Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.84% | -0.06 | 1.90% |
| Return on Equity (%) | ▼ | 19.68% | -1.33 | 21.01% |
| Net Interest Margin (%) | ▼ | 4.56% | -0.32 | 4.88% |
| Efficiency Ratio (%) | ▼ | 63.19% | +0.09 | 63.11% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.52 | $6 |
| Cost of Funds (%) | ▼ | 1.70% | +0.12 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,347 | +130.48 | $1,217 |
| Gross Loans ($M) | ▲ | $1,026 | +72.44 | $954 |
| Loan Growth YoY (%) | ▼ | 84.01% | -2.46 | 86.48% |
| Total Deposits ($M) | ▲ | $1,209 | +117.40 | $1,092 |
| Shareholders Equity ($M) | ▲ | $125 | +13.36 | $112 |
| Tang. Book Value ($M) | ▲ | $124 | +13.36 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +14.69 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 84.01% | -2.46 | 86.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.02 | 0.19% |
| Allowance / Loans (%) | — | 0.99% | -0.00% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.31% | +0.23 | 13.08% |
Noninterest income ($2.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▆▅▁ | Net Interest Margin (%) | 5.20% | 5.18% | 5.15% | 4.88% | 4.92% | 4.99% | 4.92% | 4.56% |
| ▁▂▄▅▂██▁ | Return on Assets (%) | 1.85% | 1.86% | 1.88% | 1.90% | 1.87% | 1.95% | 1.95% | 1.84% |
| ██▆▃▃▁▁▃ | Efficiency Ratio (%) | 66.4% | 65.9% | 65.1% | 63.1% | 63.0% | 61.6% | 61.5% | 63.2% |
| ▄█▃▁▂▆▄▄ | Cost of Funds (%) | 1.69% | 1.83% | 1.67% | 1.58% | 1.62% | 1.76% | 1.68% | 1.70% |
| ██▄▂▄▃▂▁ | NPA / Assets (%) | 0.29% | 0.30% | 0.23% | 0.19% | 0.23% | 0.20% | 0.19% | 0.17% |
| ▇█▄▁▄▂▂▁ | Net Charge-Off Ratio (%) | 0.15% | 0.17% | 0.09% | 0.05% | 0.10% | 0.07% | 0.06% | 0.04% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $100 | $106 | $106 | $111 | $114 | $119 | $123 | $124 |
| ▁▃▆▅▇▆██ | Gross Loans ($M) | $845 | $904 | $960 | $954 | $983 | $968 | $1,019 | $1,026 |
| ▁▂▄▅▆▅██ | Total Deposits ($M) | $969 | $1,019 | $1,086 | $1,092 | $1,128 | $1,117 | $1,181 | $1,209 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 8% |