Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.38 | 1.03% |
| Return on Equity (%) | ▲ | 14.62% | +3.33 | 11.29% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.37 | 2.87% |
| Efficiency Ratio (%) | ▲ | 47.38% | -6.46 | 53.84% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.39 | $7 |
| Cost of Funds (%) | ▲ | 1.06% | -0.06 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,941 | +72.17 | $1,869 |
| Gross Loans ($M) | ▲ | $855 | +40.11 | $815 |
| Loan Growth YoY (%) | ▲ | 52.27% | +1.21 | 51.06% |
| Total Deposits ($M) | ▲ | $1,618 | +38.55 | $1,580 |
| Shareholders Equity ($M) | ▲ | $189 | +17.44 | $171 |
| Tang. Book Value ($M) | ▲ | $189 | +17.44 | $171 |
| TBV excl. AOCI ($M)** | ▲ | $233 | +19.36 | $214 |
| Loan / Deposit Ratio (%) | ▲ | 52.27% | +1.21 | 51.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Allowance / Loans (%) | — | 1.09% | 0.06% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.04 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.80% | +0.69 | 18.11% |
Noninterest income ($2.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇██ | Net Interest Margin (%) | 2.55% | 2.64% | 2.73% | 2.87% | 2.98% | 3.12% | 3.16% | 3.23% |
| ▁▂▂▂▄▅▆█ | Return on Assets (%) | 0.90% | 0.98% | 1.01% | 1.03% | 1.11% | 1.19% | 1.23% | 1.40% |
| █▇▇▅▄▃▄▁ | Efficiency Ratio (%) | 58.9% | 57.1% | 57.0% | 53.8% | 52.9% | 51.5% | 51.8% | 47.4% |
| ▁▄█▇██▇▃ | Cost of Funds (%) | 1.01% | 1.08% | 1.15% | 1.12% | 1.13% | 1.13% | 1.13% | 1.06% |
| ▇█▇▇▇▁▁▂ | NPA / Assets (%) | 0.04% | 0.05% | 0.05% | 0.05% | 0.04% | 0.02% | 0.02% | 0.03% |
| ▇█▇▇▁▁▁▂ | Net Charge-Off Ratio (%) | 0.10% | 0.12% | 0.11% | 0.10% | 0.05% | 0.05% | 0.05% | 0.06% |
| ▁▄▂▄▆█▇█ | Tang. Book Value ($M) | $157 | $169 | $164 | $171 | $179 | $188 | $184 | $189 |
| ▁▂▂▄▆▆▆█ | Gross Loans ($M) | $780 | $793 | $792 | $815 | $835 | $832 | $835 | $855 |
| ▁▃▁▅████ | Total Deposits ($M) | $1,532 | $1,563 | $1,543 | $1,580 | $1,613 | $1,619 | $1,621 | $1,618 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 13% |