Total Deposits ($M) | $662 | $672 | $695 | $664 | $679 | $659 | $682 | $670 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 27% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 2% |