Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +0.92 | 1.39% |
| Return on Equity (%) | ▲ | 18.72% | +5.57 | 13.15% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.98 | 3.76% |
| Efficiency Ratio (%) | ▲ | 51.74% | -12.21 | 63.95% |
| Pre-Provision Profit ($M) | ▲ | $16 | +6.64 | $9 |
| Cost of Funds (%) | ▲ | 2.26% | -0.73 | 2.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,470 | -109.77 | $2,579 |
| Gross Loans ($M) | ▲ | $2,070 | +207.40 | $1,862 |
| Loan Growth YoY (%) | ▲ | 101.29% | +14.01 | 87.28% |
| Total Deposits ($M) | ▼ | $2,019 | -89.64 | $2,108 |
| Shareholders Equity ($M) | ▲ | $305 | +30.95 | $274 |
| Tang. Book Value ($M) | ▲ | $297 | +31.07 | $266 |
| TBV excl. AOCI ($M)** | ▲ | $301 | +31.32 | $270 |
| Loan / Deposit Ratio (%) | ▲ | 101.29% | +14.01 | 87.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.28 | 0.41% |
| Allowance / Loans (%) | — | 1.20% | 0.02% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.20 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.59% | -0.62 | 18.21% |
Noninterest income ($5.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▅█ | Net Interest Margin (%) | 3.77% | 3.75% | 3.78% | 3.76% | 3.99% | 4.15% | 4.27% | 4.74% |
| ▃▃▄▁▂▃▄█ | Return on Assets (%) | 1.68% | 1.69% | 1.74% | 1.39% | 1.61% | 1.73% | 1.79% | 2.31% |
| ▄▄▄█▆▅▅▁ | Efficiency Ratio (%) | 57.0% | 57.1% | 56.4% | 64.0% | 60.4% | 58.9% | 58.8% | 51.7% |
| ███▇▇▄▃▁ | Cost of Funds (%) | 3.14% | 3.14% | 3.03% | 2.98% | 2.92% | 2.67% | 2.51% | 2.26% |
| ▃▂▁▁▃▃█▂ | NPA / Assets (%) | 0.88% | 0.62% | 0.48% | 0.41% | 0.86% | 0.77% | 1.75% | 0.70% |
| ▃▁▁▁▃▂█▂ | Net Charge-Off Ratio (%) | 0.76% | 0.43% | 0.24% | 0.27% | 0.71% | 0.60% | 1.78% | 0.47% |
| ▁▂▄▄▅▆▇█ | Tang. Book Value ($M) | $239 | $250 | $261 | $266 | $273 | $280 | $288 | $297 |
| ▁▁▃▄▆▇▆█ | Gross Loans ($M) | $1,721 | $1,750 | $1,814 | $1,862 | $1,959 | $1,986 | $1,975 | $2,070 |
| ▁▃▆█▄▄▃▆ | Total Deposits ($M) | $1,827 | $1,912 | $2,028 | $2,108 | $1,939 | $1,962 | $1,899 | $2,019 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |