Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.28 | 1.39% |
| Return on Equity (%) | ▲ | 8.84% | +0.70 | 8.14% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.33 | 3.56% |
| Efficiency Ratio (%) | ▲ | 48.51% | -0.04 | 48.55% |
| Pre-Provision Profit ($M) | ▲ | $16 | +1.22 | $15 |
| Cost of Funds (%) | ▲ | 1.35% | -0.27 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,933 | -17.45 | $2,951 |
| Gross Loans ($M) | ▼ | $1,662 | -7.98 | $1,670 |
| Loan Growth YoY (%) | ▲ | 69.50% | +1.74 | 67.76% |
| Total Deposits ($M) | ▼ | $2,317 | -75.55 | $2,393 |
| Shareholders Equity ($M) | ▲ | $555 | +49.41 | $506 |
| Tang. Book Value ($M) | ▲ | $553 | +49.95 | $503 |
| TBV excl. AOCI ($M)** | ▲ | $609 | +52.23 | $557 |
| Loan / Deposit Ratio (%) | ▲ | 69.50% | +1.74 | 67.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -1.02 | 1.59% |
| Allowance / Loans (%) | — | 3.10% | 0.19% | 2.91% |
| Net Charge-Off Ratio (%) | ▲ | 1.02% | -1.79 | 2.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▂▁▂▅▇█ | Net Interest Margin (%) | 3.70% | 3.62% | 3.63% | 3.56% | 3.63% | 3.73% | 3.83% | 3.89% |
| ▃▁▁▄▄▆▆█ | Return on Assets (%) | 1.32% | 1.16% | 1.21% | 1.39% | 1.41% | 1.50% | 1.50% | 1.68% |
| ▆▇█▇▆▅▁▇ | Efficiency Ratio (%) | 48.0% | 48.4% | 48.9% | 48.6% | 48.2% | 47.7% | 46.4% | 48.5% |
| ██▇▆▆▅▃▁ | Cost of Funds (%) | 1.75% | 1.79% | 1.68% | 1.62% | 1.66% | 1.60% | 1.50% | 1.35% |
| ▄█▇▇▆▅▄▁ | NPA / Assets (%) | 1.21% | 1.91% | 1.60% | 1.59% | 1.53% | 1.25% | 1.13% | 0.58% |
| ▄█▇▇▆▄▄▁ | Net Charge-Off Ratio (%) | 2.03% | 3.33% | 2.83% | 2.82% | 2.64% | 2.15% | 1.93% | 1.02% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $469 | $491 | $485 | $503 | $519 | $539 | $552 | $553 |
| ▃▂▁▅▆▆█▄ | Gross Loans ($M) | $1,649 | $1,644 | $1,622 | $1,670 | $1,682 | $1,688 | $1,714 | $1,662 |
| ▁▅▅█▅▅▄▅ | Total Deposits ($M) | $2,237 | $2,323 | $2,326 | $2,393 | $2,326 | $2,321 | $2,302 | $2,317 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |