Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.20 | 0.75% |
| Return on Equity (%) | ▲ | 8.23% | +1.42 | 6.81% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.45 | 2.80% |
| Efficiency Ratio (%) | ▲ | 57.80% | -10.78 | 68.58% |
| Pre-Provision Profit ($M) | ▲ | $11 | +3.94 | $7 |
| Cost of Funds (%) | ▲ | 1.48% | -0.25 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,812 | +157.37 | $2,655 |
| Gross Loans ($M) | ▲ | $2,164 | +42.94 | $2,121 |
| Loan Growth YoY (%) | ▼ | 87.62% | -3.55 | 91.17% |
| Total Deposits ($M) | ▲ | $2,438 | +138.84 | $2,299 |
| Shareholders Equity ($M) | ▲ | $322 | +28.42 | $294 |
| Tang. Book Value ($M) | ▲ | $296 | +28.59 | $268 |
| TBV excl. AOCI ($M)** | ▲ | $311 | +30.20 | $281 |
| Loan / Deposit Ratio (%) | ▼ | 87.62% | -3.55 | 91.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.22 | 0.04% |
| Allowance / Loans (%) | — | 1.29% | 0.11% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.29 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.57% | +0.63 | 12.94% |
Noninterest income ($3.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 2.68% | 2.70% | 2.73% | 2.80% | 2.90% | 2.99% | 3.04% | 3.25% |
| ▁▂▁▃▄▆██ | Return on Assets (%) | 0.66% | 0.71% | 0.66% | 0.75% | 0.79% | 0.87% | 0.92% | 0.95% |
| ███▆▆▄▄▁ | Efficiency Ratio (%) | 72.5% | 71.0% | 72.4% | 68.6% | 67.6% | 65.0% | 63.7% | 57.8% |
| ▇██▇▆▄▄▁ | Cost of Funds (%) | 1.73% | 1.81% | 1.80% | 1.74% | 1.69% | 1.64% | 1.62% | 1.48% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.04% | 0.02% | 0.04% | 0.04% | 0.04% | 0.04% | 0.05% | 0.26% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.34% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $248 | $261 | $258 | $268 | $275 | $284 | $292 | $296 |
| ▁▃▄▆▇▇██ | Gross Loans ($M) | $2,035 | $2,078 | $2,094 | $2,121 | $2,151 | $2,148 | $2,167 | $2,164 |
| ▁▂▄▅▄▆▆█ | Total Deposits ($M) | $2,102 | $2,180 | $2,256 | $2,299 | $2,262 | $2,351 | $2,343 | $2,438 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |