Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.11 | 0.89% |
| Return on Equity (%) | ▼ | 15.11% | -0.42 | 15.53% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.24 | 3.21% |
| Efficiency Ratio (%) | ▲ | 61.46% | -4.30 | 65.76% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.47 | $6 |
| Cost of Funds (%) | ▲ | 1.91% | -0.16 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,004 | +182.99 | $1,821 |
| Gross Loans ($M) | ▲ | $1,273 | +109.54 | $1,163 |
| Loan Growth YoY (%) | ▲ | 68.21% | +0.01 | 68.20% |
| Total Deposits ($M) | ▲ | $1,844 | +157.42 | $1,687 |
| Shareholders Equity ($M) | ▲ | $136 | +27.64 | $109 |
| Tang. Book Value ($M) | ▲ | $135 | +27.13 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $156 | +24.71 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 68.21% | +0.01 | 68.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.03 | 0.14% |
| Allowance / Loans (%) | — | 1.15% | 0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.05 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.50% | +0.64 | 10.86% |
Noninterest income ($3.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 2.49% | 2.60% | 2.71% | 3.21% | 3.32% | 3.38% | 3.42% | 3.46% |
| ▁▁▄▃▅▆█▆ | Return on Assets (%) | 0.79% | 0.80% | 0.94% | 0.89% | 0.96% | 1.00% | 1.08% | 1.00% |
| █▇▄▄▃▃▂▁ | Efficiency Ratio (%) | 72.6% | 70.0% | 65.9% | 65.8% | 64.7% | 65.0% | 63.7% | 61.5% |
| ██▅▃▃▂▁▁ | Cost of Funds (%) | 2.53% | 2.46% | 2.22% | 2.07% | 2.07% | 2.04% | 1.90% | 1.91% |
| ▁██▁▇▄▄▃ | NPA / Assets (%) | 0.13% | 0.26% | 0.26% | 0.14% | 0.24% | 0.19% | 0.19% | 0.17% |
| ▁▇█▁▆▄▄▃ | Net Charge-Off Ratio (%) | 0.20% | 0.40% | 0.43% | 0.21% | 0.36% | 0.29% | 0.31% | 0.27% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $94 | $110 | $102 | $107 | $112 | $123 | $132 | $135 |
| ▁▂▃▄▆███ | Gross Loans ($M) | $1,091 | $1,125 | $1,148 | $1,163 | $1,205 | $1,262 | $1,272 | $1,273 |
| ▁▁▄▂▂▃█▆ | Total Deposits ($M) | $1,607 | $1,611 | $1,735 | $1,687 | $1,688 | $1,720 | $1,932 | $1,844 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |