Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.37% | +0.16 | 2.22% |
| Return on Equity (%) | ▲ | 23.94% | +0.43 | 23.51% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.10 | 3.99% |
| Efficiency Ratio (%) | ▲ | 37.88% | -1.92 | 39.80% |
| Pre-Provision Profit ($M) | ▲ | $17 | +2.38 | $15 |
| Cost of Funds (%) | ▲ | 2.12% | -0.27 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,095 | +195.37 | $1,900 |
| Gross Loans ($M) | ▲ | $1,789 | +196.26 | $1,593 |
| Loan Growth YoY (%) | ▲ | 97.76% | +2.82 | 94.94% |
| Total Deposits ($M) | ▲ | $1,791 | +148.07 | $1,643 |
| Shareholders Equity ($M) | ▲ | $214 | +29.62 | $184 |
| Tang. Book Value ($M) | ▲ | $210 | +29.62 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $212 | +29.78 | $183 |
| Loan / Deposit Ratio (%) | ▲ | 97.76% | +2.82 | 94.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.17 | 0.09% |
| Allowance / Loans (%) | — | 2.14% | 0.06% | 2.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.19 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.96% | +0.30 | 11.66% |
Noninterest income ($6.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▇██▅ | Net Interest Margin (%) | 3.95% | 3.95% | 3.99% | 3.99% | 4.16% | 4.20% | 4.20% | 4.09% |
| ▄▁▁▁▇█▄█ | Return on Assets (%) | 2.28% | 2.21% | 2.22% | 2.22% | 2.34% | 2.36% | 2.28% | 2.37% |
| ▅█▇▄▂▂▂▁ | Efficiency Ratio (%) | 40.0% | 42.1% | 41.2% | 39.8% | 38.9% | 38.6% | 38.8% | 37.9% |
| ▇█▆▄▂▃▂▁ | Cost of Funds (%) | 2.66% | 2.76% | 2.58% | 2.39% | 2.25% | 2.33% | 2.20% | 2.12% |
| ▁▃▁▁▄█▇█ | NPA / Assets (%) | 0.08% | 0.12% | 0.07% | 0.09% | 0.15% | 0.26% | 0.21% | 0.26% |
| ▁▃▁▁▄█▆█ | Net Charge-Off Ratio (%) | 0.09% | 0.14% | 0.08% | 0.11% | 0.17% | 0.30% | 0.23% | 0.30% |
| ▁▁▁▃▅▆▆█ | Tang. Book Value ($M) | $166 | $167 | $169 | $180 | $192 | $195 | $197 | $210 |
| ▁▂▂▄▅▇██ | Gross Loans ($M) | $1,474 | $1,515 | $1,539 | $1,593 | $1,650 | $1,711 | $1,765 | $1,789 |
| ▁▂▄▄▄▅██ | Total Deposits ($M) | $1,523 | $1,573 | $1,648 | $1,643 | $1,627 | $1,674 | $1,797 | $1,791 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 15% |