Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.13% | -0.64 | 0.77% |
| Return on Equity (%) | ▼ | 0.92% | -4.42 | 5.34% |
| Net Interest Margin (%) | ▼ | 3.64% | -0.22 | 3.86% |
| Efficiency Ratio (%) | ▲ | 75.80% | -0.65 | 76.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▼ | 1.30% | +0.03 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $793 | +49.53 | $743 |
| Gross Loans ($M) | ▲ | $540 | +17.82 | $522 |
| Loan Growth YoY (%) | ▼ | 79.00% | -3.60 | 82.61% |
| Total Deposits ($M) | ▲ | $674 | +48.94 | $626 |
| Shareholders Equity ($M) | ▲ | $111 | +3.62 | $108 |
| Tang. Book Value ($M) | ▲ | $111 | +3.67 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +4.20 | $113 |
| Loan / Deposit Ratio (%) | ▼ | 79.00% | -3.60 | 82.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.79 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | 0.28% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.20% | +1.17 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.53% | -0.42 | 22.96% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▆▆▆▆▁ | Net Interest Margin (%) | 3.85% | 3.94% | 3.94% | 3.86% | 3.84% | 3.85% | 3.84% | 3.64% |
| ███▇▇▇▇▁ | Return on Assets (%) | 0.87% | 0.95% | 0.93% | 0.77% | 0.77% | 0.81% | 0.85% | 0.13% |
| ▃▁▂██▆▅█ | Efficiency Ratio (%) | 72.8% | 70.6% | 71.4% | 76.5% | 76.5% | 74.7% | 74.2% | 75.8% |
| █▃▃▁▅▅▇▂ | Cost of Funds (%) | 1.42% | 1.31% | 1.32% | 1.27% | 1.34% | 1.36% | 1.39% | 1.30% |
| ▂▂▂▁▁▁▁█ | NPA / Assets (%) | 0.14% | 0.14% | 0.14% | 0.02% | 0.03% | 0.02% | 0.01% | 0.82% |
| ▂▂▂▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.20% | 0.20% | 0.20% | 0.03% | 0.04% | 0.03% | 0.01% | 1.20% |
| ▁▄▄▅▅▇██ | Tang. Book Value ($M) | $102 | $106 | $106 | $107 | $108 | $110 | $112 | $111 |
| █▃▃▁▁▄█▇ | Gross Loans ($M) | $544 | $528 | $528 | $522 | $524 | $532 | $545 | $540 |
| ▆▂▁▁▃▇▄█ | Total Deposits ($M) | $654 | $627 | $619 | $626 | $637 | $662 | $643 | $674 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |