Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.10% | -0.13 | 0.23% |
| Return on Equity (%) | ▼ | 1.23% | -1.94 | 3.17% |
| Net Interest Margin (%) | ▲ | 2.38% | +0.21 | 2.17% |
| Efficiency Ratio (%) | ▲ | 86.62% | -1.47 | 88.09% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 2.19% | -0.22 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,627 | +31.81 | $1,595 |
| Gross Loans ($M) | ▲ | $1,205 | +41.43 | $1,164 |
| Loan Growth YoY (%) | ▲ | 91.83% | +2.06 | 89.77% |
| Total Deposits ($M) | ▲ | $1,304 | +15.82 | $1,289 |
| Shareholders Equity ($M) | ▲ | $129 | +12.35 | $117 |
| Tang. Book Value ($M) | ▲ | $128 | +12.40 | $116 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +11.30 | $130 |
| Loan / Deposit Ratio (%) | ▲ | 91.83% | +2.06 | 89.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.42 | 0.08% |
| Allowance / Loans (%) | — | 0.63% | 0.01% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.56 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.75% | +12.75 | 0.00% |
Noninterest income ($1.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▁▅▇█▆ | Net Interest Margin (%) | 2.23% | 2.22% | 2.19% | 2.17% | 2.32% | 2.42% | 2.47% | 2.38% |
| ▆▆▅▄▇▇█▁ | Return on Assets (%) | 0.33% | 0.32% | 0.30% | 0.23% | 0.35% | 0.38% | 0.43% | 0.10% |
| ▄▅▇█▄▂▁▇ | Efficiency Ratio (%) | 83.6% | 84.5% | 86.4% | 88.1% | 83.0% | 80.9% | 79.3% | 86.6% |
| ▆▇█▅▃▃▂▁ | Cost of Funds (%) | 2.45% | 2.50% | 2.59% | 2.41% | 2.34% | 2.31% | 2.28% | 2.19% |
| ▁▂▁▂▁▂▂█ | NPA / Assets (%) | 0.00% | 0.10% | 0.04% | 0.08% | 0.06% | 0.10% | 0.08% | 0.50% |
| ▁▂▁▂▁▂▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.14% | 0.05% | 0.11% | 0.08% | 0.13% | 0.10% | 0.67% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $108 | $117 | $111 | $116 | $118 | $124 | $128 | $128 |
| ▁▁▂▄▇███ | Gross Loans ($M) | $1,131 | $1,135 | $1,147 | $1,164 | $1,195 | $1,206 | $1,208 | $1,205 |
| ▁█▅▆▃▂▃▇ | Total Deposits ($M) | $1,223 | $1,317 | $1,271 | $1,289 | $1,255 | $1,244 | $1,253 | $1,304 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 12% |