Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.24 | 0.79% |
| Return on Equity (%) | ▲ | 11.00% | +1.82 | 9.18% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.44 | 3.14% |
| Efficiency Ratio (%) | ▲ | 64.39% | -7.10 | 71.50% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.82 | $4 |
| Cost of Funds (%) | ▲ | 1.95% | -0.17 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,495 | +35.55 | $1,459 |
| Gross Loans ($M) | ▲ | $1,130 | +20.33 | $1,110 |
| Loan Growth YoY (%) | ▼ | 93.05% | -3.19 | 96.24% |
| Total Deposits ($M) | ▲ | $1,200 | +60.14 | $1,140 |
| Shareholders Equity ($M) | ▲ | $139 | +10.58 | $129 |
| Tang. Book Value ($M) | ▲ | $133 | +10.33 | $123 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +9.43 | $137 |
| Loan / Deposit Ratio (%) | ▼ | 93.05% | -3.19 | 96.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.04% | +0.16 | 0.88% |
| Allowance / Loans (%) | — | 1.16% | 0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.24 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.51% | +0.46 | 13.05% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.91% | 2.94% | 3.01% | 3.14% | 3.18% | 3.25% | 3.33% | 3.58% |
| ▁▂▃▃▇▇██ | Return on Assets (%) | 0.66% | 0.74% | 0.79% | 0.79% | 0.94% | 0.98% | 1.02% | 1.03% |
| █▇▅▇▃▂▁▁ | Efficiency Ratio (%) | 72.9% | 71.1% | 69.3% | 71.5% | 66.9% | 66.2% | 64.9% | 64.4% |
| ▅██▆▆▇▄▁ | Cost of Funds (%) | 2.09% | 2.17% | 2.18% | 2.12% | 2.09% | 2.13% | 2.04% | 1.95% |
| ▃▁▁▄▇██▇ | NPA / Assets (%) | 0.83% | 0.69% | 0.70% | 0.88% | 1.04% | 1.11% | 1.13% | 1.04% |
| ▃▁▁▃▇██▇ | Net Charge-Off Ratio (%) | 1.13% | 0.96% | 0.94% | 1.13% | 1.39% | 1.47% | 1.48% | 1.37% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $113 | $121 | $119 | $123 | $125 | $131 | $133 | $133 |
| ▃▁▃▆▇█▆█ | Gross Loans ($M) | $1,090 | $1,071 | $1,091 | $1,110 | $1,122 | $1,128 | $1,109 | $1,130 |
| ▄▂▃▁▇█▇█ | Total Deposits ($M) | $1,165 | $1,149 | $1,159 | $1,140 | $1,189 | $1,199 | $1,190 | $1,200 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 11% |