Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.93 | 0.96% |
| Return on Equity (%) | ▲ | 28.77% | +9.91 | 18.86% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.90 | 2.06% |
| Efficiency Ratio (%) | ▲ | 51.42% | -11.99 | 63.41% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.90 | $4 |
| Cost of Funds (%) | ▲ | 1.70% | -0.56 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,454 | +84.75 | $1,369 |
| Gross Loans ($M) | ▲ | $768 | +32.60 | $735 |
| Loan Growth YoY (%) | ▲ | 66.69% | +5.66 | 61.02% |
| Total Deposits ($M) | ▼ | $1,138 | -52.51 | $1,190 |
| Shareholders Equity ($M) | ▲ | $95 | +19.22 | $75 |
| Tang. Book Value ($M) | ▲ | $95 | +19.22 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +20.38 | $99 |
| Loan / Deposit Ratio (%) | ▲ | 66.69% | +5.66 | 61.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.09 | 0.40% |
| Allowance / Loans (%) | — | 1.21% | -0.02% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.04 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.42% | +0.95 | 13.47% |
Noninterest income ($5.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 1.36% | 1.45% | 1.67% | 2.06% | 2.14% | 2.28% | 2.43% | 2.95% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 0.45% | 0.58% | 0.79% | 0.96% | 1.11% | 1.34% | 1.52% | 1.90% |
| █▇▆▄▃▂▂▁ | Efficiency Ratio (%) | 80.3% | 75.7% | 70.9% | 63.4% | 61.6% | 58.1% | 56.6% | 51.4% |
| ██▅▄▄▃▂▁ | Cost of Funds (%) | 2.88% | 2.75% | 2.39% | 2.26% | 2.20% | 2.11% | 1.86% | 1.70% |
| ██▁▅▄▄▂▃ | NPA / Assets (%) | 0.62% | 0.59% | 0.18% | 0.40% | 0.38% | 0.38% | 0.26% | 0.31% |
| ██▁▄▄▄▄▄ | Net Charge-Off Ratio (%) | 1.04% | 0.98% | 0.07% | 0.49% | 0.46% | 0.46% | 0.44% | 0.53% |
| ▁▄▂▅▆███ | Tang. Book Value ($M) | $53 | $71 | $64 | $75 | $84 | $93 | $98 | $95 |
| ▁▄▆▆████ | Gross Loans ($M) | $671 | $710 | $736 | $735 | $760 | $762 | $763 | $768 |
| ▁▃██▄▄▃▅ | Total Deposits ($M) | $1,074 | $1,112 | $1,191 | $1,190 | $1,129 | $1,131 | $1,113 | $1,138 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 17% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 14% |