Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.46 | 1.51% |
| Return on Equity (%) | ▼ | 6.22% | -2.82 | 9.04% |
| Net Interest Margin (%) | ▼ | 9.44% | -0.47 | 9.92% |
| Efficiency Ratio (%) | ▼ | 71.65% | +2.91 | 68.75% |
| Pre-Provision Profit ($M) | ▼ | $11 | -1.40 | $12 |
| Cost of Funds (%) | — | 3.28% | 0.00 | 3.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,333 | -11.36 | $1,344 |
| Gross Loans ($M) | ▲ | $970 | +37.82 | $932 |
| Loan Growth YoY (%) | ▲ | 93.11% | +4.22 | 88.88% |
| Total Deposits ($M) | ▼ | $1,023 | -4.52 | $1,028 |
| Shareholders Equity ($M) | ▲ | $227 | +3.61 | $224 |
| Tang. Book Value ($M) | ▲ | $227 | +4.72 | $222 |
| TBV excl. AOCI ($M)** | ▲ | $233 | +4.72 | $228 |
| Loan / Deposit Ratio (%) | ▲ | 93.11% | +4.22 | 88.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.13% | -0.14 | 1.28% |
| Allowance / Loans (%) | — | 1.79% | -0.22% | 2.00% |
| Net Charge-Off Ratio (%) | ▲ | 1.36% | -0.04 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.27% | -0.35 | 21.62% |
Noninterest income ($11.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▃▁ | Net Interest Margin (%) | 10.67% | 10.60% | 10.54% | 9.92% | 9.99% | 9.98% | 9.84% | 9.44% |
| █▆▄▂▁▁▁▁ | Return on Assets (%) | 3.78% | 2.87% | 2.12% | 1.51% | 1.39% | 1.38% | 1.19% | 1.05% |
| ▁▃▅▆▆▇█▇ | Efficiency Ratio (%) | 55.3% | 61.1% | 67.1% | 68.7% | 69.6% | 71.6% | 75.6% | 71.7% |
| ▃█▆▁▄█▂▁ | Cost of Funds (%) | 3.35% | 3.49% | 3.44% | 3.28% | 3.38% | 3.50% | 3.31% | 3.28% |
| ▁██▆▆▅█▃ | NPA / Assets (%) | 1.05% | 1.39% | 1.37% | 1.28% | 1.29% | 1.23% | 1.38% | 1.13% |
| ▄██▅▂▁▇▄ | Net Charge-Off Ratio (%) | 1.35% | 1.61% | 1.56% | 1.40% | 1.29% | 1.19% | 1.51% | 1.36% |
| ▂▃▁▅▅▆▇█ | Tang. Book Value ($M) | $220 | $220 | $218 | $222 | $223 | $224 | $225 | $227 |
| ▃▃▂▁▅█▆▇ | Gross Loans ($M) | $947 | $947 | $939 | $932 | $959 | $979 | $964 | $970 |
| ▁▄▅▇▄▆█▇ | Total Deposits ($M) | $952 | $993 | $997 | $1,028 | $995 | $1,015 | $1,040 | $1,023 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 28% |
| C&I / Commercial | 3% |
| Consumer | 37% |
| Other | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 22% |
| Brokered / Other | 76% |