Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.53 | 0.34% |
| Return on Equity (%) | ▲ | 6.99% | +3.99 | 3.00% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.42 | 3.17% |
| Efficiency Ratio (%) | ▲ | 67.69% | -7.97 | 75.66% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.26 | $4 |
| Cost of Funds (%) | ▲ | 1.54% | -0.11 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,081 | +52.29 | $2,029 |
| Gross Loans ($M) | ▲ | $1,560 | +109.85 | $1,450 |
| Loan Growth YoY (%) | ▲ | 95.98% | +5.37 | 90.61% |
| Total Deposits ($M) | ▲ | $1,614 | +24.45 | $1,589 |
| Shareholders Equity ($M) | ▲ | $261 | +31.38 | $230 |
| Tang. Book Value ($M) | ▲ | $255 | +31.46 | $223 |
| TBV excl. AOCI ($M)** | ▲ | $275 | +28.76 | $246 |
| Loan / Deposit Ratio (%) | ▲ | 95.98% | +5.37 | 90.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.34 | 0.52% |
| Allowance / Loans (%) | — | 0.71% | 0.01% | 0.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.49 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▄▅█ | Net Interest Margin (%) | 3.04% | 3.07% | 3.11% | 3.17% | 3.24% | 3.31% | 3.37% | 3.59% |
| ▅▇▇▁▆██▆ | Return on Assets (%) | 0.78% | 0.96% | 0.90% | 0.34% | 0.86% | 1.08% | 1.00% | 0.87% |
| ██▇▆▅▃▄▁ | Efficiency Ratio (%) | 79.2% | 78.0% | 76.7% | 75.7% | 73.5% | 71.6% | 72.9% | 67.7% |
| ▇██▇▇▅▃▁ | Cost of Funds (%) | 1.64% | 1.67% | 1.68% | 1.65% | 1.64% | 1.62% | 1.57% | 1.54% |
| █▇▇█▇▅▇▁ | NPA / Assets (%) | 0.57% | 0.48% | 0.49% | 0.52% | 0.49% | 0.38% | 0.50% | 0.18% |
| █▇▇█▇▅▇▁ | Net Charge-Off Ratio (%) | 0.79% | 0.67% | 0.68% | 0.73% | 0.69% | 0.53% | 0.67% | 0.24% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $205 | $224 | $215 | $223 | $232 | $245 | $251 | $255 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $1,361 | $1,397 | $1,433 | $1,450 | $1,473 | $1,510 | $1,546 | $1,560 |
| ▁▄▂▆▇█▇█ | Total Deposits ($M) | $1,504 | $1,559 | $1,532 | $1,589 | $1,592 | $1,620 | $1,595 | $1,614 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |