Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.43 | 0.71% |
| Return on Equity (%) | ▲ | 13.32% | +4.01 | 9.31% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.58 | 2.69% |
| Efficiency Ratio (%) | ▲ | 52.74% | -10.34 | 63.08% |
| Pre-Provision Profit ($M) | ▲ | $10 | +3.87 | $6 |
| Cost of Funds (%) | ▲ | 1.89% | -0.30 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,409 | +50.92 | $2,358 |
| Gross Loans ($M) | ▲ | $1,637 | +106.60 | $1,530 |
| Loan Growth YoY (%) | ▲ | 75.62% | +4.00 | 71.62% |
| Total Deposits ($M) | ▲ | $2,143 | +28.59 | $2,114 |
| Shareholders Equity ($M) | ▲ | $210 | +26.56 | $183 |
| Tang. Book Value ($M) | ▲ | $210 | +26.56 | $183 |
| TBV excl. AOCI ($M)** | ▲ | $242 | +24.46 | $217 |
| Loan / Deposit Ratio (%) | ▲ | 75.62% | +4.00 | 71.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.04 | 0.24% |
| Allowance / Loans (%) | — | 1.03% | -0.04% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.01 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.83% | -0.09 | 13.92% |
Noninterest income ($2.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.27% | 2.31% | 2.40% | 2.69% | 2.80% | 2.88% | 2.96% | 3.27% |
| ▁▁▂▄▅▅▅█ | Return on Assets (%) | 0.38% | 0.40% | 0.48% | 0.71% | 0.81% | 0.80% | 0.80% | 1.14% |
| ██▇▅▃▃▄▁ | Efficiency Ratio (%) | 71.2% | 70.7% | 68.3% | 63.1% | 58.8% | 59.3% | 60.1% | 52.7% |
| ▇█▇▅▄▅▃▁ | Cost of Funds (%) | 2.38% | 2.46% | 2.34% | 2.19% | 2.14% | 2.18% | 2.03% | 1.89% |
| █▃▁▇▂▃▄▃ | NPA / Assets (%) | 0.25% | 0.19% | 0.17% | 0.24% | 0.19% | 0.20% | 0.21% | 0.20% |
| ▄▁▁▆▆▇█▇ | Net Charge-Off Ratio (%) | 0.14% | 0.07% | 0.08% | 0.19% | 0.19% | 0.22% | 0.24% | 0.21% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $168 | $185 | $176 | $183 | $185 | $201 | $206 | $210 |
| ▁▃▂▃▅▆▇█ | Gross Loans ($M) | $1,479 | $1,525 | $1,513 | $1,530 | $1,569 | $1,595 | $1,612 | $1,637 |
| ▁▁▆▆▇▆█▇ | Total Deposits ($M) | $1,976 | $1,961 | $2,130 | $2,114 | $2,144 | $2,130 | $2,198 | $2,143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 17% |