Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.14 | 0.53% |
| Return on Equity (%) | ▲ | 6.11% | +0.64 | 5.47% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.40 | 3.05% |
| Efficiency Ratio (%) | ▲ | 69.36% | -1.07 | 70.42% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.35 | $3 |
| Cost of Funds (%) | ▲ | 3.08% | -0.41 | 3.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $990 | -114.69 | $1,104 |
| Gross Loans ($M) | ▼ | $804 | -91.96 | $896 |
| Loan Growth YoY (%) | ▲ | 91.48% | +0.73 | 90.76% |
| Total Deposits ($M) | ▼ | $860 | -115.54 | $975 |
| Shareholders Equity ($M) | ▲ | $112 | +1.64 | $110 |
| Tang. Book Value ($M) | ▲ | $104 | +1.21 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +1.11 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 91.48% | +0.73 | 90.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.07% | +0.62 | 4.45% |
| Allowance / Loans (%) | — | 2.14% | 0.96% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 6.17% | +0.73 | 5.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.22% | +1.50 | 10.72% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▅▇██ | Net Interest Margin (%) | 3.01% | 3.12% | 3.12% | 3.05% | 3.26% | 3.44% | 3.50% | 3.45% |
| ███▄▁▁▁▆ | Return on Assets (%) | 0.81% | 0.86% | 0.89% | 0.53% | 0.26% | 0.29% | 0.21% | 0.67% |
| ▃▁▁▅█▅▅▄ | Efficiency Ratio (%) | 67.1% | 63.7% | 63.2% | 70.4% | 76.9% | 70.3% | 70.9% | 69.4% |
| ██▇▄▂▃▂▁ | Cost of Funds (%) | 3.91% | 4.00% | 3.85% | 3.49% | 3.31% | 3.37% | 3.28% | 3.08% |
| ▁▁▂▇▆▇██ | NPA / Assets (%) | 0.68% | 0.67% | 1.76% | 4.45% | 3.89% | 4.17% | 4.58% | 5.07% |
| ▁▁▂▇▆▇██ | Net Charge-Off Ratio (%) | 0.78% | 0.76% | 2.11% | 5.44% | 4.66% | 5.01% | 5.62% | 6.17% |
| ▁▃▃█▇███ | Tang. Book Value ($M) | $92 | $96 | $96 | $103 | $103 | $104 | $104 | $104 |
| ▅▇▇▇█▇▄▁ | Gross Loans ($M) | $876 | $895 | $905 | $896 | $921 | $894 | $855 | $804 |
| ▆████▆▄▁ | Total Deposits ($M) | $951 | $972 | $980 | $975 | $983 | $950 | $909 | $860 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 15% |