Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.23 | 1.60% |
| Return on Equity (%) | ▲ | 14.41% | +2.34 | 12.07% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.38 | 3.98% |
| Efficiency Ratio (%) | ▲ | 57.76% | -5.96 | 63.73% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.05 | $6 |
| Cost of Funds (%) | ▲ | 2.07% | -0.22 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,402 | +94.61 | $1,307 |
| Gross Loans ($M) | ▲ | $1,117 | +104.23 | $1,012 |
| Loan Growth YoY (%) | ▲ | 95.43% | +5.04 | 90.39% |
| Total Deposits ($M) | ▲ | $1,159 | +50.66 | $1,109 |
| Shareholders Equity ($M) | ▲ | $178 | +4.72 | $173 |
| Tang. Book Value ($M) | ▲ | $167 | +4.91 | $162 |
| TBV excl. AOCI ($M)** | ▲ | $177 | +5.69 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 95.43% | +5.04 | 90.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.33 | 0.51% |
| Allowance / Loans (%) | — | 0.92% | -0.10% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.40 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.37% | -1.07 | 15.44% |
Noninterest income ($5.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▄▁▃▅▆█ | Net Interest Margin (%) | 4.08% | 4.13% | 4.15% | 3.98% | 4.08% | 4.17% | 4.25% | 4.35% |
| ▆█▅▁▁▅██ | Return on Assets (%) | 1.74% | 1.80% | 1.72% | 1.60% | 1.58% | 1.73% | 1.83% | 1.83% |
| ▅▃▄█▇▄▃▁ | Efficiency Ratio (%) | 61.1% | 59.9% | 60.7% | 63.7% | 62.5% | 60.6% | 59.7% | 57.8% |
| ██▆▅▅▄▃▁ | Cost of Funds (%) | 2.49% | 2.51% | 2.37% | 2.29% | 2.32% | 2.27% | 2.22% | 2.07% |
| ▁▂▃▂▅▅▆█ | NPA / Assets (%) | 0.45% | 0.51% | 0.58% | 0.51% | 0.65% | 0.65% | 0.70% | 0.84% |
| ▁▁▃▂▅▅▆█ | Net Charge-Off Ratio (%) | 0.56% | 0.60% | 0.71% | 0.66% | 0.82% | 0.83% | 0.90% | 1.05% |
| ▁▂▁▃▄▇▆█ | Tang. Book Value ($M) | $161 | $161 | $160 | $162 | $163 | $166 | $164 | $167 |
| ▁▂▁▂▄▅▅█ | Gross Loans ($M) | $990 | $1,012 | $998 | $1,012 | $1,039 | $1,060 | $1,061 | $1,117 |
| ▁▁▄▆▆█▇█ | Total Deposits ($M) | $1,022 | $1,035 | $1,079 | $1,109 | $1,118 | $1,148 | $1,136 | $1,159 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |