Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.06 | 1.28% |
| Return on Equity (%) | ▲ | 12.65% | +0.68 | 11.97% |
| Net Interest Margin (%) | ▼ | 2.86% | -0.11 | 2.97% |
| Efficiency Ratio (%) | ▲ | 53.96% | -0.55 | 54.51% |
| Pre-Provision Profit ($M) | ▲ | $12 | +0.86 | $11 |
| Cost of Funds (%) | ▲ | 2.21% | -0.30 | 2.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,093 | +331.25 | $2,761 |
| Gross Loans ($M) | ▲ | $2,048 | +7.21 | $2,041 |
| Loan Growth YoY (%) | ▼ | 74.22% | -9.70 | 83.92% |
| Total Deposits ($M) | ▲ | $2,727 | +329.48 | $2,397 |
| Shareholders Equity ($M) | ▲ | $308 | +17.88 | $290 |
| Tang. Book Value ($M) | ▲ | $305 | +17.88 | $287 |
| TBV excl. AOCI ($M)** | ▲ | $321 | +19.14 | $302 |
| Loan / Deposit Ratio (%) | ▼ | 74.22% | -9.70 | 83.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.30 | 0.67% |
| Allowance / Loans (%) | — | 1.21% | -0.24% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.56% | -0.35 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.89% | +0.16 | 12.73% |
Noninterest income ($5.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▆█▅▆▆█▁ | Net Interest Margin (%) | 2.93% | 3.00% | 3.04% | 2.97% | 3.00% | 3.01% | 3.06% | 2.86% |
| ▁▁▂█▇▇██ | Return on Assets (%) | 0.83% | 0.81% | 0.89% | 1.28% | 1.26% | 1.25% | 1.30% | 1.34% |
| ▇██▁▁▁▂▁ | Efficiency Ratio (%) | 60.4% | 62.5% | 61.6% | 54.5% | 54.3% | 55.0% | 55.3% | 54.0% |
| ██▆▃▅▅▆▁ | Cost of Funds (%) | 3.07% | 3.13% | 2.80% | 2.51% | 2.70% | 2.74% | 2.86% | 2.21% |
| ▄▆█▇▅▃▄▁ | NPA / Assets (%) | 0.54% | 0.60% | 0.72% | 0.67% | 0.56% | 0.47% | 0.50% | 0.37% |
| ▃▅██▄▂▃▁ | Net Charge-Off Ratio (%) | 0.66% | 0.73% | 0.90% | 0.90% | 0.72% | 0.62% | 0.67% | 0.56% |
| ▁▂▃▅▆▇██ | Tang. Book Value ($M) | $266 | $274 | $278 | $287 | $295 | $296 | $301 | $305 |
| ▇▆▂▁▁█▁▂ | Gross Loans ($M) | $2,108 | $2,091 | $2,049 | $2,041 | $2,032 | $2,119 | $2,031 | $2,048 |
| ▁▂▁▄▃▄▃█ | Total Deposits ($M) | $2,101 | $2,205 | $2,127 | $2,397 | $2,310 | $2,407 | $2,302 | $2,727 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 21% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 13% |