Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.03 | 0.86% |
| Return on Equity (%) | ▲ | 8.76% | +0.07 | 8.69% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.39 | 2.80% |
| Efficiency Ratio (%) | ▼ | 70.18% | +1.07 | 69.10% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.61 | $7 |
| Cost of Funds (%) | ▲ | 2.54% | -0.27 | 2.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,470 | +100.05 | $2,370 |
| Gross Loans ($M) | ▲ | $1,888 | +134.66 | $1,753 |
| Loan Growth YoY (%) | ▲ | 85.23% | +3.21 | 82.02% |
| Total Deposits ($M) | ▲ | $2,191 | +78.28 | $2,113 |
| Shareholders Equity ($M) | ▲ | $251 | +19.13 | $232 |
| Tang. Book Value ($M) | ▲ | $244 | +19.47 | $225 |
| TBV excl. AOCI ($M)** | ▲ | $251 | +20.84 | $230 |
| Loan / Deposit Ratio (%) | ▲ | 85.23% | +3.21 | 82.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.77% | -0.02 | 0.79% |
| Allowance / Loans (%) | — | 1.06% | -0.08% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.84% | -0.24 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.59% | -0.03 | 12.62% |
Noninterest income ($7.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 2.55% | 2.66% | 2.71% | 2.80% | 2.93% | 2.99% | 3.04% | 3.18% |
| ▁▂▂▇████ | Return on Assets (%) | 0.67% | 0.72% | 0.72% | 0.86% | 0.91% | 0.90% | 0.90% | 0.89% |
| █▇▇▂▁▂▃▄ | Efficiency Ratio (%) | 73.0% | 72.2% | 72.2% | 69.1% | 67.9% | 68.8% | 69.6% | 70.2% |
| ██▇▃▄▄▂▁ | Cost of Funds (%) | 3.27% | 3.21% | 3.10% | 2.81% | 2.85% | 2.87% | 2.71% | 2.54% |
| █▁▂▁▆▆▅▁ | NPA / Assets (%) | 1.01% | 0.80% | 0.82% | 0.79% | 0.93% | 0.93% | 0.91% | 0.77% |
| █▄▅▅▇▇▄▁ | Net Charge-Off Ratio (%) | 1.27% | 1.02% | 1.06% | 1.07% | 1.21% | 1.21% | 1.01% | 0.84% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $213 | $217 | $221 | $225 | $231 | $235 | $241 | $244 |
| ▁▂▃▂▃▅██ | Gross Loans ($M) | $1,730 | $1,766 | $1,779 | $1,753 | $1,785 | $1,814 | $1,887 | $1,888 |
| ▁▃▄▆▄▅██ | Total Deposits ($M) | $1,935 | $2,009 | $2,035 | $2,113 | $2,060 | $2,071 | $2,176 | $2,191 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 29% |