Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.06 | 1.09% |
| Return on Equity (%) | ▼ | 13.21% | -1.68 | 14.89% |
| Net Interest Margin (%) | ▼ | 3.34% | -0.06 | 3.41% |
| Efficiency Ratio (%) | ▲ | 60.15% | -0.10 | 60.25% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.36 | $4 |
| Cost of Funds (%) | ▲ | 1.74% | -0.02 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,189 | +114.56 | $1,074 |
| Gross Loans ($M) | ▲ | $572 | +29.23 | $543 |
| Loan Growth YoY (%) | ▼ | 52.25% | -1.86 | 54.11% |
| Total Deposits ($M) | ▲ | $1,079 | +88.78 | $991 |
| Shareholders Equity ($M) | ▲ | $102 | +23.86 | $78 |
| Tang. Book Value ($M) | ▲ | $101 | +24.12 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +28.00 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 52.25% | -1.86 | 54.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.02 | 0.20% |
| Allowance / Loans (%) | — | 1.41% | 0.16% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.05 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.09% | +0.72 | 16.37% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃████▇ | Net Interest Margin (%) | 2.99% | 3.08% | 3.14% | 3.41% | 3.38% | 3.36% | 3.36% | 3.34% |
| ▁▅▃▆▆▅▅█ | Return on Assets (%) | 0.92% | 1.06% | 1.00% | 1.09% | 1.07% | 1.06% | 1.04% | 1.15% |
| █▄▄▁▁▂▁▁ | Efficiency Ratio (%) | 65.4% | 62.1% | 62.2% | 60.3% | 60.5% | 61.0% | 60.2% | 60.2% |
| █▇▄▁▂▅▂▁ | Cost of Funds (%) | 2.25% | 2.18% | 1.99% | 1.77% | 1.83% | 2.03% | 1.84% | 1.74% |
| ▂▁▁▄▅█▆▆ | NPA / Assets (%) | 0.18% | 0.16% | 0.16% | 0.20% | 0.21% | 0.24% | 0.22% | 0.22% |
| ▄▂▁▄▆█▆▆ | Net Charge-Off Ratio (%) | 0.39% | 0.35% | 0.31% | 0.39% | 0.44% | 0.49% | 0.44% | 0.44% |
| ▂▃▃▃▁▂██ | Tang. Book Value ($M) | $70 | $77 | $74 | $77 | $64 | $72 | $100 | $101 |
| ▁▃▄▆▆▇██ | Gross Loans ($M) | $482 | $508 | $521 | $543 | $539 | $557 | $564 | $572 |
| ▃▂▁▃▆▆▆█ | Total Deposits ($M) | $988 | $978 | $954 | $991 | $1,045 | $1,034 | $1,040 | $1,079 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |