Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.01 | 1.42% |
| Return on Equity (%) | ▼ | 10.73% | -0.19 | 10.92% |
| Net Interest Margin (%) | ▼ | 3.80% | -0.01 | 3.81% |
| Efficiency Ratio (%) | ▲ | 54.74% | -0.90 | 55.64% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.72 | $9 |
| Cost of Funds (%) | ▲ | 1.51% | -0.08 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,046 | +114.18 | $1,932 |
| Gross Loans ($M) | ▲ | $1,471 | +32.42 | $1,439 |
| Loan Growth YoY (%) | ▼ | 83.30% | -2.77 | 86.08% |
| Total Deposits ($M) | ▲ | $1,744 | +92.53 | $1,651 |
| Shareholders Equity ($M) | ▲ | $271 | +18.92 | $252 |
| Tang. Book Value ($M) | ▲ | $255 | +19.49 | $235 |
| TBV excl. AOCI ($M)** | ▲ | $265 | +18.69 | $247 |
| Loan / Deposit Ratio (%) | ▼ | 83.30% | -2.77 | 86.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.34 | 0.13% |
| Allowance / Loans (%) | — | 1.27% | 0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.48 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.26% | +1.27 | 18.99% |
Noninterest income ($2.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇▇██▆ | Net Interest Margin (%) | 3.52% | 3.57% | 3.62% | 3.81% | 3.83% | 3.85% | 3.89% | 3.80% |
| ▁▁▂▅▆██▅ | Return on Assets (%) | 1.24% | 1.27% | 1.31% | 1.42% | 1.45% | 1.54% | 1.57% | 1.42% |
| █▇▆▄▂▁▁▂ | Efficiency Ratio (%) | 58.8% | 58.0% | 57.4% | 55.6% | 54.8% | 54.0% | 53.5% | 54.7% |
| ▇██▃▄▄▅▁ | Cost of Funds (%) | 1.72% | 1.77% | 1.74% | 1.58% | 1.62% | 1.63% | 1.64% | 1.51% |
| ▃▂▁▁▂▃▃█ | NPA / Assets (%) | 0.22% | 0.20% | 0.16% | 0.13% | 0.21% | 0.23% | 0.23% | 0.47% |
| ▃▂▁▁▂▃▃█ | Net Charge-Off Ratio (%) | 0.29% | 0.27% | 0.19% | 0.16% | 0.26% | 0.30% | 0.29% | 0.64% |
| ▁▁▂▄▄▆▇█ | Tang. Book Value ($M) | $223 | $227 | $230 | $235 | $239 | $245 | $250 | $255 |
| ▁▃▂▃▆██▇ | Gross Loans ($M) | $1,416 | $1,439 | $1,430 | $1,439 | $1,461 | $1,483 | $1,481 | $1,471 |
| ▁▂▁▂▃▇▆█ | Total Deposits ($M) | $1,629 | $1,649 | $1,632 | $1,651 | $1,671 | $1,718 | $1,706 | $1,744 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |