Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.55 | 1.37% |
| Return on Equity (%) | ▲ | 21.82% | +3.11 | 18.71% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.19 | 3.01% |
| Efficiency Ratio (%) | ▼ | 60.47% | +0.32 | 60.14% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.43 | $6 |
| Cost of Funds (%) | ▲ | 1.51% | -0.10 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,602 | +72.80 | $1,529 |
| Gross Loans ($M) | ▲ | $915 | +50.22 | $865 |
| Loan Growth YoY (%) | ▲ | 63.11% | +1.74 | 61.37% |
| Total Deposits ($M) | ▲ | $1,431 | +40.17 | $1,391 |
| Shareholders Equity ($M) | ▲ | $144 | +29.41 | $114 |
| Tang. Book Value ($M) | ▲ | $144 | +29.41 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $166 | +30.36 | $136 |
| Loan / Deposit Ratio (%) | ▲ | 63.11% | +1.74 | 61.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.06 | 0.02% |
| Allowance / Loans (%) | — | 1.31% | 0.01% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.11 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.33% | +0.52 | 14.81% |
Noninterest income ($3.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▇▇██ | Net Interest Margin (%) | 2.82% | 2.86% | 2.93% | 3.01% | 3.12% | 3.15% | 3.20% | 3.19% |
| ▁▁▂▃▃▃▃█ | Return on Assets (%) | 1.17% | 1.23% | 1.32% | 1.37% | 1.42% | 1.41% | 1.44% | 1.91% |
| █▆▃▂▁▂▁▂ | Efficiency Ratio (%) | 64.2% | 63.0% | 61.1% | 60.1% | 59.5% | 60.2% | 59.9% | 60.5% |
| ██▅▃▄▄▃▁ | Cost of Funds (%) | 1.78% | 1.81% | 1.69% | 1.61% | 1.64% | 1.64% | 1.61% | 1.51% |
| ▁▁▁▁▄█▇▆ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% | 0.10% | 0.09% | 0.08% |
| ▁▁▁▁▄█▇▆ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.03% | 0.09% | 0.18% | 0.16% | 0.14% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $99 | $112 | $107 | $114 | $117 | $129 | $134 | $144 |
| ▁▂▄▅▆███ | Gross Loans ($M) | $799 | $817 | $850 | $865 | $878 | $901 | $902 | $915 |
| ▁▁▅▆▅▆▇█ | Total Deposits ($M) | $1,286 | $1,278 | $1,364 | $1,391 | $1,370 | $1,392 | $1,397 | $1,431 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |