Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.31% | -0.02 | 1.33% |
| Return on Equity (%) | ▼ | 15.33% | -0.64 | 15.97% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.09 | 3.61% |
| Efficiency Ratio (%) | ▼ | 65.77% | +2.05 | 63.72% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.06 | $3 |
| Cost of Funds (%) | ▲ | 1.44% | -0.06 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $853 | +27.13 | $826 |
| Gross Loans ($M) | ▲ | $500 | +3.31 | $497 |
| Loan Growth YoY (%) | ▼ | 72.78% | -4.51 | 77.29% |
| Total Deposits ($M) | ▲ | $681 | +43.84 | $638 |
| Shareholders Equity ($M) | ▲ | $71 | +4.52 | $67 |
| Tang. Book Value ($M) | ▲ | $71 | +4.60 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +4.92 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 72.78% | -4.51 | 77.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.06% | +0.42 | 0.64% |
| Allowance / Loans (%) | — | 0.85% | 0.03% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 1.30% | +0.90 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.40% | -0.26 | 12.66% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▇█▇ | Net Interest Margin (%) | 3.49% | 3.52% | 3.57% | 3.61% | 3.67% | 3.69% | 3.74% | 3.69% |
| ███▃▆▆▆▁ | Return on Assets (%) | 1.39% | 1.38% | 1.38% | 1.33% | 1.36% | 1.36% | 1.36% | 1.31% |
| ▁▂▃▇▅▅▆█ | Efficiency Ratio (%) | 55.8% | 57.6% | 58.4% | 63.7% | 61.7% | 61.4% | 63.0% | 65.8% |
| ███▄██▅▁ | Cost of Funds (%) | 1.57% | 1.58% | 1.58% | 1.50% | 1.58% | 1.58% | 1.52% | 1.44% |
| ▁▁▁▂▂▃▁█ | NPA / Assets (%) | 0.51% | 0.51% | 0.51% | 0.64% | 0.60% | 0.66% | 0.56% | 1.06% |
| ▁▁▁▂▂▃▃█ | Net Charge-Off Ratio (%) | 0.16% | 0.17% | 0.16% | 0.39% | 0.36% | 0.49% | 0.46% | 1.30% |
| ▃▆▄▂▁▆█▆ | Tang. Book Value ($M) | $67 | $71 | $69 | $66 | $64 | $70 | $73 | $71 |
| ▃▁▅▇█▇▆█ | Gross Loans ($M) | $485 | $475 | $491 | $497 | $501 | $496 | $491 | $500 |
| ▂▁▁▂▅▅▅█ | Total Deposits ($M) | $636 | $629 | $628 | $638 | $657 | $661 | $657 | $681 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |