Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.53% | +0.13 | 0.40% |
| Return on Equity (%) | ▲ | 5.27% | +1.16 | 4.11% |
| Net Interest Margin (%) | ▼ | 3.19% | -0.05 | 3.24% |
| Efficiency Ratio (%) | ▲ | 75.09% | -3.63 | 78.72% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.76 | $5 |
| Cost of Funds (%) | ▲ | 1.97% | -0.11 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,069 | +215.79 | $2,853 |
| Gross Loans ($M) | ▲ | $2,490 | +187.75 | $2,302 |
| Loan Growth YoY (%) | ▼ | 100.48% | -1.92 | 102.40% |
| Total Deposits ($M) | ▲ | $2,457 | +227.27 | $2,230 |
| Shareholders Equity ($M) | ▲ | $307 | +27.37 | $280 |
| Tang. Book Value ($M) | ▲ | $307 | +27.42 | $280 |
| TBV excl. AOCI ($M)** | ▲ | $329 | +29.83 | $299 |
| Loan / Deposit Ratio (%) | ▼ | 100.48% | -1.92 | 102.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.60% | -0.08 | 0.68% |
| Allowance / Loans (%) | — | 0.85% | 0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.74% | -0.11 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.76% | -0.33 | 13.09% |
Noninterest income ($3.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▆▆██▄ | Net Interest Margin (%) | 3.08% | 3.14% | 3.16% | 3.24% | 3.24% | 3.28% | 3.30% | 3.19% |
| ▁▃▄▅███▇ | Return on Assets (%) | 0.21% | 0.34% | 0.37% | 0.40% | 0.54% | 0.58% | 0.58% | 0.53% |
| ▆▄▃█▄▁▁▅ | Efficiency Ratio (%) | 76.6% | 74.1% | 73.2% | 78.7% | 74.1% | 71.9% | 71.0% | 75.1% |
| ▅██▅▄▆▅▁ | Cost of Funds (%) | 2.09% | 2.18% | 2.16% | 2.08% | 2.06% | 2.11% | 2.08% | 1.97% |
| ▁▁▇█▇█▅▇ | NPA / Assets (%) | 0.14% | 0.19% | 0.66% | 0.68% | 0.64% | 0.74% | 0.45% | 0.60% |
| ▁▁▇█▇█▅▆ | Net Charge-Off Ratio (%) | 0.18% | 0.24% | 0.80% | 0.84% | 0.81% | 0.93% | 0.58% | 0.74% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $260 | $274 | $271 | $280 | $287 | $295 | $302 | $307 |
| ▁▁▃▃▅▅▄█ | Gross Loans ($M) | $2,201 | $2,235 | $2,298 | $2,302 | $2,355 | $2,358 | $2,337 | $2,490 |
| ▁▁▂▁▄▄▅█ | Total Deposits ($M) | $2,221 | $2,222 | $2,270 | $2,230 | $2,320 | $2,322 | $2,346 | $2,457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |