Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.41 | 0.31% |
| Return on Equity (%) | ▲ | 9.86% | +5.83 | 4.03% |
| Net Interest Margin (%) | ▼ | 4.38% | -0.26 | 4.64% |
| Efficiency Ratio (%) | ▼ | 81.50% | +1.23 | 80.27% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.07 | $8 |
| Cost of Funds (%) | ▼ | 0.71% | +0.47 | 0.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,142 | +414.52 | $2,728 |
| Gross Loans ($M) | ▲ | $1,724 | +58.32 | $1,666 |
| Loan Growth YoY (%) | ▼ | 59.09% | -6.93 | 66.02% |
| Total Deposits ($M) | ▲ | $2,868 | +392.92 | $2,475 |
| Shareholders Equity ($M) | ▲ | $227 | +19.52 | $207 |
| Tang. Book Value ($M) | ▲ | $225 | +19.66 | $205 |
| TBV excl. AOCI ($M)** | ▲ | $265 | +24.89 | $241 |
| Loan / Deposit Ratio (%) | ▼ | 59.09% | -6.93 | 66.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -2.12 | 2.96% |
| Allowance / Loans (%) | — | 1.72% | -0.21% | 1.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.54% | -3.31 | 4.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.29% | +0.05 | 14.24% |
Noninterest income ($12.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▇▇▅▁ | Net Interest Margin (%) | 5.17% | 5.15% | 5.08% | 4.64% | 5.01% | 4.98% | 4.87% | 4.38% |
| ███▁▅▅▆▅ | Return on Assets (%) | 1.01% | 1.01% | 0.95% | 0.31% | 0.75% | 0.70% | 0.83% | 0.72% |
| ▁▂▃▇▁▂▂█ | Efficiency Ratio (%) | 76.6% | 76.8% | 77.7% | 80.3% | 76.1% | 76.9% | 76.8% | 81.5% |
| ▁▁▁▂▄▅▆█ | Cost of Funds (%) | 0.16% | 0.17% | 0.20% | 0.24% | 0.38% | 0.44% | 0.55% | 0.71% |
| ▁▄▅█▅▅▃▂ | NPA / Assets (%) | 0.32% | 1.42% | 1.92% | 2.96% | 1.89% | 1.96% | 1.11% | 0.84% |
| ▁▄▅█▅▅▃▂ | Net Charge-Off Ratio (%) | 0.50% | 2.28% | 3.00% | 4.85% | 3.06% | 3.14% | 1.94% | 1.54% |
| ▁▄▃▅▇███ | Tang. Book Value ($M) | $184 | $203 | $198 | $205 | $215 | $221 | $222 | $225 |
| ▁▂▄▅▅███ | Gross Loans ($M) | $1,579 | $1,607 | $1,646 | $1,666 | $1,657 | $1,714 | $1,727 | $1,724 |
| ▁▁▁▃▃▃▇█ | Total Deposits ($M) | $2,270 | $2,340 | $2,317 | $2,475 | $2,421 | $2,469 | $2,740 | $2,868 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Consumer | 16% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 23% |
| Brokered / Other | 27% |