Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.27 | 0.38% |
| Return on Equity (%) | ▲ | 7.38% | +2.68 | 4.70% |
| Net Interest Margin (%) | ▲ | 3.14% | +0.51 | 2.63% |
| Efficiency Ratio (%) | ▲ | 73.87% | -7.60 | 81.46% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.96 | $3 |
| Cost of Funds (%) | ▲ | 1.06% | -0.33 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,126 | -32.24 | $2,158 |
| Gross Loans ($M) | ▼ | $1,391 | -21.25 | $1,413 |
| Loan Growth YoY (%) | ▼ | 77.75% | -2.10 | 79.85% |
| Total Deposits ($M) | ▲ | $1,772 | +21.18 | $1,751 |
| Shareholders Equity ($M) | ▲ | $190 | +11.44 | $178 |
| Tang. Book Value ($M) | ▲ | $154 | +11.51 | $143 |
| TBV excl. AOCI ($M)** | ▲ | $178 | +13.49 | $165 |
| Loan / Deposit Ratio (%) | ▼ | 77.75% | -2.10 | 79.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.04 | 0.06% |
| Allowance / Loans (%) | — | 0.99% | -0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.31% | +0.87 | 13.43% |
Noninterest income ($3.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 2.53% | 2.50% | 2.51% | 2.63% | 2.70% | 2.76% | 2.82% | 3.14% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.29% | 0.27% | 0.24% | 0.38% | 0.44% | 0.46% | 0.49% | 0.65% |
| ▇██▆▅▅▅▁ | Efficiency Ratio (%) | 82.5% | 84.2% | 84.2% | 81.5% | 79.8% | 79.8% | 80.0% | 73.9% |
| ▇██▆▅▄▃▁ | Cost of Funds (%) | 1.45% | 1.57% | 1.54% | 1.39% | 1.35% | 1.28% | 1.24% | 1.06% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.63% | 0.10% | 0.06% | 0.06% | 0.07% | 0.05% | 0.11% | 0.10% |
| █▂▁▁▁▁▂▂ | Net Charge-Off Ratio (%) | 0.60% | 0.16% | 0.09% | 0.09% | 0.10% | 0.07% | 0.16% | 0.15% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $132 | $142 | $137 | $143 | $147 | $151 | $154 | $154 |
| ▆▃▃▄██▅▁ | Gross Loans ($M) | $1,424 | $1,409 | $1,407 | $1,413 | $1,438 | $1,444 | $1,419 | $1,391 |
| ▄▁▂▄▆███ | Total Deposits ($M) | $1,750 | $1,729 | $1,740 | $1,751 | $1,760 | $1,776 | $1,774 | $1,772 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |