Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.13 | 1.17% |
| Return on Equity (%) | ▲ | 11.34% | +0.81 | 10.53% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.30 | 3.55% |
| Efficiency Ratio (%) | ▲ | 55.06% | -5.04 | 60.10% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.86 | $5 |
| Cost of Funds (%) | ▲ | 2.67% | -0.21 | 2.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,387 | +119.23 | $1,268 |
| Gross Loans ($M) | ▲ | $1,126 | +64.05 | $1,062 |
| Loan Growth YoY (%) | ▼ | 91.67% | -3.65 | 95.33% |
| Total Deposits ($M) | ▲ | $1,213 | +112.47 | $1,100 |
| Shareholders Equity ($M) | ▲ | $165 | +25.67 | $139 |
| Tang. Book Value ($M) | ▲ | $165 | +25.67 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +25.79 | $141 |
| Loan / Deposit Ratio (%) | ▼ | 91.67% | -3.65 | 95.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.33 | 0.02% |
| Allowance / Loans (%) | — | 1.23% | 0.03% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.41 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.80% | +1.62 | 13.17% |
Noninterest income ($2.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 3.06% | 3.08% | 3.20% | 3.55% | 3.66% | 3.74% | 3.76% | 3.85% |
| ▁▂▃▅▇███ | Return on Assets (%) | 0.97% | 1.04% | 1.08% | 1.17% | 1.26% | 1.29% | 1.33% | 1.30% |
| █▇▇▅▄▅▄▁ | Efficiency Ratio (%) | 64.0% | 62.3% | 62.4% | 60.1% | 59.4% | 60.2% | 59.1% | 55.1% |
| ▇█▆▃▄▄▂▁ | Cost of Funds (%) | 3.28% | 3.38% | 3.15% | 2.88% | 2.98% | 3.01% | 2.79% | 2.67% |
| ▂▃▁▁▃▄██ | NPA / Assets (%) | 0.08% | 0.11% | 0.04% | 0.02% | 0.14% | 0.17% | 0.32% | 0.35% |
| ▂▃▁▁▃▄██ | Net Charge-Off Ratio (%) | 0.10% | 0.14% | 0.04% | 0.02% | 0.16% | 0.20% | 0.40% | 0.43% |
| ▁▂▂▂▃▅▆█ | Tang. Book Value ($M) | $131 | $135 | $137 | $139 | $143 | $148 | $153 | $165 |
| ▁▁▃▅▇███ | Gross Loans ($M) | $990 | $984 | $1,027 | $1,062 | $1,102 | $1,116 | $1,129 | $1,126 |
| ▁▂▁▃▅▄██ | Total Deposits ($M) | $1,066 | $1,078 | $1,047 | $1,100 | $1,136 | $1,128 | $1,215 | $1,213 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 26% |