Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.66% | -0.19 | 1.85% |
| Return on Equity (%) | ▼ | 10.14% | -1.50 | 11.64% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.07 | 3.65% |
| Efficiency Ratio (%) | ▼ | 82.02% | +1.20 | 80.82% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.65 | $5 |
| Cost of Funds (%) | ▲ | 1.70% | -0.12 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,228 | +93.71 | $1,134 |
| Gross Loans ($M) | ▲ | $897 | +71.47 | $826 |
| Loan Growth YoY (%) | ▼ | 88.83% | -0.04 | 88.87% |
| Total Deposits ($M) | ▲ | $997 | +79.78 | $917 |
| Shareholders Equity ($M) | ▲ | $206 | +21.54 | $184 |
| Tang. Book Value ($M) | ▲ | $160 | +6.70 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +8.07 | $159 |
| Loan / Deposit Ratio (%) | ▼ | 88.83% | -0.04 | 88.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.36 | 0.58% |
| Allowance / Loans (%) | — | 1.33% | 0.00% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.53 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.35% | -0.42 | 22.77% |
Noninterest income ($20.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▁▃▆▆▂ | Net Interest Margin (%) | 4.02% | 3.93% | 3.87% | 3.65% | 3.78% | 3.89% | 3.90% | 3.72% |
| ▃▅█▂█▇▇▁ | Return on Assets (%) | 2.19% | 2.37% | 3.07% | 1.85% | 2.99% | 2.77% | 2.74% | 1.66% |
| ▅▄▁█▁▂▃█ | Efficiency Ratio (%) | 76.9% | 76.1% | 70.7% | 80.8% | 72.0% | 73.2% | 73.7% | 82.0% |
| ▁▇███▃▅▃ | Cost of Funds (%) | 1.63% | 1.80% | 1.85% | 1.82% | 1.84% | 1.69% | 1.76% | 1.70% |
| ▁▁▂▄▅█▇█ | NPA / Assets (%) | 0.34% | 0.32% | 0.47% | 0.58% | 0.65% | 0.90% | 0.79% | 0.93% |
| ▁▁▂▃▄█▇█ | Net Charge-Off Ratio (%) | 0.50% | 0.45% | 0.62% | 0.75% | 0.86% | 1.19% | 1.11% | 1.28% |
| ▁▅▃▅██▇█ | Tang. Book Value ($M) | $145 | $153 | $149 | $153 | $160 | $161 | $159 | $160 |
| ▁▃▃▄▄▆██ | Gross Loans ($M) | $770 | $809 | $807 | $826 | $832 | $857 | $892 | $897 |
| ▁▁▃▂▂▃█▇ | Total Deposits ($M) | $891 | $898 | $927 | $917 | $923 | $940 | $1,026 | $997 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 13% |