Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.19 | 1.21% |
| Return on Equity (%) | ▼ | 8.76% | -2.13 | 10.89% |
| Net Interest Margin (%) | ▼ | 3.11% | -0.17 | 3.28% |
| Efficiency Ratio (%) | ▼ | 61.93% | +1.22 | 60.71% |
| Pre-Provision Profit ($M) | ▼ | $9 | -0.08 | $9 |
| Cost of Funds (%) | ▲ | 1.39% | -0.03 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,301 | +178.57 | $2,122 |
| Gross Loans ($M) | ▲ | $972 | +4.81 | $967 |
| Loan Growth YoY (%) | ▼ | 49.44% | -2.75 | 52.20% |
| Total Deposits ($M) | ▲ | $1,943 | +113.66 | $1,830 |
| Shareholders Equity ($M) | ▲ | $259 | +18.98 | $240 |
| Tang. Book Value ($M) | ▲ | $247 | +19.05 | $228 |
| TBV excl. AOCI ($M)** | ▲ | $296 | +24.11 | $272 |
| Loan / Deposit Ratio (%) | ▼ | 49.44% | -2.75 | 52.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.02 | 0.17% |
| Allowance / Loans (%) | — | 1.17% | -0.11% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.07 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▆▇▇██▁ | Net Interest Margin (%) | 3.21% | 3.26% | 3.26% | 3.28% | 3.30% | 3.31% | 3.33% | 3.11% |
| ███▅███▁ | Return on Assets (%) | 1.36% | 1.36% | 1.35% | 1.21% | 1.34% | 1.36% | 1.33% | 1.01% |
| ▃▁▁▇▂▁▁█ | Efficiency Ratio (%) | 58.2% | 57.2% | 57.1% | 60.7% | 58.1% | 57.2% | 57.0% | 61.9% |
| ▇█▅▂▂▅▆▁ | Cost of Funds (%) | 1.52% | 1.53% | 1.47% | 1.42% | 1.42% | 1.48% | 1.48% | 1.39% |
| ▁▂▄▄▆█▇▆ | NPA / Assets (%) | 0.12% | 0.14% | 0.17% | 0.17% | 0.20% | 0.22% | 0.20% | 0.19% |
| ▁▂▄▄▆█▇▆ | Net Charge-Off Ratio (%) | 0.23% | 0.29% | 0.36% | 0.36% | 0.43% | 0.51% | 0.47% | 0.43% |
| ▁▃▃▄▅▇█▇ | Tang. Book Value ($M) | $205 | $220 | $219 | $228 | $237 | $250 | $260 | $247 |
| █▆▂▂▃▂▁▃ | Gross Loans ($M) | $1,016 | $998 | $962 | $967 | $972 | $965 | $953 | $972 |
| ▁▃▄▃▄▆▆█ | Total Deposits ($M) | $1,772 | $1,825 | $1,838 | $1,830 | $1,839 | $1,897 | $1,901 | $1,943 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 14% |
| Consumer | 22% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |