Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.03 | 1.08% |
| Return on Equity (%) | ▼ | 10.47% | -1.53 | 12.00% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.17 | 4.07% |
| Efficiency Ratio (%) | ▲ | 70.17% | -1.26 | 71.43% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.64 | $4 |
| Cost of Funds (%) | ▲ | 1.01% | -0.06 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,259 | +71.74 | $1,188 |
| Gross Loans ($M) | ▲ | $772 | +39.14 | $733 |
| Loan Growth YoY (%) | ▲ | 67.88% | +0.27 | 67.62% |
| Total Deposits ($M) | ▲ | $1,124 | +53.43 | $1,070 |
| Shareholders Equity ($M) | ▲ | $127 | +16.87 | $110 |
| Tang. Book Value ($M) | ▲ | $122 | +16.86 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +16.36 | $123 |
| Loan / Deposit Ratio (%) | ▲ | 67.88% | +0.27 | 67.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.47% | -0.19 | 0.65% |
| Allowance / Loans (%) | — | 1.18% | -0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.31 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.67% | +0.47 | 16.20% |
Noninterest income ($2.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▄▁▅███ | Net Interest Margin (%) | 4.11% | 4.17% | 4.14% | 4.07% | 4.17% | 4.23% | 4.23% | 4.24% |
| ▇██▂▂▅▅▁ | Return on Assets (%) | 1.23% | 1.26% | 1.24% | 1.08% | 1.08% | 1.16% | 1.16% | 1.05% |
| ▄▁▁█▇▄▁▃ | Efficiency Ratio (%) | 70.4% | 69.9% | 69.7% | 71.4% | 71.2% | 70.5% | 69.8% | 70.2% |
| ▁▆█▄▃█▃▁ | Cost of Funds (%) | 1.02% | 1.12% | 1.16% | 1.07% | 1.06% | 1.15% | 1.06% | 1.01% |
| █▆▆▇▆▄▃▁ | NPA / Assets (%) | 0.70% | 0.62% | 0.64% | 0.65% | 0.63% | 0.56% | 0.54% | 0.47% |
| █▄▅▅▅▁▁▁ | Net Charge-Off Ratio (%) | 0.94% | 0.67% | 0.74% | 0.75% | 0.72% | 0.47% | 0.50% | 0.44% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $96 | $108 | $101 | $105 | $108 | $116 | $122 | $122 |
| ▁▂▁▂████ | Gross Loans ($M) | $720 | $730 | $726 | $733 | $767 | $772 | $772 | $772 |
| ▁▁▂▅▃▄██ | Total Deposits ($M) | $1,015 | $1,019 | $1,033 | $1,070 | $1,046 | $1,062 | $1,124 | $1,124 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |