Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.04 | 1.49% |
| Return on Equity (%) | ▼ | 12.20% | -1.02 | 13.22% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.04 | 3.85% |
| Efficiency Ratio (%) | ▲ | 56.69% | -0.79 | 57.48% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.14 | $9 |
| Cost of Funds (%) | ▲ | 1.71% | -0.04 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,277 | +155.70 | $2,122 |
| Gross Loans ($M) | ▲ | $1,452 | +118.07 | $1,334 |
| Loan Growth YoY (%) | ▲ | 71.92% | +1.36 | 70.56% |
| Total Deposits ($M) | ▲ | $1,997 | +126.01 | $1,871 |
| Shareholders Equity ($M) | ▲ | $268 | +30.35 | $237 |
| Tang. Book Value ($M) | ▲ | $268 | +30.35 | $237 |
| TBV excl. AOCI ($M)** | ▲ | $286 | +29.16 | $257 |
| Loan / Deposit Ratio (%) | ▲ | 71.92% | +1.36 | 70.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.17 | 0.18% |
| Allowance / Loans (%) | — | 1.08% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.28 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.40% | +0.21 | 19.19% |
Noninterest income ($4.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▃███▅ | Net Interest Margin (%) | 3.82% | 3.83% | 3.87% | 3.85% | 3.92% | 3.93% | 3.93% | 3.89% |
| ███▂▅▆▆▁ | Return on Assets (%) | 1.63% | 1.62% | 1.63% | 1.49% | 1.56% | 1.57% | 1.56% | 1.45% |
| ▁▃▁█▄▄▃▇ | Efficiency Ratio (%) | 52.4% | 54.0% | 53.0% | 57.5% | 54.7% | 54.6% | 54.2% | 56.7% |
| ██▄▂▃▂▁▁ | Cost of Funds (%) | 1.97% | 1.97% | 1.83% | 1.75% | 1.78% | 1.76% | 1.74% | 1.71% |
| █▆▅▅▅▅▁▁ | NPA / Assets (%) | 0.34% | 0.21% | 0.20% | 0.18% | 0.18% | 0.17% | 0.02% | 0.00% |
| █▅▅▅▄▄▁▁ | Net Charge-Off Ratio (%) | 0.56% | 0.34% | 0.31% | 0.28% | 0.27% | 0.27% | 0.03% | 0.01% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $215 | $231 | $228 | $237 | $244 | $254 | $263 | $268 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $1,194 | $1,234 | $1,294 | $1,334 | $1,372 | $1,392 | $1,420 | $1,452 |
| ▂▁▂▅▅▅▆█ | Total Deposits ($M) | $1,761 | $1,725 | $1,774 | $1,871 | $1,862 | $1,885 | $1,905 | $1,997 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 24% |