Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.38 | 0.81% |
| Return on Equity (%) | ▲ | 9.58% | +2.23 | 7.35% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.37 | 3.13% |
| Efficiency Ratio (%) | ▲ | 69.16% | -0.85 | 70.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $2 |
| Cost of Funds (%) | ▲ | 1.53% | -0.21 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $658 | +19.33 | $639 |
| Gross Loans ($M) | ▲ | $394 | +12.84 | $381 |
| Loan Growth YoY (%) | ▲ | 67.54% | +0.92 | 66.61% |
| Total Deposits ($M) | ▲ | $575 | +9.80 | $565 |
| Shareholders Equity ($M) | ▲ | $80 | +8.75 | $72 |
| Tang. Book Value ($M) | ▲ | $80 | +8.75 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +8.20 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 67.54% | +0.92 | 66.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.50 | 0.71% |
| Allowance / Loans (%) | — | 1.49% | 0.21% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.75 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.39% | +0.57 | 23.83% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 3.00% | 3.01% | 3.04% | 3.13% | 3.22% | 3.31% | 3.31% | 3.50% |
| ▁▂▁▃▄▅▅█ | Return on Assets (%) | 0.71% | 0.74% | 0.65% | 0.81% | 0.90% | 0.93% | 0.94% | 1.19% |
| ███▄▁▁▃▂ | Efficiency Ratio (%) | 71.6% | 72.0% | 71.8% | 70.0% | 68.7% | 68.4% | 69.5% | 69.2% |
| ▆██▇█▄▁▁ | Cost of Funds (%) | 1.70% | 1.76% | 1.78% | 1.74% | 1.79% | 1.66% | 1.55% | 1.53% |
| ██▅▅▅▅▁▁ | NPA / Assets (%) | 1.06% | 1.11% | 0.75% | 0.71% | 0.67% | 0.68% | 0.19% | 0.20% |
| ██▅▅▅▄▁▁ | Net Charge-Off Ratio (%) | 1.73% | 1.83% | 1.14% | 1.09% | 1.08% | 1.06% | 0.31% | 0.34% |
| ▁▅▁▂▁▇██ | Tang. Book Value ($M) | $70 | $75 | $69 | $72 | $70 | $78 | $80 | $80 |
| ▄▄▅▁▆█▆▇ | Gross Loans ($M) | $389 | $387 | $389 | $381 | $392 | $396 | $391 | $394 |
| ▅▆█▆▅▁▄█ | Total Deposits ($M) | $559 | $562 | $573 | $565 | $557 | $538 | $556 | $575 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 20% |