Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +0.06 | 0.35% |
| Return on Equity (%) | ▲ | 4.84% | +0.41 | 4.43% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.39 | 2.79% |
| Efficiency Ratio (%) | ▲ | 87.06% | -0.13 | 87.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.37 | $3 |
| Cost of Funds (%) | ▲ | 1.50% | -0.19 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,995 | +108.12 | $2,887 |
| Gross Loans ($M) | ▲ | $2,467 | +54.98 | $2,412 |
| Loan Growth YoY (%) | ▼ | 91.94% | -1.29 | 93.23% |
| Total Deposits ($M) | ▲ | $2,663 | +95.38 | $2,568 |
| Shareholders Equity ($M) | ▲ | $254 | +20.17 | $234 |
| Tang. Book Value ($M) | ▲ | $244 | +17.42 | $227 |
| TBV excl. AOCI ($M)** | ▲ | $262 | +18.85 | $244 |
| Loan / Deposit Ratio (%) | ▼ | 91.94% | -1.29 | 93.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.00 | 0.09% |
| Allowance / Loans (%) | — | 0.75% | 0.00% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.01 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.99% | +0.17 | 11.81% |
Noninterest income ($4.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.42% | 2.45% | 2.50% | 2.79% | 2.84% | 2.88% | 2.96% | 3.19% |
| ▁▁▁▄▄▆█▆ | Return on Assets (%) | 0.22% | 0.25% | 0.22% | 0.35% | 0.34% | 0.43% | 0.52% | 0.41% |
| ███▄▅▂▁▄ | Efficiency Ratio (%) | 93.0% | 92.1% | 91.9% | 87.2% | 88.3% | 85.0% | 82.5% | 87.1% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 1.89% | 1.94% | 1.78% | 1.69% | 1.68% | 1.69% | 1.59% | 1.50% |
| ▁▃▇█▂▂▆█ | NPA / Assets (%) | 0.04% | 0.06% | 0.08% | 0.09% | 0.05% | 0.05% | 0.07% | 0.09% |
| ▁▃█▇▂▂▆█ | Net Charge-Off Ratio (%) | 0.05% | 0.07% | 0.10% | 0.09% | 0.06% | 0.06% | 0.09% | 0.11% |
| ▁▄▂▄▄▆██ | Tang. Book Value ($M) | $216 | $227 | $221 | $227 | $228 | $236 | $242 | $244 |
| ▂▁▄▂▃▆█▇ | Gross Loans ($M) | $2,409 | $2,394 | $2,433 | $2,412 | $2,423 | $2,449 | $2,479 | $2,467 |
| ▁▃▇▅▅███ | Total Deposits ($M) | $2,458 | $2,534 | $2,614 | $2,568 | $2,573 | $2,643 | $2,662 | $2,663 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 6% |