Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.25% | +0.12 | 0.13% |
| Return on Equity (%) | ▲ | 2.62% | +1.40 | 1.22% |
| Net Interest Margin (%) | ▲ | 1.93% | +0.60 | 1.33% |
| Efficiency Ratio (%) | ▲ | 79.03% | -5.40 | 84.43% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.29 | $1 |
| Cost of Funds (%) | ▲ | 2.95% | -0.70 | 3.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,578 | +353.58 | $2,224 |
| Gross Loans ($M) | ▲ | $1,733 | +130.85 | $1,602 |
| Loan Growth YoY (%) | ▼ | 114.18% | -5.73 | 119.92% |
| Total Deposits ($M) | ▲ | $1,506 | +181.13 | $1,325 |
| Shareholders Equity ($M) | ▲ | $257 | +16.21 | $241 |
| Tang. Book Value ($M) | ▲ | $231 | +45.92 | $185 |
| TBV excl. AOCI ($M)** | ▲ | $254 | +57.69 | $197 |
| Loan / Deposit Ratio (%) | ▼ | 114.18% | -5.73 | 119.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.07 | 0.21% |
| Allowance / Loans (%) | — | 0.78% | -0.06% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.13 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.03% | +0.70 | 15.33% |
Noninterest income ($-2.07M) 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 (%) | 1.37% | 1.44% | 1.42% | 1.33% | 1.43% | 1.61% | 1.64% | 1.93% |
| ▇▇█▁▄▇█▃ | Return on Assets (%) | 0.51% | 0.53% | 0.62% | 0.13% | 0.37% | 0.53% | 0.57% | 0.25% |
| ▂▁▁█▄▂▂▇ | Efficiency Ratio (%) | 52.0% | 51.3% | 47.1% | 84.4% | 61.4% | 51.9% | 54.4% | 79.0% |
| ▅▅██▄▂▃▁ | Cost of Funds (%) | 3.38% | 3.38% | 3.63% | 3.65% | 3.27% | 3.13% | 3.16% | 2.95% |
| ▁▁▆▆▆███ | NPA / Assets (%) | 0.03% | 0.04% | 0.20% | 0.21% | 0.21% | 0.30% | 0.30% | 0.28% |
| ▁▁▅▅▆███ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.28% | 0.29% | 0.31% | 0.45% | 0.47% | 0.42% |
| ▁▄▂▂▇███ | Tang. Book Value ($M) | $170 | $196 | $184 | $185 | $221 | $227 | $232 | $231 |
| ▄▄▅▁▁▆▇█ | Gross Loans ($M) | $1,655 | $1,665 | $1,682 | $1,602 | $1,602 | $1,691 | $1,705 | $1,733 |
| ▂▅▁▃▅█▄▆ | Total Deposits ($M) | $1,314 | $1,445 | $1,203 | $1,325 | $1,498 | $1,683 | $1,395 | $1,506 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 23% |