Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.55% | +0.19 | 0.36% |
| Return on Equity (%) | ▲ | 5.38% | +1.28 | 4.10% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.09 | 2.79% |
| Efficiency Ratio (%) | ▲ | 76.01% | -6.79 | 82.80% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.27 | $2 |
| Cost of Funds (%) | ▼ | 2.02% | +0.08 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,780 | +85.08 | $1,695 |
| Gross Loans ($M) | ▲ | $1,487 | +75.73 | $1,411 |
| Loan Growth YoY (%) | ▼ | 103.33% | -1.45 | 104.78% |
| Total Deposits ($M) | ▲ | $1,425 | +90.83 | $1,334 |
| Shareholders Equity ($M) | ▲ | $187 | +36.49 | $150 |
| Tang. Book Value ($M) | ▲ | $178 | +36.35 | $141 |
| TBV excl. AOCI ($M)** | ▲ | $184 | +36.46 | $148 |
| Loan / Deposit Ratio (%) | ▼ | 103.33% | -1.45 | 104.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.36 | 0.16% |
| Allowance / Loans (%) | — | 0.97% | 0.03% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.43 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +1.53 | 11.38% |
Noninterest income ($2.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇█▆ | Net Interest Margin (%) | 2.67% | 2.66% | 2.72% | 2.79% | 2.87% | 2.93% | 2.99% | 2.88% |
| ▄▃▃▁▄▆██ | Return on Assets (%) | 0.44% | 0.43% | 0.42% | 0.36% | 0.46% | 0.50% | 0.55% | 0.55% |
| ▆▆▇█▅▂▁▁ | Efficiency Ratio (%) | 80.5% | 80.9% | 81.4% | 82.8% | 79.5% | 77.7% | 76.6% | 76.0% |
| ▆█▅▁▄▄▇▃ | Cost of Funds (%) | 2.11% | 2.17% | 2.07% | 1.94% | 2.03% | 2.03% | 2.12% | 2.02% |
| ▄▅▁▁▁▃▃█ | NPA / Assets (%) | 0.30% | 0.34% | 0.16% | 0.16% | 0.14% | 0.26% | 0.27% | 0.52% |
| ▄▅▁▁▁▃▃█ | Net Charge-Off Ratio (%) | 0.36% | 0.41% | 0.19% | 0.19% | 0.17% | 0.31% | 0.33% | 0.62% |
| ▁▁▁▂▇▇██ | Tang. Book Value ($M) | $132 | $137 | $137 | $141 | $167 | $171 | $175 | $178 |
| ▁▂▂▄▇███ | Gross Loans ($M) | $1,346 | $1,372 | $1,375 | $1,411 | $1,457 | $1,480 | $1,492 | $1,487 |
| ▁▁▁▂▄▄█▇ | Total Deposits ($M) | $1,315 | $1,312 | $1,317 | $1,334 | $1,373 | $1,377 | $1,459 | $1,425 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 28% |