Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.11 | 0.71% |
| Return on Equity (%) | ▲ | 10.44% | +1.28 | 9.16% |
| Net Interest Margin (%) | ▼ | 4.29% | -0.01 | 4.31% |
| Efficiency Ratio (%) | ▲ | 78.34% | -2.41 | 80.76% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.07 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $568 | +25.37 | $543 |
| Gross Loans ($M) | ▲ | $441 | +30.01 | $411 |
| Loan Growth YoY (%) | ▲ | 85.63% | +4.21 | 81.42% |
| Total Deposits ($M) | ▲ | $509 | +11.26 | $497 |
| Shareholders Equity ($M) | ▲ | $45 | +2.55 | $42 |
| Tang. Book Value ($M) | ▲ | $45 | +2.55 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +2.48 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 85.63% | +4.21 | 81.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +0.98 | 1.15% |
| Allowance / Loans (%) | — | 1.16% | -0.22% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 2.68% | +1.17 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.12% | -0.56 | 10.68% |
Noninterest income ($1.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▁▅▆▆▁ | Net Interest Margin (%) | 4.47% | 4.42% | 4.41% | 4.31% | 4.40% | 4.42% | 4.43% | 4.29% |
| █▇█▁▄▅▇▄ | Return on Assets (%) | 0.92% | 0.90% | 0.94% | 0.71% | 0.81% | 0.84% | 0.89% | 0.82% |
| ▃▁▁█▇▄▂▃ | Efficiency Ratio (%) | 78.5% | 77.4% | 77.4% | 80.8% | 80.3% | 79.0% | 78.1% | 78.3% |
| ▂█▄▃▃▄▂▁ | Cost of Funds (%) | 1.89% | 2.06% | 1.95% | 1.92% | 1.91% | 1.93% | 1.90% | 1.84% |
| ▆▁▁▁▁▁▄█ | NPA / Assets (%) | 1.79% | 1.25% | 1.17% | 1.15% | 1.22% | 1.18% | 1.58% | 2.13% |
| ▆▁▁▁▁▁▃█ | Net Charge-Off Ratio (%) | 2.31% | 1.63% | 1.52% | 1.51% | 1.59% | 1.52% | 1.95% | 2.68% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $40 | $42 | $41 | $42 | $42 | $44 | $45 | $45 |
| ▁▂▂▃▃▇█▇ | Gross Loans ($M) | $397 | $404 | $408 | $411 | $415 | $437 | $448 | $441 |
| ▁▁▃▇▅▄▇█ | Total Deposits ($M) | $463 | $465 | $477 | $497 | $489 | $485 | $499 | $509 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |