Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.18 | 1.25% |
| Return on Equity (%) | ▲ | 12.35% | +0.78 | 11.57% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.35 | 3.91% |
| Efficiency Ratio (%) | ▲ | 61.68% | -1.03 | 62.70% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.90 | $8 |
| Cost of Funds (%) | ▲ | 0.53% | -0.11 | 0.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,931 | +4.13 | $1,927 |
| Gross Loans ($M) | ▲ | $1,078 | +70.19 | $1,008 |
| Loan Growth YoY (%) | ▲ | 65.12% | +4.26 | 60.86% |
| Total Deposits ($M) | ▼ | $1,631 | -0.20 | $1,631 |
| Shareholders Equity ($M) | ▲ | $219 | +7.32 | $212 |
| Tang. Book Value ($M) | ▲ | $196 | +7.32 | $189 |
| TBV excl. AOCI ($M)** | ▲ | $227 | +3.91 | $223 |
| Loan / Deposit Ratio (%) | ▲ | 65.12% | +4.26 | 60.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.06 | 0.07% |
| Allowance / Loans (%) | — | 1.49% | -0.02% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 3.84% | 3.85% | 3.89% | 3.91% | 3.99% | 4.05% | 4.11% | 4.26% |
| ▁▄▆▄▃▄▄█ | Return on Assets (%) | 1.08% | 1.24% | 1.32% | 1.25% | 1.20% | 1.23% | 1.21% | 1.42% |
| █▁▁▄▂▃▄▁ | Efficiency Ratio (%) | 64.1% | 61.7% | 61.7% | 62.7% | 62.2% | 62.5% | 62.8% | 61.7% |
| ▅█▇▅▆▅▃▁ | Cost of Funds (%) | 0.63% | 0.70% | 0.68% | 0.63% | 0.64% | 0.64% | 0.59% | 0.53% |
| ▄▂▂▁▃▄▁█ | NPA / Assets (%) | 0.11% | 0.08% | 0.09% | 0.07% | 0.09% | 0.10% | 0.08% | 0.14% |
| ▂▄▅▁▃▄▁█ | Net Charge-Off Ratio (%) | 0.12% | 0.15% | 0.17% | 0.11% | 0.13% | 0.15% | 0.10% | 0.21% |
| ▁█▁▄▄██▇ | Tang. Book Value ($M) | $178 | $201 | $176 | $189 | $186 | $202 | $199 | $196 |
| ▁▃▁▁▄▆██ | Gross Loans ($M) | $1,010 | $1,029 | $1,007 | $1,008 | $1,040 | $1,060 | $1,081 | $1,078 |
| ▅▁▄█▅▅▁█ | Total Deposits ($M) | $1,613 | $1,594 | $1,611 | $1,631 | $1,614 | $1,614 | $1,599 | $1,631 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 1% |