Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.05 | 2.13% |
| Return on Equity (%) | ▼ | 23.30% | -0.96 | 24.26% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.03 | 3.50% |
| Efficiency Ratio (%) | ▼ | 67.61% | +0.14 | 67.46% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.39 | $6 |
| Cost of Funds (%) | ▼ | 0.26% | +0.03 | 0.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,086 | +8.92 | $1,078 |
| Gross Loans ($M) | ▲ | $497 | +9.62 | $487 |
| Loan Growth YoY (%) | ▲ | 50.26% | +0.52 | 49.74% |
| Total Deposits ($M) | ▲ | $977 | +6.02 | $971 |
| Shareholders Equity ($M) | ▲ | $99 | +1.94 | $97 |
| Tang. Book Value ($M) | ▲ | $99 | +1.94 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +1.25 | $118 |
| Loan / Deposit Ratio (%) | ▲ | 50.26% | +0.52 | 49.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.13 | 0.03% |
| Allowance / Loans (%) | — | 1.17% | 0.30% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.29 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.74% | +0.13 | 16.60% |
Noninterest income ($10.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▂▆███▇ | Net Interest Margin (%) | 3.35% | 3.24% | 3.30% | 3.50% | 3.57% | 3.59% | 3.60% | 3.53% |
| ▇▁█▄▁█▁▁ | Return on Assets (%) | 2.17% | 2.07% | 2.19% | 2.13% | 2.07% | 2.18% | 2.08% | 2.07% |
| ▂▁▁█▅▄▅█ | Efficiency Ratio (%) | 63.2% | 63.0% | 62.4% | 67.5% | 65.4% | 64.8% | 65.3% | 67.6% |
| █▂▇▁▁▃▄▆ | Cost of Funds (%) | 0.28% | 0.24% | 0.27% | 0.24% | 0.24% | 0.25% | 0.25% | 0.26% |
| ▁▁▁▁▁▂█▇ | NPA / Assets (%) | 0.03% | 0.02% | 0.02% | 0.03% | 0.04% | 0.05% | 0.18% | 0.16% |
| ▁▁▁▁▁▂██ | Net Charge-Off Ratio (%) | 0.07% | 0.06% | 0.04% | 0.07% | 0.08% | 0.11% | 0.40% | 0.36% |
| ▄▆▁▃▆█▂▄ | Tang. Book Value ($M) | $98 | $104 | $91 | $97 | $102 | $109 | $94 | $99 |
| ▁▃▃▆▇███ | Gross Loans ($M) | $453 | $466 | $470 | $487 | $492 | $496 | $500 | $497 |
| ▂▁▇█▃▂██ | Total Deposits ($M) | $934 | $923 | $964 | $971 | $941 | $936 | $971 | $977 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 19% |
| C&I / Commercial | 23% |
| Consumer | 58% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 98% |