Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.03 | 1.44% |
| Return on Equity (%) | ▲ | 14.92% | +0.99 | 13.93% |
| Net Interest Margin (%) | ▲ | 4.58% | +0.38 | 4.21% |
| Efficiency Ratio (%) | ▲ | 70.30% | -1.80 | 72.10% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.22 | $6 |
| Cost of Funds (%) | ▲ | 1.48% | -0.35 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,618 | +255.78 | $1,362 |
| Gross Loans ($M) | ▲ | $1,186 | +102.23 | $1,084 |
| Loan Growth YoY (%) | ▼ | 83.50% | -8.64 | 92.14% |
| Total Deposits ($M) | ▲ | $1,399 | +237.57 | $1,162 |
| Shareholders Equity ($M) | ▲ | $159 | +16.74 | $142 |
| Tang. Book Value ($M) | ▲ | $145 | +12.31 | $132 |
| TBV excl. AOCI ($M)** | ▲ | $151 | +15.75 | $135 |
| Loan / Deposit Ratio (%) | ▼ | 83.50% | -8.64 | 92.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.26 | 0.15% |
| Allowance / Loans (%) | — | 1.47% | 0.25% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.37 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.54% | +0.01 | 13.53% |
Noninterest income ($8.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▇█ | Net Interest Margin (%) | 4.10% | 4.12% | 4.16% | 4.21% | 4.30% | 4.35% | 4.50% | 4.58% |
| ▁▂▇▁█▄▅▃ | Return on Assets (%) | 1.43% | 1.45% | 1.53% | 1.44% | 1.56% | 1.49% | 1.50% | 1.48% |
| ██▅▄▃▅▆▁ | Efficiency Ratio (%) | 74.1% | 73.7% | 72.6% | 72.1% | 71.5% | 72.7% | 73.1% | 70.3% |
| ▇█▇▅▄▄▂▁ | Cost of Funds (%) | 2.00% | 2.17% | 2.04% | 1.83% | 1.82% | 1.80% | 1.65% | 1.48% |
| ▅▅▅▂▁▃██ | NPA / Assets (%) | 0.26% | 0.29% | 0.27% | 0.15% | 0.07% | 0.20% | 0.42% | 0.41% |
| ▄▅▅▂▁▃██ | Net Charge-Off Ratio (%) | 0.31% | 0.36% | 0.33% | 0.19% | 0.09% | 0.25% | 0.52% | 0.55% |
| ▁▂▂▄▆▇▇█ | Tang. Book Value ($M) | $123 | $126 | $127 | $132 | $137 | $141 | $141 | $145 |
| ▂▂▁▁▁▁█▇ | Gross Loans ($M) | $1,103 | $1,088 | $1,084 | $1,084 | $1,067 | $1,080 | $1,219 | $1,186 |
| ▁▁▁▂▁▁▇█ | Total Deposits ($M) | $1,138 | $1,151 | $1,133 | $1,162 | $1,135 | $1,126 | $1,340 | $1,399 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 12% |