Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.24% | +1.16 | 1.08% |
| Return on Equity (%) | ▲ | 22.09% | +11.55 | 10.54% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.54 | 2.39% |
| Efficiency Ratio (%) | ▲ | 45.28% | -19.81 | 65.09% |
| Pre-Provision Profit ($M) | ▲ | $23 | +12.20 | $10 |
| Cost of Funds (%) | ▲ | 2.73% | -0.35 | 3.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,011 | +99.96 | $3,911 |
| Gross Loans ($M) | ▲ | $3,541 | +74.79 | $3,466 |
| Loan Growth YoY (%) | ▲ | 100.77% | +0.52 | 100.24% |
| Total Deposits ($M) | ▲ | $3,485 | +56.40 | $3,429 |
| Shareholders Equity ($M) | ▲ | $407 | +6.77 | $400 |
| Tang. Book Value ($M) | ▲ | $331 | +8.62 | $322 |
| Loan / Deposit Ratio (%) | ▲ | 100.77% | +0.52 | 100.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.19 | 0.38% |
| Allowance / Loans (%) | — | 0.81% | -0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.21 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($13.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 1.91% | 1.91% | 1.99% | 2.39% | 2.52% | 2.59% | 2.67% | 2.93% |
| ▁▁▁▂▃▆▅█ | Return on Assets (%) | 0.70% | 0.85% | 0.83% | 1.08% | 1.27% | 1.69% | 1.65% | 2.24% |
| ███▆▅▃▃▁ | Efficiency Ratio (%) | 73.1% | 69.8% | 70.6% | 65.1% | 61.1% | 52.4% | 54.7% | 45.3% |
| ▇█▆▄▂▃▂▁ | Cost of Funds (%) | 3.45% | 3.56% | 3.30% | 3.08% | 2.90% | 2.99% | 2.91% | 2.73% |
| ▁▁▃▅▄▆▆█ | NPA / Assets (%) | 0.18% | 0.23% | 0.29% | 0.38% | 0.35% | 0.46% | 0.45% | 0.57% |
| ▁▂▃▅▄▆▆█ | Net Charge-Off Ratio (%) | 0.20% | 0.26% | 0.33% | 0.43% | 0.39% | 0.52% | 0.51% | 0.64% |
| ▁▂▂▄▆██▇ | Tang. Book Value ($M) | $314 | $318 | $318 | $322 | $327 | $335 | $333 | $331 |
| ▃▂▁▂▇█▆▅ | Gross Loans ($M) | $3,489 | $3,484 | $3,441 | $3,466 | $3,583 | $3,617 | $3,566 | $3,541 |
| ▁▃▇▇▆▇██ | Total Deposits ($M) | $3,165 | $3,282 | $3,413 | $3,429 | $3,372 | $3,409 | $3,485 | $3,485 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 11% |