Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.14 | 1.62% |
| Return on Equity (%) | ▲ | 20.45% | +0.89 | 19.56% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.53 | 3.55% |
| Efficiency Ratio (%) | ▼ | 52.21% | +2.52 | 49.69% |
| Pre-Provision Profit ($M) | ▲ | $13 | +0.72 | $12 |
| Cost of Funds (%) | ▲ | 1.29% | -0.29 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,435 | +15.32 | $2,420 |
| Gross Loans ($M) | ▲ | $1,621 | +99.93 | $1,521 |
| Loan Growth YoY (%) | ▲ | 76.71% | +6.67 | 70.04% |
| Total Deposits ($M) | ▼ | $2,077 | -56.35 | $2,133 |
| Shareholders Equity ($M) | ▼ | $204 | -1.61 | $205 |
| Tang. Book Value ($M) | ▼ | $202 | -1.61 | $204 |
| TBV excl. AOCI ($M)** | ▼ | $230 | -4.36 | $235 |
| Loan / Deposit Ratio (%) | ▲ | 76.71% | +6.67 | 70.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.71% | -0.06% | 1.77% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.03% | -0.86 | 12.89% |
Noninterest income ($4.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄▆█ | Net Interest Margin (%) | 3.36% | 3.41% | 3.53% | 3.55% | 3.59% | 3.66% | 3.82% | 4.09% |
| ▁▂▁▆▆▆▇█ | Return on Assets (%) | 1.37% | 1.45% | 1.42% | 1.62% | 1.64% | 1.63% | 1.67% | 1.76% |
| █▆▅▁▁▂▃▄ | Efficiency Ratio (%) | 55.1% | 53.3% | 52.8% | 49.7% | 50.3% | 50.8% | 51.5% | 52.2% |
| ▇█▅▅▆▆▃▁ | Cost of Funds (%) | 1.73% | 1.80% | 1.55% | 1.58% | 1.61% | 1.64% | 1.47% | 1.29% |
| ▁█▁▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▆▄▆▆█▇▆ | Tang. Book Value ($M) | $190 | $202 | $198 | $204 | $203 | $209 | $206 | $202 |
| ▁▁▂▂▃▅▇█ | Gross Loans ($M) | $1,495 | $1,505 | $1,527 | $1,521 | $1,540 | $1,564 | $1,590 | $1,621 |
| ▁▃█▄▁▂▁▂ | Total Deposits ($M) | $2,051 | $2,099 | $2,245 | $2,133 | $2,039 | $2,085 | $2,063 | $2,077 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 18% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |