Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.34 | 0.50% |
| Return on Equity (%) | ▲ | 8.67% | +3.48 | 5.19% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.54 | 2.71% |
| Efficiency Ratio (%) | ▲ | 63.07% | -10.88 | 73.94% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.64 | $4 |
| Cost of Funds (%) | ▲ | 1.81% | -0.41 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,009 | -22.72 | $2,032 |
| Gross Loans ($M) | ▼ | $1,601 | -49.20 | $1,651 |
| Loan Growth YoY (%) | ▼ | 90.55% | -3.14 | 93.69% |
| Total Deposits ($M) | ▲ | $1,751 | +8.90 | $1,742 |
| Shareholders Equity ($M) | ▲ | $195 | +0.68 | $195 |
| Tang. Book Value ($M) | ▲ | $193 | +0.02 | $192 |
| TBV excl. AOCI ($M)** | ▲ | $203 | +0.26 | $202 |
| Loan / Deposit Ratio (%) | ▼ | 90.55% | -3.14 | 93.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.70% | -1.24 | 1.94% |
| Allowance / Loans (%) | — | 0.99% | -0.12% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -1.51 | 2.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.86% | +0.30 | 11.56% |
Noninterest income ($2.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 2.57% | 2.58% | 2.57% | 2.71% | 2.84% | 2.93% | 2.99% | 3.24% |
| ▆▆▆▅▅▆▁█ | Return on Assets (%) | 0.64% | 0.61% | 0.56% | 0.50% | 0.53% | 0.60% | 0.06% | 0.84% |
| ▄▄▄█▅▃▂▁ | Efficiency Ratio (%) | 67.3% | 68.0% | 68.1% | 73.9% | 69.3% | 67.1% | 65.0% | 63.1% |
| ██▇▅▃▃▃▁ | Cost of Funds (%) | 2.41% | 2.48% | 2.37% | 2.22% | 2.05% | 2.02% | 2.00% | 1.81% |
| ▁▁█▇▆▆▁▁ | NPA / Assets (%) | 0.74% | 0.76% | 2.14% | 1.94% | 1.75% | 1.77% | 0.71% | 0.70% |
| ▁▁██▆▇▁▁ | Net Charge-Off Ratio (%) | 0.93% | 0.93% | 2.55% | 2.39% | 2.10% | 2.15% | 0.86% | 0.88% |
| ▁▃▃▅▆█▃▅ | Tang. Book Value ($M) | $186 | $190 | $190 | $192 | $194 | $198 | $190 | $193 |
| ▁▄▆▄█▅▃▁ | Gross Loans ($M) | $1,613 | $1,642 | $1,680 | $1,651 | $1,709 | $1,663 | $1,630 | $1,601 |
| ▃▁▁▇█▆▇█ | Total Deposits ($M) | $1,699 | $1,688 | $1,678 | $1,742 | $1,759 | $1,736 | $1,740 | $1,751 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 20% |