Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.51 | 0.55% |
| Return on Equity (%) | ▲ | 7.06% | +3.39 | 3.67% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.43 | 2.56% |
| Efficiency Ratio (%) | ▲ | 77.89% | -10.76 | 88.65% |
| Pre-Provision Profit ($M) | ▲ | $8 | +4.49 | $3 |
| Cost of Funds (%) | ▲ | 2.41% | -0.39 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,253 | +78.31 | $2,174 |
| Gross Loans ($M) | ▲ | $1,829 | +48.85 | $1,780 |
| Loan Growth YoY (%) | ▼ | 123.57% | -1.00 | 124.58% |
| Total Deposits ($M) | ▲ | $1,465 | +51.19 | $1,414 |
| Shareholders Equity ($M) | ▲ | $339 | +10.35 | $329 |
| Tang. Book Value ($M) | ▲ | $337 | +10.21 | $327 |
| TBV excl. AOCI ($M)** | ▲ | $349 | +11.38 | $338 |
| Loan / Deposit Ratio (%) | ▼ | 123.57% | -1.00 | 124.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.00 | 0.35% |
| Allowance / Loans (%) | — | 0.97% | -0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.01 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.24% | -0.36 | 19.60% |
Noninterest income ($20.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.14% | 2.18% | 2.27% | 2.56% | 2.63% | 2.70% | 2.80% | 2.99% |
| ▃▄▄▁▆██▇ | Return on Assets (%) | 0.77% | 0.79% | 0.82% | 0.55% | 0.97% | 1.11% | 1.17% | 1.06% |
| ▅▅▄█▃▁▁▁ | Efficiency Ratio (%) | 83.5% | 83.6% | 82.7% | 88.7% | 80.7% | 78.4% | 77.4% | 77.9% |
| ▇█▆▅▃▃▂▁ | Cost of Funds (%) | 3.04% | 3.16% | 2.94% | 2.80% | 2.66% | 2.62% | 2.55% | 2.41% |
| ▁▁▃▇█▂▄▇ | NPA / Assets (%) | 0.25% | 0.25% | 0.28% | 0.35% | 0.37% | 0.27% | 0.29% | 0.35% |
| ▁▁▂▇█▂▃▇ | Net Charge-Off Ratio (%) | 0.29% | 0.29% | 0.31% | 0.42% | 0.45% | 0.32% | 0.34% | 0.41% |
| ▁▃▄▄▃▆██ | Tang. Book Value ($M) | $319 | $326 | $327 | $327 | $325 | $331 | $336 | $337 |
| █▅▃▁▄▅▃▄ | Gross Loans ($M) | $1,902 | $1,851 | $1,816 | $1,780 | $1,826 | $1,851 | $1,821 | $1,829 |
| ▁▂▆▆▇▇██ | Total Deposits ($M) | $1,267 | $1,315 | $1,399 | $1,414 | $1,427 | $1,434 | $1,476 | $1,465 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 18% |