Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.30 | 1.29% |
| Return on Equity (%) | ▼ | 10.62% | -3.93 | 14.55% |
| Net Interest Margin (%) | ▼ | 3.39% | -0.07 | 3.47% |
| Efficiency Ratio (%) | ▼ | 71.90% | +8.33 | 63.57% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.79 | $3 |
| Cost of Funds (%) | ▼ | 1.50% | +0.07 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $700 | +42.78 | $657 |
| Gross Loans ($M) | ▲ | $457 | +14.98 | $442 |
| Loan Growth YoY (%) | ▼ | 71.17% | -2.01 | 73.18% |
| Total Deposits ($M) | ▲ | $634 | +37.87 | $597 |
| Shareholders Equity ($M) | ▲ | $63 | +4.74 | $58 |
| Tang. Book Value ($M) | ▲ | $63 | +4.80 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +5.00 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 71.17% | -2.01 | 73.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Allowance / Loans (%) | — | 1.27% | -0.03% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.03 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.55% | +0.13 | 12.42% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃████▇ | Net Interest Margin (%) | 2.92% | 3.00% | 3.07% | 3.47% | 3.45% | 3.42% | 3.44% | 3.39% |
| ▁▁▁█▆▆▅▅ | Return on Assets (%) | 0.56% | 0.61% | 0.59% | 1.29% | 1.08% | 1.03% | 1.01% | 0.98% |
| ███▁▂▃▃▄ | Efficiency Ratio (%) | 82.1% | 80.4% | 81.9% | 63.6% | 67.8% | 69.2% | 69.3% | 71.9% |
| ██▅▁▂▇▇▃ | Cost of Funds (%) | 1.64% | 1.64% | 1.54% | 1.42% | 1.46% | 1.60% | 1.60% | 1.50% |
| ▁▄▃▁▁▁▂█ | NPA / Assets (%) | 0.01% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.02% | 0.03% |
| ▁▄▃▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% |
| ▁▃▁▂▄▇█▆ | Tang. Book Value ($M) | $55 | $59 | $56 | $58 | $59 | $63 | $65 | $63 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $427 | $428 | $435 | $442 | $449 | $453 | $460 | $457 |
| ▃▁▂▃▄███ | Total Deposits ($M) | $593 | $574 | $584 | $597 | $601 | $632 | $627 | $634 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 5% |
| Consumer | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |