Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.09 | 0.71% |
| Return on Equity (%) | ▲ | 13.40% | +0.48 | 12.92% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.09 | 2.93% |
| Efficiency Ratio (%) | ▼ | 75.94% | +0.91 | 75.03% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.14 | $3 |
| Cost of Funds (%) | ▲ | 1.99% | -0.08 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,625 | +100.51 | $1,524 |
| Gross Loans ($M) | ▲ | $1,183 | +15.79 | $1,167 |
| Loan Growth YoY (%) | ▼ | 97.56% | -0.24 | 97.80% |
| Total Deposits ($M) | ▲ | $1,204 | +19.13 | $1,185 |
| Shareholders Equity ($M) | ▲ | $96 | +10.74 | $86 |
| Tang. Book Value ($M) | ▲ | $92 | +10.64 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +13.94 | $94 |
| Loan / Deposit Ratio (%) | ▼ | 97.56% | -0.24 | 97.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.82% | -0.16 | 0.98% |
| Allowance / Loans (%) | — | 0.68% | -0.01% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 1.13% | -0.16 | 1.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.03% | +0.38 | 11.66% |
Noninterest income ($2.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▅▇███ | Net Interest Margin (%) | 2.84% | 2.81% | 2.86% | 2.93% | 3.00% | 3.04% | 3.04% | 3.02% |
| ▄▁▃▅▅█▇█ | Return on Assets (%) | 0.69% | 0.59% | 0.66% | 0.71% | 0.70% | 0.78% | 0.77% | 0.80% |
| █▆▃▂▆▁▂▄ | Efficiency Ratio (%) | 77.8% | 76.9% | 75.3% | 75.0% | 76.6% | 74.3% | 75.0% | 75.9% |
| ▁▁▅▄█▂▃▁ | Cost of Funds (%) | 1.98% | 2.01% | 2.10% | 2.07% | 2.20% | 2.01% | 2.05% | 1.99% |
| ▁▁▁██▇▇▇ | NPA / Assets (%) | 0.14% | 0.13% | 0.12% | 0.98% | 1.03% | 0.86% | 0.85% | 0.82% |
| ▁▁▁██▇▇▇ | Net Charge-Off Ratio (%) | 0.19% | 0.17% | 0.16% | 1.28% | 1.37% | 1.14% | 1.17% | 1.13% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $76 | $84 | $79 | $82 | $83 | $89 | $93 | $92 |
| ▁▆██▅███ | Gross Loans ($M) | $1,014 | $1,128 | $1,163 | $1,167 | $1,114 | $1,181 | $1,181 | $1,183 |
| ▁▆▆▇▃▇██ | Total Deposits ($M) | $1,057 | $1,177 | $1,171 | $1,185 | $1,108 | $1,194 | $1,218 | $1,204 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 3% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |