Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.24 | 1.14% |
| Return on Equity (%) | ▼ | 8.06% | -2.78 | 10.84% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.07 | 4.01% |
| Efficiency Ratio (%) | ▲ | 70.66% | -3.04 | 73.69% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.43 | $3 |
| Cost of Funds (%) | ▲ | 1.07% | -0.09 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,107 | +0.31 | $1,106 |
| Gross Loans ($M) | ▼ | $626 | -2.21 | $628 |
| Loan Growth YoY (%) | ▲ | 64.20% | +0.12 | 64.08% |
| Total Deposits ($M) | ▼ | $964 | -5.53 | $969 |
| Shareholders Equity ($M) | ▲ | $124 | +5.66 | $118 |
| Tang. Book Value ($M) | ▲ | $123 | +5.72 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +6.91 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 64.20% | +0.12 | 64.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.23 | 0.61% |
| Allowance / Loans (%) | — | 1.21% | 0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.11% | +0.29 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.23% | -0.05 | 19.29% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▂███▅ | Net Interest Margin (%) | 3.98% | 4.02% | 4.06% | 4.01% | 4.14% | 4.14% | 4.15% | 4.08% |
| ▇██▆▅▄▁▁ | Return on Assets (%) | 1.20% | 1.25% | 1.22% | 1.14% | 1.07% | 1.03% | 0.86% | 0.90% |
| ▂▁▁█▄▄█▄ | Efficiency Ratio (%) | 69.3% | 68.3% | 68.2% | 73.7% | 71.0% | 70.4% | 74.0% | 70.7% |
| ▁▆█▇▇▇▅▄ | Cost of Funds (%) | 0.94% | 1.15% | 1.22% | 1.16% | 1.15% | 1.17% | 1.10% | 1.07% |
| ▆█▁▁▁▁▃▇ | NPA / Assets (%) | 0.80% | 0.89% | 0.58% | 0.61% | 0.60% | 0.57% | 0.67% | 0.84% |
| ▇█▁▂▁▁▃▆ | Net Charge-Off Ratio (%) | 1.22% | 1.28% | 0.76% | 0.82% | 0.81% | 0.74% | 0.90% | 1.11% |
| ▁▅▂▅▇█▇▇ | Tang. Book Value ($M) | $108 | $118 | $111 | $117 | $122 | $126 | $122 | $123 |
| ▁█▅▅▃▃▃▄ | Gross Loans ($M) | $612 | $643 | $630 | $628 | $620 | $621 | $622 | $626 |
| ▁▄▂███▅▇ | Total Deposits ($M) | $934 | $949 | $940 | $969 | $969 | $971 | $957 | $964 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 19% |