Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.27 | 1.26% |
| Return on Equity (%) | ▲ | 15.64% | +1.03 | 14.61% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.38 | 3.93% |
| Efficiency Ratio (%) | ▲ | 62.15% | -2.48 | 64.62% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.44 | $7 |
| Cost of Funds (%) | ▲ | 1.33% | -0.35 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,836 | +91.30 | $1,745 |
| Gross Loans ($M) | ▲ | $1,339 | +49.55 | $1,290 |
| Loan Growth YoY (%) | ▼ | 85.65% | -2.15 | 87.80% |
| Total Deposits ($M) | ▲ | $1,541 | +92.88 | $1,448 |
| Shareholders Equity ($M) | ▲ | $176 | +21.65 | $155 |
| Tang. Book Value ($M) | ▲ | $176 | +21.56 | $154 |
| TBV excl. AOCI ($M)** | ▲ | $187 | +22.28 | $165 |
| Loan / Deposit Ratio (%) | ▼ | 85.65% | -2.15 | 87.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.66 | 0.11% |
| Allowance / Loans (%) | — | 1.47% | 0.03% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 1.04% | +0.90 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.49% | +1.30 | 12.20% |
Noninterest income ($4.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▆▁▃▅▇█ | Net Interest Margin (%) | 4.04% | 4.09% | 4.18% | 3.93% | 4.04% | 4.12% | 4.24% | 4.31% |
| ▁▁▂▄▄▅▅█ | Return on Assets (%) | 1.00% | 1.05% | 1.07% | 1.26% | 1.25% | 1.27% | 1.28% | 1.53% |
| ▅▅▅▆▇▆█▁ | Efficiency Ratio (%) | 64.3% | 64.3% | 64.3% | 64.6% | 65.4% | 64.8% | 65.9% | 62.1% |
| █▇▄▄▄▅▃▁ | Cost of Funds (%) | 2.13% | 2.00% | 1.72% | 1.68% | 1.72% | 1.83% | 1.55% | 1.33% |
| ▂▂▁▁▁▁▁█ | NPA / Assets (%) | 0.22% | 0.23% | 0.11% | 0.11% | 0.11% | 0.09% | 0.14% | 0.76% |
| ▂▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.27% | 0.29% | 0.16% | 0.14% | 0.14% | 0.12% | 0.19% | 1.04% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $138 | $148 | $147 | $154 | $159 | $166 | $171 | $176 |
| ▁▂▄▅██▇█ | Gross Loans ($M) | $1,190 | $1,215 | $1,272 | $1,290 | $1,357 | $1,353 | $1,322 | $1,339 |
| ▁▅▆▅█▆▄█ | Total Deposits ($M) | $1,344 | $1,451 | $1,487 | $1,448 | $1,523 | $1,483 | $1,425 | $1,541 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 36% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |