Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.25 | 0.76% |
| Return on Equity (%) | ▲ | 13.20% | +2.26 | 10.94% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.34 | 3.57% |
| Efficiency Ratio (%) | ▲ | 64.30% | -8.36 | 72.67% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.49 | $5 |
| Cost of Funds (%) | ▲ | 1.91% | -0.28 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,059 | +65.36 | $1,994 |
| Gross Loans ($M) | ▲ | $1,534 | +47.42 | $1,487 |
| Loan Growth YoY (%) | ▲ | 85.46% | +3.46 | 82.00% |
| Total Deposits ($M) | ▼ | $1,775 | -18.74 | $1,794 |
| Shareholders Equity ($M) | ▲ | $158 | +17.61 | $140 |
| Tang. Book Value ($M) | ▲ | $136 | +18.08 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $153 | +17.54 | $135 |
| Loan / Deposit Ratio (%) | ▲ | 85.46% | +3.46 | 82.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.09 | 0.71% |
| Allowance / Loans (%) | — | 1.10% | 0.05% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.17 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.53% | +0.59 | 9.95% |
Noninterest income ($3.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.25% | 3.32% | 3.36% | 3.57% | 3.70% | 3.80% | 3.84% | 3.91% |
| ▃▁▂▃▆▇██ | Return on Assets (%) | 0.74% | 0.64% | 0.71% | 0.76% | 0.88% | 0.93% | 1.01% | 1.00% |
| █▇▆█▄▃▂▁ | Efficiency Ratio (%) | 72.2% | 71.0% | 70.1% | 72.7% | 68.1% | 66.7% | 65.6% | 64.3% |
| ██▆▄▄▄▁▁ | Cost of Funds (%) | 2.46% | 2.48% | 2.28% | 2.19% | 2.14% | 2.13% | 1.98% | 1.91% |
| ██▆▃▃▃▁▄ | NPA / Assets (%) | 1.10% | 1.14% | 0.92% | 0.71% | 0.76% | 0.72% | 0.55% | 0.81% |
| ██▅▂▃▃▁▄ | Net Charge-Off Ratio (%) | 1.45% | 1.45% | 1.10% | 0.82% | 0.91% | 0.87% | 0.66% | 1.00% |
| ▁▄▁▂▃▆██ | Tang. Book Value ($M) | $112 | $122 | $113 | $118 | $121 | $128 | $134 | $136 |
| ▁▃▂▂▅▂█▇ | Gross Loans ($M) | $1,475 | $1,495 | $1,492 | $1,487 | $1,515 | $1,490 | $1,546 | $1,534 |
| ▁▂▂█▇▂▂▆ | Total Deposits ($M) | $1,731 | $1,741 | $1,743 | $1,794 | $1,784 | $1,743 | $1,743 | $1,775 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 37% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |