Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.61 | 0.68% |
| Return on Equity (%) | ▲ | 12.54% | +6.11 | 6.43% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.06 | 4.13% |
| Efficiency Ratio (%) | ▲ | 67.32% | -10.33 | 77.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.95 | $1 |
| Cost of Funds (%) | ▼ | 1.03% | +0.03 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $640 | +60.72 | $579 |
| Gross Loans ($M) | ▲ | $382 | +8.69 | $374 |
| Loan Growth YoY (%) | ▼ | 67.73% | -4.42 | 72.16% |
| Total Deposits ($M) | ▲ | $555 | +46.32 | $509 |
| Shareholders Equity ($M) | ▲ | $65 | +3.37 | $61 |
| Tang. Book Value ($M) | ▲ | $64 | +3.36 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +4.80 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 67.73% | -4.42 | 72.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.88 | 1.40% |
| Allowance / Loans (%) | — | 1.69% | -0.09% | 1.78% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -1.29 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.14% | +0.48 | 19.67% |
Noninterest income ($1.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅███▆ | Net Interest Margin (%) | 3.82% | 3.87% | 3.95% | 4.13% | 4.31% | 4.35% | 4.35% | 4.20% |
| ▃▃▃▁▁▃▄█ | Return on Assets (%) | 0.86% | 0.90% | 0.89% | 0.68% | 0.73% | 0.89% | 0.98% | 1.29% |
| ▆▅▅█▅▃▂▁ | Efficiency Ratio (%) | 73.9% | 73.1% | 72.8% | 77.6% | 73.0% | 71.2% | 69.4% | 67.3% |
| ███▂▁▂▄▃ | Cost of Funds (%) | 1.17% | 1.18% | 1.18% | 1.00% | 0.95% | 0.99% | 1.04% | 1.03% |
| ▇▇█▇▁▁▁▁ | NPA / Assets (%) | 1.40% | 1.41% | 1.56% | 1.40% | 0.48% | 0.43% | 0.48% | 0.53% |
| ████▁▁▁▂ | Net Charge-Off Ratio (%) | 2.19% | 2.13% | 2.26% | 2.17% | 0.75% | 0.67% | 0.76% | 0.88% |
| ▁█▁▃▄█▇█ | Tang. Book Value ($M) | $60 | $64 | $59 | $61 | $61 | $64 | $64 | $64 |
| ▄▃▃▂▁▇██ | Gross Loans ($M) | $377 | $376 | $375 | $374 | $372 | $381 | $382 | $382 |
| ▄▃▁▄▄▅▆█ | Total Deposits ($M) | $510 | $499 | $466 | $509 | $503 | $513 | $524 | $555 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |