Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.11 | 0.67% |
| Return on Equity (%) | ▲ | 8.09% | +0.58 | 7.51% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.17 | 2.86% |
| Efficiency Ratio (%) | ▲ | 70.12% | -2.70 | 72.82% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.52 | $7 |
| Cost of Funds (%) | ▲ | 1.45% | -0.13 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,302 | +182.95 | $3,119 |
| Gross Loans ($M) | ▲ | $2,322 | +164.45 | $2,158 |
| Loan Growth YoY (%) | ▲ | 91.16% | +0.60 | 90.56% |
| Total Deposits ($M) | ▲ | $2,521 | +163.93 | $2,357 |
| Shareholders Equity ($M) | ▲ | $319 | +35.43 | $283 |
| Tang. Book Value ($M) | ▲ | $300 | +35.49 | $264 |
| TBV excl. AOCI ($M)** | ▲ | $327 | +32.24 | $295 |
| Loan / Deposit Ratio (%) | ▲ | 91.16% | +0.60 | 90.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.06 | 0.28% |
| Allowance / Loans (%) | — | 1.03% | -0.04% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -0.09 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▆▇▇█ | Net Interest Margin (%) | 2.57% | 2.56% | 2.58% | 2.86% | 2.91% | 2.94% | 2.95% | 3.03% |
| ▃▃▁▇▇▇▆█ | Return on Assets (%) | 0.41% | 0.39% | 0.23% | 0.67% | 0.67% | 0.68% | 0.61% | 0.77% |
| ███▂▃▃▅▁ | Efficiency Ratio (%) | 81.5% | 80.6% | 81.5% | 72.8% | 73.2% | 73.2% | 75.8% | 70.1% |
| ▇█▇▃▂▂▃▁ | Cost of Funds (%) | 1.78% | 1.87% | 1.80% | 1.58% | 1.52% | 1.53% | 1.57% | 1.45% |
| ██▆▂▂▁▁▁ | NPA / Assets (%) | 0.48% | 0.48% | 0.39% | 0.28% | 0.27% | 0.24% | 0.23% | 0.22% |
| ██▅▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.72% | 0.72% | 0.56% | 0.40% | 0.38% | 0.34% | 0.33% | 0.31% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $237 | $260 | $249 | $264 | $274 | $285 | $294 | $300 |
| ▁▂▄▄▆███ | Gross Loans ($M) | $1,994 | $2,041 | $2,131 | $2,158 | $2,218 | $2,284 | $2,318 | $2,322 |
| ▁▁▃▄▅▄▇█ | Total Deposits ($M) | $2,267 | $2,254 | $2,330 | $2,357 | $2,395 | $2,355 | $2,482 | $2,521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |