Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.24 | 1.24% |
| Return on Equity (%) | ▼ | 9.65% | -1.95 | 11.60% |
| Net Interest Margin (%) | ▼ | 3.98% | -0.02 | 4.00% |
| Efficiency Ratio (%) | ▲ | 66.11% | -3.44 | 69.55% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.52 | $10 |
| Cost of Funds (%) | ▲ | 1.87% | -0.25 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,277 | +303.82 | $2,973 |
| Gross Loans ($M) | ▲ | $2,404 | +340.44 | $2,063 |
| Loan Growth YoY (%) | ▲ | 82.04% | +3.10 | 78.94% |
| Total Deposits ($M) | ▲ | $2,902 | +312.94 | $2,589 |
| Shareholders Equity ($M) | ▼ | $326 | -3.67 | $330 |
| Tang. Book Value ($M) | ▼ | $324 | -3.36 | $327 |
| TBV excl. AOCI ($M)** | ▼ | $345 | -3.18 | $348 |
| Loan / Deposit Ratio (%) | ▲ | 82.04% | +3.10 | 78.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.08% | -0.30 | 1.38% |
| Allowance / Loans (%) | — | 0.94% | 0.01% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.45% | -0.40 | 1.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▂▁█▄▅▅█ | Net Interest Margin (%) | 3.87% | 3.76% | 3.72% | 4.00% | 3.86% | 3.86% | 3.89% | 3.98% |
| ▂▁▃▅▁█▇▂ | Return on Assets (%) | 1.01% | 0.90% | 1.09% | 1.24% | 0.91% | 1.55% | 1.46% | 1.00% |
| ▇█▇██▁▂▆ | Efficiency Ratio (%) | 68.6% | 70.8% | 68.5% | 69.5% | 71.5% | 55.9% | 59.3% | 66.1% |
| ▆██▅▃▅▃▁ | Cost of Funds (%) | 2.17% | 2.28% | 2.25% | 2.12% | 1.99% | 2.12% | 1.98% | 1.87% |
| ▁▂▂█▇▂▃▅ | NPA / Assets (%) | 0.74% | 0.87% | 0.89% | 1.38% | 1.28% | 0.84% | 0.96% | 1.08% |
| ▁▃▂██▂▃▄ | Net Charge-Off Ratio (%) | 1.05% | 1.32% | 1.17% | 1.85% | 1.81% | 1.16% | 1.31% | 1.45% |
| ▁▂▁▄▂▇█▃ | Tang. Book Value ($M) | $312 | $321 | $316 | $327 | $319 | $341 | $349 | $324 |
| ▄▃▁▁▃▅▇█ | Gross Loans ($M) | $2,207 | $2,171 | $2,100 | $2,063 | $2,153 | $2,259 | $2,343 | $2,404 |
| ▆█▃▁▅▄▅▆ | Total Deposits ($M) | $2,892 | $3,009 | $2,706 | $2,589 | $2,810 | $2,781 | $2,849 | $2,902 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 10% |