Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.16 | 0.98% |
| Return on Equity (%) | ▲ | 13.12% | +0.61 | 12.51% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.25 | 2.83% |
| Efficiency Ratio (%) | ▲ | 57.92% | -3.13 | 61.05% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.72 | $9 |
| Cost of Funds (%) | ▲ | 1.55% | -0.12 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,859 | +148.02 | $2,711 |
| Gross Loans ($M) | ▲ | $2,024 | +206.17 | $1,818 |
| Loan Growth YoY (%) | ▲ | 77.73% | +4.61 | 73.11% |
| Total Deposits ($M) | ▲ | $2,577 | +118.10 | $2,459 |
| Shareholders Equity ($M) | ▲ | $244 | +34.04 | $210 |
| Tang. Book Value ($M) | ▲ | $223 | +34.55 | $189 |
| TBV excl. AOCI ($M)** | ▲ | $249 | +33.11 | $216 |
| Loan / Deposit Ratio (%) | ▲ | 77.73% | +4.61 | 73.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.14 | 0.23% |
| Allowance / Loans (%) | — | 1.03% | -0.07% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.21 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.31% | -0.18 | 13.49% |
Noninterest income ($5.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▇█ | Net Interest Margin (%) | 2.66% | 2.65% | 2.69% | 2.83% | 2.89% | 2.92% | 2.97% | 3.08% |
| ▁▁▁▄▆▇██ | Return on Assets (%) | 0.89% | 0.87% | 0.90% | 0.98% | 1.04% | 1.07% | 1.10% | 1.13% |
| ███▄▃▃▃▁ | Efficiency Ratio (%) | 65.8% | 65.4% | 65.3% | 61.0% | 60.8% | 60.5% | 59.9% | 57.9% |
| ▆██▄▇█▆▁ | Cost of Funds (%) | 1.75% | 1.82% | 1.81% | 1.66% | 1.76% | 1.79% | 1.72% | 1.55% |
| ███▆▂▂▁▁ | NPA / Assets (%) | 0.28% | 0.29% | 0.30% | 0.23% | 0.13% | 0.11% | 0.08% | 0.09% |
| ███▆▂▁▁▁ | Net Charge-Off Ratio (%) | 0.40% | 0.40% | 0.41% | 0.33% | 0.17% | 0.14% | 0.10% | 0.12% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $172 | $184 | $181 | $189 | $196 | $208 | $217 | $223 |
| ▁▂▂▃▃▆▅█ | Gross Loans ($M) | $1,729 | $1,796 | $1,801 | $1,818 | $1,838 | $1,915 | $1,912 | $2,024 |
| ▁▄▄▆▆▆▆█ | Total Deposits ($M) | $2,171 | $2,344 | $2,342 | $2,459 | $2,436 | $2,467 | $2,468 | $2,577 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |