Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.11 | 0.68% |
| Return on Equity (%) | ▲ | 8.39% | +0.52 | 7.87% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.24 | 3.02% |
| Efficiency Ratio (%) | ▲ | 71.77% | -2.74 | 74.51% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.64% | -0.41 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,562 | +42.82 | $1,519 |
| Gross Loans ($M) | ▼ | $681 | -22.79 | $704 |
| Loan Growth YoY (%) | ▼ | 48.46% | -2.68 | 51.14% |
| Total Deposits ($M) | ▲ | $1,377 | +28.42 | $1,349 |
| Shareholders Equity ($M) | ▲ | $147 | +10.97 | $136 |
| Tang. Book Value ($M) | ▲ | $146 | +10.97 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $181 | +14.43 | $167 |
| Loan / Deposit Ratio (%) | ▼ | 48.46% | -2.68 | 51.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.13 | 0.52% |
| Allowance / Loans (%) | — | 2.00% | 0.01% | 1.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.24 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.75% | +0.85 | 18.90% |
Noninterest income ($2.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▅▆█ | Net Interest Margin (%) | 2.88% | 2.88% | 2.93% | 3.02% | 3.02% | 3.09% | 3.15% | 3.26% |
| ▁▁▃▆▅▆▇█ | Return on Assets (%) | 0.48% | 0.51% | 0.58% | 0.68% | 0.65% | 0.70% | 0.72% | 0.79% |
| █▆▄▄▅▄▄▁ | Efficiency Ratio (%) | 78.9% | 77.0% | 75.3% | 74.5% | 75.3% | 74.8% | 74.7% | 71.8% |
| ███▆▅▅▃▁ | Cost of Funds (%) | 2.22% | 2.30% | 2.23% | 2.05% | 2.03% | 2.03% | 1.82% | 1.64% |
| █▆█▇▂▁▂▁ | NPA / Assets (%) | 0.55% | 0.51% | 0.55% | 0.52% | 0.43% | 0.41% | 0.42% | 0.39% |
| █▅█▇▂▁▂▁ | Net Charge-Off Ratio (%) | 1.07% | 0.97% | 1.09% | 1.03% | 0.85% | 0.81% | 0.84% | 0.80% |
| ▁▄▃▅▆▆██ | Tang. Book Value ($M) | $120 | $130 | $128 | $135 | $139 | $138 | $143 | $146 |
| ▁████▆▅▃ | Gross Loans ($M) | $668 | $700 | $701 | $704 | $702 | $692 | $690 | $681 |
| ▁▂▅▆████ | Total Deposits ($M) | $1,260 | $1,281 | $1,328 | $1,349 | $1,385 | $1,373 | $1,373 | $1,377 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |