Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.20 | 0.94% |
| Return on Equity (%) | ▲ | 10.01% | +0.73 | 9.28% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.15 | 4.29% |
| Efficiency Ratio (%) | ▲ | 64.86% | -3.43 | 68.30% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.76 | $10 |
| Cost of Funds (%) | ▲ | 1.48% | -0.12 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,791 | +199.48 | $2,591 |
| Gross Loans ($M) | ▲ | $2,131 | +160.39 | $1,970 |
| Loan Growth YoY (%) | ▲ | 86.74% | +0.01 | 86.73% |
| Total Deposits ($M) | ▲ | $2,410 | +185.05 | $2,225 |
| Shareholders Equity ($M) | ▲ | $317 | +49.81 | $267 |
| Tang. Book Value ($M) | ▲ | $291 | +50.01 | $241 |
| TBV excl. AOCI ($M)** | ▲ | $315 | +51.98 | $263 |
| Loan / Deposit Ratio (%) | ▲ | 86.74% | +0.01 | 86.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.06 | 0.14% |
| Allowance / Loans (%) | — | 1.86% | -0.17% | 2.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.02 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.43% | +0.99 | 12.44% |
Noninterest income ($8.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▅███ | Net Interest Margin (%) | 4.31% | 4.31% | 4.33% | 4.29% | 4.37% | 4.43% | 4.45% | 4.45% |
| ▁▂▃▄████ | Return on Assets (%) | 0.80% | 0.86% | 0.91% | 0.94% | 1.12% | 1.16% | 1.15% | 1.14% |
| █▇▅▆▂▁▁▁ | Efficiency Ratio (%) | 70.2% | 69.1% | 68.1% | 68.3% | 66.1% | 65.4% | 65.1% | 64.9% |
| ▅██▅▂▃▃▁ | Cost of Funds (%) | 1.61% | 1.71% | 1.69% | 1.60% | 1.52% | 1.56% | 1.56% | 1.48% |
| ▁▂▄█▆█▆▁ | NPA / Assets (%) | 0.08% | 0.09% | 0.11% | 0.14% | 0.12% | 0.14% | 0.13% | 0.08% |
| ▆▅▁▇▄█▅▅ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.07% | 0.12% | 0.09% | 0.13% | 0.10% | 0.10% |
| ▁▂▁▃▆▇██ | Tang. Book Value ($M) | $221 | $232 | $230 | $241 | $271 | $282 | $289 | $291 |
| ▁▂▂▃▅▅▇█ | Gross Loans ($M) | $1,898 | $1,954 | $1,941 | $1,970 | $2,036 | $2,040 | $2,094 | $2,131 |
| ▁▁▂▃▄▆▇█ | Total Deposits ($M) | $2,118 | $2,146 | $2,182 | $2,225 | $2,261 | $2,306 | $2,355 | $2,410 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 3% |
| Consumer | 22% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 14% |