Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.43 | 1.54% |
| Return on Equity (%) | ▲ | 19.60% | +3.63 | 15.97% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.17 | 4.08% |
| Efficiency Ratio (%) | ▼ | 48.37% | +0.20 | 48.18% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.43 | $4 |
| Cost of Funds (%) | ▲ | 1.50% | -0.33 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $775 | +88.04 | $687 |
| Gross Loans ($M) | ▲ | $583 | +44.76 | $539 |
| Loan Growth YoY (%) | ▼ | 83.93% | -3.68 | 87.61% |
| Total Deposits ($M) | ▲ | $688 | +79.07 | $609 |
| Shareholders Equity ($M) | ▲ | $76 | +9.34 | $67 |
| Tang. Book Value ($M) | ▲ | $70 | +7.53 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +8.87 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 83.93% | -3.68 | 87.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.06 | 0.37% |
| Allowance / Loans (%) | — | 1.02% | 0.07% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.17 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.74% | +0.33 | 11.41% |
Noninterest income ($2.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇███ | Net Interest Margin (%) | 3.37% | 3.47% | 3.61% | 4.08% | 4.13% | 4.20% | 4.28% | 4.25% |
| ▁▁▂▅▅▅▅█ | Return on Assets (%) | 1.06% | 1.13% | 1.24% | 1.54% | 1.58% | 1.59% | 1.59% | 1.97% |
| █▇▅▁▁▁▁▁ | Efficiency Ratio (%) | 54.8% | 53.5% | 51.7% | 48.2% | 48.0% | 48.6% | 48.5% | 48.4% |
| ███▄▄▄▃▁ | Cost of Funds (%) | 2.17% | 2.23% | 2.17% | 1.83% | 1.84% | 1.79% | 1.74% | 1.50% |
| ▁██▁▃▄▃█ | NPA / Assets (%) | 0.37% | 0.43% | 0.43% | 0.37% | 0.39% | 0.40% | 0.39% | 0.43% |
| ▁▃▂▁▂▂▅█ | Net Charge-Off Ratio (%) | 0.31% | 0.36% | 0.35% | 0.32% | 0.34% | 0.34% | 0.42% | 0.49% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $56 | $59 | $60 | $62 | $65 | $68 | $69 | $70 |
| ▂▃▂▁▁▃▄█ | Gross Loans ($M) | $548 | $552 | $550 | $539 | $540 | $550 | $559 | $583 |
| ▁▁▁▃▂▂▃█ | Total Deposits ($M) | $582 | $591 | $591 | $609 | $602 | $603 | $621 | $688 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 8% |
| Consumer | 50% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |