Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.38 | 0.44% |
| Return on Equity (%) | ▲ | 9.05% | +4.02 | 5.03% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.48 | 3.13% |
| Efficiency Ratio (%) | ▲ | 75.24% | -8.39 | 83.63% |
| Pre-Provision Profit ($M) | ▲ | $12 | +5.03 | $7 |
| Cost of Funds (%) | ▲ | 1.10% | -0.23 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,029 | +218.08 | $3,811 |
| Gross Loans ($M) | ▲ | $2,954 | +59.07 | $2,894 |
| Loan Growth YoY (%) | ▼ | 81.27% | -3.92 | 85.19% |
| Total Deposits ($M) | ▲ | $3,609 | +232.99 | $3,376 |
| Shareholders Equity ($M) | ▲ | $364 | +31.62 | $333 |
| Tang. Book Value ($M) | ▲ | $343 | +31.13 | $312 |
| TBV excl. AOCI ($M)** | ▲ | $369 | +37.94 | $331 |
| Loan / Deposit Ratio (%) | ▼ | 81.27% | -3.92 | 85.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.06 | 0.60% |
| Allowance / Loans (%) | — | 0.70% | 0.06% | 0.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.06 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($14.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 2.87% | 2.91% | 2.96% | 3.13% | 3.31% | 3.38% | 3.44% | 3.62% |
| ▁▁▁▃▄▅▅█ | Return on Assets (%) | 0.28% | 0.27% | 0.32% | 0.44% | 0.48% | 0.56% | 0.60% | 0.82% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 89.7% | 89.5% | 87.8% | 83.6% | 81.8% | 80.3% | 80.1% | 75.2% |
| ▇██▆▅▄▂▁ | Cost of Funds (%) | 1.35% | 1.43% | 1.39% | 1.33% | 1.27% | 1.24% | 1.18% | 1.10% |
| ▂▄█▆▄▂▁▁ | NPA / Assets (%) | 0.55% | 0.57% | 0.62% | 0.60% | 0.57% | 0.56% | 0.54% | 0.54% |
| ▁▄██▄▄▄▄ | Net Charge-Off Ratio (%) | 0.67% | 0.71% | 0.79% | 0.78% | 0.72% | 0.72% | 0.72% | 0.72% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $296 | $306 | $303 | $312 | $319 | $329 | $338 | $343 |
| ▁▃▂▁█▇█▇ | Gross Loans ($M) | $2,886 | $2,907 | $2,898 | $2,894 | $2,966 | $2,948 | $2,959 | $2,954 |
| ▁▂▃▅▄▅██ | Total Deposits ($M) | $3,089 | $3,179 | $3,274 | $3,376 | $3,334 | $3,406 | $3,562 | $3,609 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 3% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |