Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.21 | 0.89% |
| Return on Equity (%) | ▲ | 14.37% | +0.80 | 13.57% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.32 | 3.80% |
| Efficiency Ratio (%) | ▲ | 69.71% | -0.31 | 70.02% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.01 | $8 |
| Cost of Funds (%) | ▲ | 1.62% | -0.21 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,460 | +65.03 | $2,395 |
| Gross Loans ($M) | ▲ | $1,628 | +58.09 | $1,570 |
| Loan Growth YoY (%) | ▼ | 79.68% | -0.03 | 79.71% |
| Total Deposits ($M) | ▲ | $2,016 | +71.42 | $1,945 |
| Shareholders Equity ($M) | ▲ | $188 | +28.67 | $159 |
| Tang. Book Value ($M) | ▲ | $186 | +28.70 | $157 |
| TBV excl. AOCI ($M)** | ▲ | $217 | +29.60 | $187 |
| Loan / Deposit Ratio (%) | ▼ | 79.68% | -0.03 | 79.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.99% | +0.04 | 0.95% |
| Allowance / Loans (%) | — | 1.31% | 0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 1.49% | +0.08 | 1.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.27% | +0.88 | 11.38% |
Noninterest income ($4.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▆█ | Net Interest Margin (%) | 3.79% | 3.80% | 3.80% | 3.80% | 3.91% | 3.92% | 4.01% | 4.12% |
| ▄▇▇▁▄▆▆█ | Return on Assets (%) | 0.98% | 1.06% | 1.07% | 0.89% | 0.99% | 1.04% | 1.04% | 1.10% |
| █▄▄▅▂▁▁▄ | Efficiency Ratio (%) | 72.1% | 69.8% | 69.8% | 70.0% | 68.3% | 67.7% | 67.9% | 69.7% |
| ▆██▆▆▆▅▁ | Cost of Funds (%) | 1.84% | 1.93% | 1.95% | 1.84% | 1.84% | 1.86% | 1.80% | 1.62% |
| ▁▂▃▃█▅▇▃ | NPA / Assets (%) | 0.66% | 0.83% | 0.93% | 0.95% | 1.57% | 1.21% | 1.39% | 0.99% |
| ▁▂▃▃█▅▇▃ | Net Charge-Off Ratio (%) | 1.02% | 1.27% | 1.38% | 1.41% | 2.34% | 1.84% | 2.11% | 1.49% |
| ▁▃▂▃▃▇██ | Tang. Book Value ($M) | $140 | $158 | $149 | $157 | $156 | $176 | $187 | $186 |
| ▁▂▃▅██▇█ | Gross Loans ($M) | $1,489 | $1,519 | $1,543 | $1,570 | $1,641 | $1,644 | $1,611 | $1,628 |
| ▁▂▁▄▆█▆▇ | Total Deposits ($M) | $1,870 | $1,904 | $1,881 | $1,945 | $2,012 | $2,061 | $2,007 | $2,016 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 19% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |