Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.59% | -0.24 | 2.83% |
| Return on Equity (%) | ▼ | 24.20% | -0.01 | 24.21% |
| Net Interest Margin (%) | ▼ | 4.85% | -0.26 | 5.11% |
| Efficiency Ratio (%) | ▼ | 43.68% | +1.70 | 41.98% |
| Pre-Provision Profit ($M) | ▼ | $19 | -0.67 | $20 |
| Cost of Funds (%) | ▼ | 0.50% | +0.02 | 0.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,217 | +65.11 | $2,152 |
| Gross Loans ($M) | ▲ | $935 | +7.88 | $927 |
| Loan Growth YoY (%) | ▼ | 47.09% | -1.76 | 48.84% |
| Total Deposits ($M) | ▲ | $1,946 | +83.10 | $1,863 |
| Shareholders Equity ($M) | ▼ | $249 | -17.15 | $266 |
| Tang. Book Value ($M) | ▼ | $243 | -16.95 | $260 |
| TBV excl. AOCI ($M)** | ▼ | $280 | -12.44 | $292 |
| Loan / Deposit Ratio (%) | ▼ | 47.09% | -1.76 | 48.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.08 | 0.20% |
| Allowance / Loans (%) | — | 2.01% | 0.14% | 1.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.21 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.48% | -2.63 | 26.11% |
Noninterest income ($7.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▇▇▅▁ | Net Interest Margin (%) | 5.32% | 5.38% | 5.33% | 5.11% | 5.25% | 5.25% | 5.18% | 4.85% |
| █▅▅█▅▄▃▁ | Return on Assets (%) | 2.85% | 2.72% | 2.73% | 2.83% | 2.72% | 2.69% | 2.66% | 2.59% |
| ▁█▆▃▆▇▆█ | Efficiency Ratio (%) | 41.0% | 43.5% | 42.9% | 42.0% | 42.9% | 43.2% | 42.9% | 43.7% |
| ▃▇▁▂▂▆▃█ | Cost of Funds (%) | 0.49% | 0.50% | 0.48% | 0.48% | 0.48% | 0.50% | 0.49% | 0.50% |
| ▂▁█▇██▂▂ | NPA / Assets (%) | 0.12% | 0.09% | 0.24% | 0.20% | 0.23% | 0.24% | 0.11% | 0.12% |
| ▂▁█▆▇█▂▁ | Net Charge-Off Ratio (%) | 0.28% | 0.22% | 0.59% | 0.47% | 0.53% | 0.55% | 0.28% | 0.26% |
| ▁▅▄▇▅█▃▄ | Tang. Book Value ($M) | $220 | $246 | $240 | $260 | $248 | $267 | $233 | $243 |
| ▁▂▄▇▇███ | Gross Loans ($M) | $870 | $882 | $902 | $927 | $922 | $939 | $931 | $935 |
| ▂▁▅▂▂▃█▄ | Total Deposits ($M) | $1,879 | $1,829 | $1,959 | $1,863 | $1,877 | $1,892 | $2,071 | $1,946 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 1% |