Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.30 | 0.92% |
| Return on Equity (%) | ▲ | 6.06% | +1.41 | 4.65% |
| Net Interest Margin (%) | ▲ | 2.75% | +0.50 | 2.25% |
| Efficiency Ratio (%) | ▲ | 60.93% | -7.58 | 68.51% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.14 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.12 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,055 | +75.22 | $979 |
| Gross Loans ($M) | ▲ | $724 | +26.75 | $697 |
| Loan Growth YoY (%) | ▼ | 90.45% | -5.37 | 95.82% |
| Total Deposits ($M) | ▲ | $794 | +72.25 | $721 |
| Shareholders Equity ($M) | ▲ | $211 | +14.44 | $197 |
| Tang. Book Value ($M) | ▲ | $211 | +14.44 | $197 |
| TBV excl. AOCI ($M)** | ▲ | $223 | +15.84 | $207 |
| Loan / Deposit Ratio (%) | ▼ | 90.45% | -5.37 | 95.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.07 | 0.37% |
| Allowance / Loans (%) | — | 0.86% | -0.02% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.08 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.63% | +0.87 | 26.76% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.79% | 1.79% | 1.86% | 2.25% | 2.34% | 2.39% | 2.46% | 2.75% |
| ▁▆▁▃▆█▅▇ | Return on Assets (%) | 0.74% | 1.16% | 0.68% | 0.92% | 1.11% | 1.36% | 1.09% | 1.22% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 86.8% | 86.0% | 84.2% | 68.5% | 66.4% | 65.7% | 65.2% | 60.9% |
| ███▃▂▂▂▁ | Cost of Funds (%) | 2.12% | 2.15% | 2.11% | 1.81% | 1.76% | 1.79% | 1.78% | 1.68% |
| ▂█▄█▃▁█▁ | NPA / Assets (%) | 0.31% | 0.38% | 0.33% | 0.37% | 0.32% | 0.29% | 0.38% | 0.30% |
| ▂█▄▆▂▁▇▂ | Net Charge-Off Ratio (%) | 0.44% | 0.56% | 0.47% | 0.52% | 0.45% | 0.42% | 0.54% | 0.44% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $188 | $195 | $192 | $197 | $201 | $206 | $209 | $211 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $682 | $684 | $691 | $697 | $705 | $718 | $726 | $724 |
| ▃▅▄▁▃▆▇█ | Total Deposits ($M) | $743 | $761 | $755 | $721 | $741 | $773 | $783 | $794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 17% |