Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.30 | 0.29% |
| Return on Equity (%) | ▲ | 6.71% | +3.18 | 3.53% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.41 | 2.84% |
| Efficiency Ratio (%) | ▲ | 82.15% | -8.61 | 90.76% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.43 | $1 |
| Cost of Funds (%) | ▲ | 1.43% | -0.23 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,372 | +17.52 | $1,354 |
| Gross Loans ($M) | ▲ | $1,046 | +31.20 | $1,015 |
| Loan Growth YoY (%) | ▲ | 84.80% | +1.23 | 83.57% |
| Total Deposits ($M) | ▲ | $1,220 | +19.73 | $1,200 |
| Shareholders Equity ($M) | ▲ | $123 | +10.93 | $112 |
| Tang. Book Value ($M) | ▲ | $116 | +11.02 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +10.26 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 84.80% | +1.23 | 83.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.05% | -0.19 | 1.24% |
| Allowance / Loans (%) | — | 1.10% | -0.06% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 1.37% | -0.27 | 1.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.24% | +0.66 | 13.58% |
Noninterest income ($4.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.76% | 2.75% | 2.75% | 2.84% | 2.91% | 2.97% | 3.03% | 3.25% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.18% | 0.21% | 0.23% | 0.29% | 0.34% | 0.39% | 0.44% | 0.59% |
| ██▇▇▅▄▄▁ | Efficiency Ratio (%) | 93.3% | 92.5% | 91.8% | 90.8% | 89.0% | 87.5% | 86.9% | 82.1% |
| ▇██▅▄▃▃▁ | Cost of Funds (%) | 1.73% | 1.83% | 1.82% | 1.67% | 1.61% | 1.58% | 1.53% | 1.43% |
| ▁▃▅█▇▇▇▇ | NPA / Assets (%) | 0.31% | 0.60% | 0.78% | 1.24% | 1.05% | 1.05% | 1.03% | 1.05% |
| ▁▃▅█▇▇▇▇ | Net Charge-Off Ratio (%) | 0.39% | 0.77% | 1.02% | 1.64% | 1.42% | 1.43% | 1.35% | 1.37% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $98 | $104 | $101 | $105 | $108 | $111 | $114 | $116 |
| ▃▂▁▁▂▃█▇ | Gross Loans ($M) | $1,024 | $1,019 | $1,011 | $1,015 | $1,018 | $1,023 | $1,057 | $1,046 |
| ▁▃▅▆████ | Total Deposits ($M) | $1,132 | $1,155 | $1,181 | $1,200 | $1,224 | $1,225 | $1,223 | $1,220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 9% |