Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.29 | 1.10% |
| Return on Equity (%) | ▼ | 9.37% | -3.76 | 13.13% |
| Net Interest Margin (%) | ▼ | 2.68% | -0.02 | 2.69% |
| Efficiency Ratio (%) | ▲ | 55.36% | -2.68 | 58.04% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.54 | $3 |
| Cost of Funds (%) | ▲ | 2.14% | -0.17 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,161 | +113.43 | $1,048 |
| Gross Loans ($M) | ▲ | $745 | +17.21 | $728 |
| Loan Growth YoY (%) | ▼ | 76.60% | -6.47 | 83.07% |
| Total Deposits ($M) | ▲ | $961 | +95.60 | $866 |
| Shareholders Equity ($M) | ▲ | $102 | +8.82 | $93 |
| Tang. Book Value ($M) | ▲ | $102 | +8.82 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +10.30 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 76.60% | -6.47 | 83.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.18 | 0.33% |
| Allowance / Loans (%) | — | 1.20% | -0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.24 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.74% | +0.49 | 12.24% |
Noninterest income ($1.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▁▄▆██▃ | Net Interest Margin (%) | 2.68% | 2.64% | 2.64% | 2.69% | 2.73% | 2.77% | 2.77% | 2.68% |
| ▃▂▁█▇▅▆▁ | Return on Assets (%) | 0.88% | 0.83% | 0.78% | 1.10% | 1.03% | 0.98% | 1.01% | 0.82% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 63.4% | 61.9% | 60.6% | 58.0% | 56.5% | 55.5% | 55.2% | 55.4% |
| █▇▇▅▃▃▂▁ | Cost of Funds (%) | 2.47% | 2.42% | 2.40% | 2.32% | 2.25% | 2.24% | 2.20% | 2.14% |
| ▁▃▂█▇▃▃▄ | NPA / Assets (%) | 0.02% | 0.12% | 0.08% | 0.33% | 0.28% | 0.10% | 0.11% | 0.15% |
| ▁▃▂█▇▃▃▄ | Net Charge-Off Ratio (%) | 0.03% | 0.18% | 0.12% | 0.48% | 0.41% | 0.16% | 0.17% | 0.24% |
| ▁▄▁▄▄▇██ | Tang. Book Value ($M) | $88 | $95 | $88 | $93 | $95 | $99 | $102 | $102 |
| ▁▁▄▅▇▇██ | Gross Loans ($M) | $709 | $713 | $726 | $728 | $737 | $737 | $746 | $745 |
| ▁▅▆▃▄▆█▇ | Total Deposits ($M) | $814 | $909 | $938 | $866 | $881 | $923 | $988 | $961 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |