Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.34 | 0.36% |
| Return on Equity (%) | ▲ | 4.77% | +2.25 | 2.52% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.35 | 3.02% |
| Efficiency Ratio (%) | ▲ | 77.43% | -0.54 | 77.97% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.18 | $6 |
| Cost of Funds (%) | ▲ | 1.55% | -0.11 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,158 | +126.32 | $3,031 |
| Gross Loans ($M) | ▲ | $2,653 | +231.55 | $2,422 |
| Loan Growth YoY (%) | ▲ | 99.50% | +5.37 | 94.13% |
| Total Deposits ($M) | ▲ | $2,642 | +92.86 | $2,549 |
| Shareholders Equity ($M) | ▲ | $468 | +25.18 | $443 |
| Tang. Book Value ($M) | ▲ | $451 | +25.67 | $425 |
| TBV excl. AOCI ($M)** | ▲ | $467 | +25.67 | $441 |
| Loan / Deposit Ratio (%) | ▲ | 99.50% | +5.37 | 94.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.02 | 0.52% |
| Allowance / Loans (%) | — | 0.94% | 0.00% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.06 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.08% | -0.74 | 18.82% |
Noninterest income ($5.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 2.50% | 2.56% | 2.68% | 3.02% | 3.13% | 3.24% | 3.29% | 3.37% |
| █▆▂▁▄▅▅▇ | Return on Assets (%) | 0.76% | 0.66% | 0.45% | 0.36% | 0.54% | 0.61% | 0.60% | 0.70% |
| ██▇▆▃▁▁▅ | Efficiency Ratio (%) | 80.0% | 79.9% | 78.7% | 78.0% | 76.1% | 74.2% | 74.4% | 77.4% |
| ██▆▃▂▃▁▁ | Cost of Funds (%) | 1.93% | 1.96% | 1.84% | 1.66% | 1.64% | 1.66% | 1.60% | 1.55% |
| ▃▆█▃▄▁▆▁ | NPA / Assets (%) | 0.52% | 0.55% | 0.56% | 0.52% | 0.53% | 0.51% | 0.55% | 0.50% |
| ▇██▅▃▂▄▁ | Net Charge-Off Ratio (%) | 0.67% | 0.69% | 0.69% | 0.65% | 0.63% | 0.61% | 0.64% | 0.60% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $397 | $410 | $418 | $425 | $431 | $439 | $447 | $451 |
| ▁▁▂▁▄▆██ | Gross Loans ($M) | $2,400 | $2,411 | $2,439 | $2,422 | $2,509 | $2,562 | $2,655 | $2,653 |
| ▆▂▂▃▁▅▃█ | Total Deposits ($M) | $2,593 | $2,535 | $2,524 | $2,549 | $2,505 | $2,586 | $2,551 | $2,642 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |