Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.22 | 1.15% |
| Return on Equity (%) | ▲ | 15.15% | +1.71 | 13.44% |
| Net Interest Margin (%) | ▲ | 2.72% | +0.37 | 2.35% |
| Efficiency Ratio (%) | ▼ | 47.21% | +0.48 | 46.73% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.46 | $11 |
| Cost of Funds (%) | ▲ | 1.53% | -0.21 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,182 | +173.60 | $3,008 |
| Gross Loans ($M) | ▲ | $1,748 | +128.42 | $1,620 |
| Loan Growth YoY (%) | ▲ | 62.12% | +2.29 | 59.83% |
| Total Deposits ($M) | ▲ | $2,779 | +107.21 | $2,672 |
| Shareholders Equity ($M) | ▲ | $292 | +29.32 | $262 |
| Tang. Book Value ($M) | ▲ | $292 | +29.32 | $262 |
| TBV excl. AOCI ($M)** | ▲ | $351 | +31.70 | $319 |
| Loan / Deposit Ratio (%) | ▲ | 62.12% | +2.29 | 59.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.10% | 0.00 | 0.10% |
| Allowance / Loans (%) | — | 1.25% | -0.06% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.00 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.75% | -0.09 | 15.84% |
Noninterest income ($3.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▆█ | Net Interest Margin (%) | 1.96% | 1.98% | 2.01% | 2.35% | 2.37% | 2.42% | 2.46% | 2.72% |
| ▁▁▁▄▆▆▆█ | Return on Assets (%) | 0.97% | 0.97% | 1.00% | 1.15% | 1.23% | 1.24% | 1.27% | 1.37% |
| █▇▆▁▁▁▁▁ | Efficiency Ratio (%) | 58.2% | 56.3% | 54.6% | 46.7% | 48.0% | 47.4% | 46.9% | 47.2% |
| ▇██▄▅▅▅▁ | Cost of Funds (%) | 1.94% | 1.96% | 2.00% | 1.74% | 1.78% | 1.77% | 1.80% | 1.53% |
| █▇█▁▁▄▂▁ | NPA / Assets (%) | 0.13% | 0.13% | 0.14% | 0.10% | 0.10% | 0.12% | 0.10% | 0.10% |
| ▇▇█▁▂▄▂▁ | Net Charge-Off Ratio (%) | 0.25% | 0.24% | 0.26% | 0.18% | 0.19% | 0.21% | 0.19% | 0.18% |
| ▁▂▃▄▄▅▇█ | Tang. Book Value ($M) | $234 | $246 | $250 | $262 | $258 | $269 | $280 | $292 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $1,500 | $1,502 | $1,552 | $1,620 | $1,628 | $1,671 | $1,687 | $1,748 |
| ▁▃▂▆▆█▆█ | Total Deposits ($M) | $2,412 | $2,507 | $2,486 | $2,672 | $2,671 | $2,753 | $2,651 | $2,779 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 92% |
| Brokered / Other | 3% |