Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.42 | 1.87% |
| Return on Equity (%) | ▼ | 16.78% | -5.28 | 22.06% |
| Net Interest Margin (%) | ▲ | 2.83% | +0.70 | 2.13% |
| Efficiency Ratio (%) | ▼ | 62.81% | +5.92 | 56.89% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.59 | $4 |
| Cost of Funds (%) | ▲ | 1.90% | -0.46 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $916 | -38.95 | $955 |
| Gross Loans ($M) | ▲ | $760 | +1.10 | $759 |
| Loan Growth YoY (%) | ▲ | 91.98% | +2.48 | 89.51% |
| Total Deposits ($M) | ▼ | $818 | -21.31 | $839 |
| Shareholders Equity ($M) | ▲ | $84 | +3.26 | $81 |
| Tang. Book Value ($M) | ▲ | $84 | +3.26 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +3.26 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 91.98% | +2.48 | 89.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 0.98% | -0.01% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.40% | +1.00 | 13.39% |
Noninterest income ($3.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 1.68% | 1.66% | 1.74% | 2.13% | 2.22% | 2.28% | 2.34% | 2.83% |
| ▁▁▁█▆▅▄▄ | Return on Assets (%) | 1.10% | 1.09% | 1.10% | 1.87% | 1.66% | 1.55% | 1.48% | 1.45% |
| ███▁▂▄▅▅ | Efficiency Ratio (%) | 66.1% | 65.9% | 66.6% | 56.9% | 59.0% | 60.6% | 62.0% | 62.8% |
| ██▇▃▄▄▂▁ | Cost of Funds (%) | 3.15% | 3.20% | 2.92% | 2.36% | 2.46% | 2.43% | 2.13% | 1.90% |
| ████▁▁▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% |
| ████▁▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▅▆▆▇█ | Tang. Book Value ($M) | $77 | $78 | $78 | $81 | $81 | $82 | $83 | $84 |
| ▇██▇▆▄▁▇ | Gross Loans ($M) | $760 | $768 | $771 | $759 | $752 | $740 | $714 | $760 |
| ▂▂▁▂▁▃█▁ | Total Deposits ($M) | $834 | $837 | $827 | $839 | $817 | $848 | $914 | $818 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 7% |
| Consumer | 4% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 1% |