Latest Quarterly Report
Filed: 2026-05-08
Key Insights
- Total assets increased to $1.74 billion as of Q1 2026 from $1.735 billion at year-end 2025, demonstrating modest organic growth in the bank's asset base during the first quarter.
- Earnings per share remained flat at $0.01 for Q1 2026 compared to Q1 2025, suggesting profitability challenges or potential net income decline despite asset growth.
- The bank maintains a diverse loan portfolio across commercial, real estate construction, residential, and equity line segments across multiple geographic regions including California, New York, Washington, and Hong Kong operations.
- Other real estate owned (OREO) holdings decreased from $33.0 million to $23.1 million year-over-year, indicating improved asset quality and progress in resolving troubled assets.