Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.19 | 1.14% |
| Return on Equity (%) | ▲ | 10.72% | +0.63 | 10.09% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.37 | 3.48% |
| Efficiency Ratio (%) | ▲ | 50.81% | -6.36 | 57.17% |
| Pre-Provision Profit ($M) | ▲ | $15 | +4.02 | $11 |
| Cost of Funds (%) | ▲ | 1.84% | -0.17 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,034 | +165.83 | $2,868 |
| Gross Loans ($M) | ▲ | $2,406 | +103.09 | $2,303 |
| Loan Growth YoY (%) | ▼ | 94.10% | -0.75 | 94.86% |
| Total Deposits ($M) | ▲ | $2,521 | +127.04 | $2,394 |
| Shareholders Equity ($M) | ▲ | $374 | +49.58 | $325 |
| Tang. Book Value ($M) | ▲ | $356 | +49.33 | $307 |
| TBV excl. AOCI ($M)** | ▲ | $373 | +51.10 | $322 |
| Loan / Deposit Ratio (%) | ▼ | 94.10% | -0.75 | 94.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.66 | 0.34% |
| Allowance / Loans (%) | — | 1.40% | 0.00% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 1.24% | +0.81 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.65% | +1.23 | 12.42% |
Noninterest income ($4.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▄▅█ | Net Interest Margin (%) | 3.40% | 3.41% | 3.42% | 3.48% | 3.50% | 3.59% | 3.65% | 3.84% |
| ▁▂▁▃▃▄▂█ | Return on Assets (%) | 1.07% | 1.11% | 1.04% | 1.14% | 1.13% | 1.17% | 1.10% | 1.32% |
| █▇█▅▄▄▄▁ | Efficiency Ratio (%) | 62.7% | 61.3% | 62.9% | 57.2% | 56.1% | 56.0% | 56.8% | 50.8% |
| ▆█▄▃▃▅▃▁ | Cost of Funds (%) | 2.19% | 2.32% | 2.05% | 2.01% | 2.00% | 2.10% | 1.99% | 1.84% |
| ▁▁▁▂▄▄██ | NPA / Assets (%) | 0.20% | 0.21% | 0.22% | 0.34% | 0.52% | 0.54% | 1.01% | 1.00% |
| ▁▁▁▂▃▄██ | Net Charge-Off Ratio (%) | 0.26% | 0.27% | 0.27% | 0.43% | 0.62% | 0.63% | 1.22% | 1.24% |
| ▁▃▃▃▅▆██ | Tang. Book Value ($M) | $279 | $299 | $300 | $307 | $319 | $328 | $351 | $356 |
| ▁▁▄▅████ | Gross Loans ($M) | $2,166 | $2,165 | $2,268 | $2,303 | $2,405 | $2,424 | $2,413 | $2,406 |
| ▂▁▂▄▇▇▆█ | Total Deposits ($M) | $2,319 | $2,287 | $2,345 | $2,394 | $2,486 | $2,487 | $2,459 | $2,521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 12% |