Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.01 | 0.92% |
| Return on Equity (%) | ▼ | 9.88% | -0.85 | 10.73% |
| Net Interest Margin (%) | ▲ | 4.85% | +0.10 | 4.75% |
| Efficiency Ratio (%) | ▲ | 72.72% | -2.10 | 74.83% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.40 | $9 |
| Cost of Funds (%) | ▲ | 1.35% | -0.10 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,951 | +162.70 | $2,788 |
| Gross Loans ($M) | ▼ | $1,840 | -25.49 | $1,865 |
| Loan Growth YoY (%) | ▼ | 70.88% | -6.06 | 76.94% |
| Total Deposits ($M) | ▲ | $2,561 | +169.05 | $2,392 |
| Shareholders Equity ($M) | ▲ | $293 | +49.47 | $244 |
| Tang. Book Value ($M) | ▲ | $270 | +49.47 | $220 |
| TBV excl. AOCI ($M)** | ▲ | $293 | +54.57 | $239 |
| Loan / Deposit Ratio (%) | ▼ | 70.88% | -6.06 | 76.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.18 | 0.22% |
| Allowance / Loans (%) | — | 1.31% | -0.00% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.31 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.19% | +2.26 | 10.93% |
Noninterest income ($5.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▃▇█▇▆ | Net Interest Margin (%) | 4.68% | 4.76% | 4.76% | 4.75% | 4.89% | 4.92% | 4.87% | 4.85% |
| ▁▅▅▄███▄ | Return on Assets (%) | 0.86% | 0.94% | 0.95% | 0.92% | 1.01% | 1.01% | 1.01% | 0.93% |
| ▅▂▃█▃▂▁▃ | Efficiency Ratio (%) | 73.5% | 72.1% | 72.7% | 74.8% | 72.5% | 72.1% | 71.6% | 72.7% |
| ██▄▃▂▃▂▁ | Cost of Funds (%) | 1.71% | 1.70% | 1.51% | 1.45% | 1.44% | 1.47% | 1.39% | 1.35% |
| ▃▂▄▃▂▁▁█ | NPA / Assets (%) | 0.21% | 0.18% | 0.25% | 0.22% | 0.17% | 0.15% | 0.14% | 0.40% |
| ▂▂▄▃▁▁▁█ | Net Charge-Off Ratio (%) | 0.26% | 0.25% | 0.37% | 0.33% | 0.20% | 0.19% | 0.17% | 0.64% |
| ▁▂▂▃▄▅▅█ | Tang. Book Value ($M) | $201 | $211 | $213 | $220 | $227 | $235 | $243 | $270 |
| ▁█▅▇▆▄▁▄ | Gross Loans ($M) | $1,809 | $1,875 | $1,843 | $1,865 | $1,853 | $1,836 | $1,812 | $1,840 |
| ▁▁▃▃▂▅█▇ | Total Deposits ($M) | $2,313 | $2,328 | $2,409 | $2,392 | $2,385 | $2,474 | $2,623 | $2,561 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |