Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.31% | +0.18 | 0.13% |
| Return on Equity (%) | ▲ | 3.73% | +2.00 | 1.73% |
| Net Interest Margin (%) | ▲ | 2.55% | +0.55 | 2.00% |
| Efficiency Ratio (%) | ▲ | 87.96% | -6.40 | 94.35% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.90 | $1 |
| Cost of Funds (%) | ▲ | 2.39% | -0.84 | 3.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,589 | -116.61 | $3,705 |
| Gross Loans ($M) | ▼ | $2,745 | -251.76 | $2,996 |
| Loan Growth YoY (%) | ▼ | 83.61% | -17.19 | 100.80% |
| Total Deposits ($M) | ▲ | $3,238 | +306.07 | $2,932 |
| Shareholders Equity ($M) | ▲ | $298 | +16.96 | $281 |
| Tang. Book Value ($M) | ▲ | $298 | +16.96 | $281 |
| TBV excl. AOCI ($M)** | ▲ | $320 | +17.09 | $303 |
| Loan / Deposit Ratio (%) | ▼ | 83.61% | -17.19 | 100.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.07 | 0.11% |
| Allowance / Loans (%) | — | 1.36% | -0.01% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.10 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.70% | +1.21 | 10.49% |
Noninterest income ($4.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▅▅▆█ | Net Interest Margin (%) | 1.58% | 1.70% | 1.78% | 2.00% | 2.08% | 2.14% | 2.25% | 2.55% |
| ▁▂▃▄▃▄▅█ | Return on Assets (%) | 0.01% | 0.07% | 0.11% | 0.13% | 0.12% | 0.15% | 0.19% | 0.31% |
| █▆▄▄▄▃▁▁ | Efficiency Ratio (%) | 102.4% | 97.4% | 95.0% | 94.4% | 94.5% | 92.4% | 89.2% | 88.0% |
| ██▇▅▄▃▂▁ | Cost of Funds (%) | 3.86% | 3.91% | 3.54% | 3.23% | 3.15% | 2.96% | 2.61% | 2.39% |
| ██▅▁▁█▅▄ | NPA / Assets (%) | 0.24% | 0.25% | 0.19% | 0.11% | 0.13% | 0.26% | 0.20% | 0.18% |
| ██▅▁▁▇▅▅ | Net Charge-Off Ratio (%) | 0.28% | 0.30% | 0.23% | 0.13% | 0.15% | 0.28% | 0.22% | 0.23% |
| ▁▄▂▂▁▅██ | Tang. Book Value ($M) | $280 | $286 | $280 | $281 | $277 | $291 | $300 | $298 |
| █▆▅▄▃▁▁▁ | Gross Loans ($M) | $3,298 | $3,147 | $3,070 | $2,996 | $2,920 | $2,797 | $2,732 | $2,745 |
| ▁▄▁▁▅███ | Total Deposits ($M) | $2,956 | $3,062 | $2,949 | $2,932 | $3,101 | $3,234 | $3,268 | $3,238 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 22% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |