Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.26 | 1.22% |
| Return on Equity (%) | ▲ | 16.71% | +0.98 | 15.73% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.33 | 3.03% |
| Efficiency Ratio (%) | ▲ | 54.41% | -6.01 | 60.42% |
| Pre-Provision Profit ($M) | ▲ | $12 | +3.26 | $9 |
| Cost of Funds (%) | ▲ | 2.96% | -0.21 | 3.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,610 | +185.50 | $2,424 |
| Gross Loans ($M) | ▲ | $2,044 | +138.95 | $1,905 |
| Loan Growth YoY (%) | ▲ | 93.49% | +0.01 | 93.48% |
| Total Deposits ($M) | ▲ | $2,174 | +145.76 | $2,028 |
| Shareholders Equity ($M) | ▲ | $237 | +48.78 | $188 |
| Tang. Book Value ($M) | ▲ | $221 | +48.66 | $173 |
| TBV excl. AOCI ($M)** | ▲ | $238 | +53.12 | $185 |
| Loan / Deposit Ratio (%) | ▲ | 93.49% | +0.01 | 93.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.80 | 0.54% |
| Allowance / Loans (%) | — | 0.58% | 0.09% | 0.49% |
| Net Charge-Off Ratio (%) | ▼ | 1.63% | +1.00 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.02% | +1.42 | 10.60% |
Noninterest income ($5.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▁▃▄▅█ | Net Interest Margin (%) | 3.00% | 3.07% | 3.10% | 3.03% | 3.10% | 3.15% | 3.22% | 3.36% |
| ▁▁▂▆▅▄▃█ | Return on Assets (%) | 0.70% | 0.75% | 0.83% | 1.22% | 1.17% | 1.06% | 0.96% | 1.48% |
| ██▇▂▃▄▅▁ | Efficiency Ratio (%) | 78.8% | 77.7% | 75.7% | 60.4% | 63.2% | 66.1% | 67.1% | 54.4% |
| ▁▃▄▆█▇▄▁ | Cost of Funds (%) | 2.98% | 3.07% | 3.12% | 3.18% | 3.29% | 3.24% | 3.12% | 2.96% |
| ▁▂▃▂▂▃▄█ | NPA / Assets (%) | 0.33% | 0.56% | 0.69% | 0.54% | 0.48% | 0.60% | 0.73% | 1.34% |
| ▁▂▃▂▂▃▄█ | Net Charge-Off Ratio (%) | 0.39% | 0.63% | 0.79% | 0.63% | 0.59% | 0.72% | 0.89% | 1.63% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $152 | $162 | $163 | $173 | $180 | $210 | $215 | $221 |
| ▁▂▄▅▅▇██ | Gross Loans ($M) | $1,736 | $1,801 | $1,878 | $1,905 | $1,907 | $1,978 | $2,028 | $2,044 |
| ▁▂▃▅▆██▇ | Total Deposits ($M) | $1,691 | $1,783 | $1,895 | $2,028 | $2,099 | $2,215 | $2,243 | $2,174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 24% |