Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.13 | 0.55% |
| Return on Equity (%) | ▲ | 13.33% | +0.08 | 13.25% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.34 | 2.96% |
| Efficiency Ratio (%) | ▲ | 72.22% | -3.34 | 75.56% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.07 | $3 |
| Cost of Funds (%) | ▲ | 1.56% | -0.22 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,529 | -56.86 | $1,586 |
| Gross Loans ($M) | ▲ | $846 | +41.78 | $804 |
| Loan Growth YoY (%) | ▼ | 62.17% | -2.54 | 64.71% |
| Total Deposits ($M) | ▲ | $1,346 | +115.46 | $1,231 |
| Shareholders Equity ($M) | ▲ | $80 | +15.51 | $65 |
| Tang. Book Value ($M) | ▲ | $67 | +15.62 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +12.88 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 62.17% | -2.54 | 64.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.06 | 0.34% |
| Allowance / Loans (%) | — | 1.05% | 0.10% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.02 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.44% | +0.46 | 11.99% |
Noninterest income ($4.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.66% | 2.66% | 2.71% | 2.96% | 2.97% | 3.00% | 3.08% | 3.30% |
| ▇▁▁▄▃▅▅█ | Return on Assets (%) | 0.64% | 0.48% | 0.47% | 0.55% | 0.54% | 0.58% | 0.59% | 0.68% |
| ▁▆█████▃ | Efficiency Ratio (%) | 70.0% | 74.4% | 75.7% | 75.6% | 76.0% | 75.6% | 75.9% | 72.2% |
| ▇█▆▃▂▃▃▁ | Cost of Funds (%) | 2.09% | 2.20% | 2.02% | 1.78% | 1.64% | 1.73% | 1.76% | 1.56% |
| ▂▂▁▁██▃▆ | NPA / Assets (%) | 0.35% | 0.35% | 0.33% | 0.34% | 0.45% | 0.45% | 0.37% | 0.40% |
| ▄▄▂▂█▅▁▃ | Net Charge-Off Ratio (%) | 0.57% | 0.59% | 0.50% | 0.52% | 0.77% | 0.62% | 0.45% | 0.54% |
| ▁▂▁▂▁▄▆█ | Tang. Book Value ($M) | $49 | $52 | $50 | $52 | $51 | $58 | $62 | $67 |
| ▁▂▅▆▇███ | Gross Loans ($M) | $679 | $712 | $766 | $804 | $818 | $831 | $842 | $846 |
| ▃▁▁▅▆▄██ | Total Deposits ($M) | $1,170 | $1,093 | $1,072 | $1,231 | $1,266 | $1,183 | $1,338 | $1,346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |