Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.13 | 1.04% |
| Return on Equity (%) | ▲ | 10.96% | +0.23 | 10.73% |
| Net Interest Margin (%) | ▲ | 3.61% | +0.10 | 3.50% |
| Efficiency Ratio (%) | ▲ | 66.77% | -2.68 | 69.45% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.21 | $3 |
| Cost of Funds (%) | ▲ | 1.15% | -0.26 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $737 | -14.06 | $751 |
| Gross Loans ($M) | ▼ | $434 | -37.95 | $472 |
| Loan Growth YoY (%) | ▼ | 65.92% | -4.34 | 70.25% |
| Total Deposits ($M) | ▼ | $651 | -13.85 | $665 |
| Shareholders Equity ($M) | ▲ | $78 | +4.45 | $74 |
| Tang. Book Value ($M) | ▲ | $76 | +4.40 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +6.05 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 65.92% | -4.34 | 70.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.16 | 0.40% |
| Allowance / Loans (%) | — | 1.25% | 0.10% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.13 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.23% | +1.95 | 14.28% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇████ | Net Interest Margin (%) | 2.91% | 2.96% | 3.07% | 3.50% | 3.54% | 3.58% | 3.62% | 3.61% |
| ▁▂▂▆▆▆▇█ | Return on Assets (%) | 0.69% | 0.76% | 0.79% | 1.04% | 1.02% | 1.03% | 1.10% | 1.18% |
| █▇▆▃▄▄▂▁ | Efficiency Ratio (%) | 74.7% | 73.4% | 72.3% | 69.4% | 69.8% | 70.0% | 68.2% | 66.8% |
| ▇█▆▃▃▃▂▁ | Cost of Funds (%) | 1.76% | 1.87% | 1.69% | 1.41% | 1.38% | 1.36% | 1.27% | 1.15% |
| ████▅▁▁▅ | NPA / Assets (%) | 0.40% | 0.41% | 0.40% | 0.40% | 0.24% | 0.05% | 0.04% | 0.24% |
| ██▃▃▁▁▁▅ | Net Charge-Off Ratio (%) | 0.69% | 0.71% | 0.28% | 0.28% | 0.08% | 0.08% | 0.07% | 0.41% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $69 | $70 | $71 | $72 | $73 | $74 | $75 | $76 |
| █▆█▇▇▅▂▁ | Gross Loans ($M) | $479 | $468 | $474 | $472 | $471 | $461 | $441 | $434 |
| █▇▃▃▂▁▁▂ | Total Deposits ($M) | $731 | $714 | $658 | $665 | $651 | $638 | $628 | $651 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |