Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.44 | 0.61% |
| Return on Equity (%) | ▲ | 11.44% | +3.58 | 7.86% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.53 | 2.88% |
| Efficiency Ratio (%) | ▲ | 61.16% | -15.12 | 76.28% |
| Pre-Provision Profit ($M) | ▲ | $7 | +3.46 | $4 |
| Cost of Funds (%) | ▲ | 1.47% | -0.25 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,907 | +68.64 | $1,838 |
| Gross Loans ($M) | ▲ | $1,427 | +104.35 | $1,323 |
| Loan Growth YoY (%) | ▲ | 84.82% | +3.23 | 81.59% |
| Total Deposits ($M) | ▲ | $1,666 | +60.34 | $1,606 |
| Shareholders Equity ($M) | ▲ | $176 | +30.29 | $146 |
| Tang. Book Value ($M) | ▲ | $175 | +30.45 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $192 | +29.25 | $163 |
| Loan / Deposit Ratio (%) | ▲ | 84.82% | +3.23 | 81.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.13 | 0.38% |
| Allowance / Loans (%) | — | 0.96% | 0.02% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.13 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.74% | 2.75% | 2.78% | 2.88% | 2.98% | 3.06% | 3.12% | 3.40% |
| ▁▁▁▃▄▄▅█ | Return on Assets (%) | 0.45% | 0.48% | 0.51% | 0.61% | 0.72% | 0.73% | 0.78% | 1.04% |
| ███▇▆▆▅▁ | Efficiency Ratio (%) | 78.8% | 78.1% | 77.5% | 76.3% | 72.7% | 72.6% | 71.5% | 61.2% |
| ▇██▆▃▄▃▁ | Cost of Funds (%) | 1.80% | 1.87% | 1.85% | 1.72% | 1.61% | 1.63% | 1.59% | 1.47% |
| ▄█▆▁▄▅▆█ | NPA / Assets (%) | 0.45% | 0.53% | 0.49% | 0.38% | 0.45% | 0.47% | 0.49% | 0.51% |
| ▄█▆▁▄▃▄▅ | Net Charge-Off Ratio (%) | 0.64% | 0.75% | 0.68% | 0.53% | 0.63% | 0.61% | 0.62% | 0.65% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $128 | $142 | $137 | $145 | $151 | $164 | $171 | $175 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $1,279 | $1,293 | $1,312 | $1,323 | $1,338 | $1,368 | $1,417 | $1,427 |
| ▁▁▁▁▃▃██ | Total Deposits ($M) | $1,600 | $1,598 | $1,603 | $1,606 | $1,623 | $1,620 | $1,659 | $1,666 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 10% |