Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.80 | 1.46% |
| Return on Equity (%) | ▼ | 5.83% | -5.90 | 11.73% |
| Net Interest Margin (%) | ▼ | 4.93% | -0.44 | 5.37% |
| Efficiency Ratio (%) | ▼ | 71.44% | +2.19 | 69.25% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.03 | $4 |
| Cost of Funds (%) | ▼ | 1.38% | +0.29 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $902 | +78.23 | $824 |
| Gross Loans ($M) | ▲ | $702 | +79.19 | $622 |
| Loan Growth YoY (%) | ▲ | 91.97% | +5.32 | 86.66% |
| Total Deposits ($M) | ▲ | $753 | +42.93 | $710 |
| Shareholders Equity ($M) | ▲ | $115 | +9.51 | $105 |
| Tang. Book Value ($M) | ▲ | $107 | +9.61 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +9.84 | $103 |
| Loan / Deposit Ratio (%) | ▲ | 91.97% | +5.32 | 86.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.26% | +0.57 | 1.68% |
| Allowance / Loans (%) | — | 1.32% | 0.15% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 2.14% | -0.09 | 2.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.29% | -0.70 | 13.99% |
Noninterest income ($1.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇█▇██▆▁ | Net Interest Margin (%) | 5.48% | 5.35% | 5.43% | 5.37% | 5.45% | 5.46% | 5.32% | 4.93% |
| ██▇███▇▁ | Return on Assets (%) | 1.39% | 1.38% | 1.26% | 1.46% | 1.43% | 1.40% | 1.26% | 0.66% |
| ▂▂▂▆▁▁▂█ | Efficiency Ratio (%) | 64.0% | 64.2% | 64.3% | 69.3% | 63.8% | 62.9% | 64.9% | 71.4% |
| ▁▄▆▁▂▁▁█ | Cost of Funds (%) | 1.06% | 1.19% | 1.27% | 1.10% | 1.11% | 1.08% | 1.09% | 1.38% |
| ▁▁▁▄▆█▅▇ | NPA / Assets (%) | 1.11% | 1.06% | 1.21% | 1.68% | 2.08% | 2.52% | 1.93% | 2.26% |
| ▁▁▁▇▂██▆ | Net Charge-Off Ratio (%) | 1.54% | 1.54% | 1.60% | 2.23% | 1.66% | 2.38% | 2.35% | 2.14% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $88 | $93 | $94 | $98 | $101 | $104 | $106 | $107 |
| ▁▁▂▃▃▆▅█ | Gross Loans ($M) | $595 | $597 | $613 | $622 | $635 | $663 | $661 | $702 |
| ▁▂▁▁▂▃█▂ | Total Deposits ($M) | $705 | $760 | $699 | $710 | $734 | $794 | $965 | $753 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 33% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 9% |