Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.09 | 0.74% |
| Return on Equity (%) | ▲ | 6.84% | +0.96 | 5.88% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.04 | 3.37% |
| Efficiency Ratio (%) | ▲ | 74.75% | -2.05 | 76.80% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.45 | $7 |
| Cost of Funds (%) | ▲ | 2.25% | -0.18 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,418 | +189.55 | $3,229 |
| Gross Loans ($M) | ▲ | $2,684 | +34.67 | $2,650 |
| Loan Growth YoY (%) | ▼ | 89.64% | -7.10 | 96.74% |
| Total Deposits ($M) | ▲ | $2,971 | +254.56 | $2,717 |
| Shareholders Equity ($M) | ▲ | $413 | +14.79 | $398 |
| Tang. Book Value ($M) | ▲ | $343 | +13.77 | $329 |
| TBV excl. AOCI ($M)** | ▲ | $360 | +22.47 | $337 |
| Loan / Deposit Ratio (%) | ▼ | 89.64% | -7.10 | 96.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.06 | 0.72% |
| Allowance / Loans (%) | — | 0.79% | -0.03% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.83% | +0.17 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.55% | +0.90 | 10.65% |
Noninterest income ($7.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▇▆▁▁▅█ | Net Interest Margin (%) | 3.40% | 3.36% | 3.38% | 3.37% | 3.29% | 3.30% | 3.35% | 3.40% |
| ███▇▆▁▂█ | Return on Assets (%) | 0.82% | 0.81% | 0.83% | 0.74% | 0.72% | 0.44% | 0.51% | 0.83% |
| ▁▁▁▆▇██▃ | Efficiency Ratio (%) | 71.8% | 72.4% | 71.9% | 76.8% | 77.8% | 79.8% | 79.6% | 74.8% |
| ▇█▇▃▄▆▅▁ | Cost of Funds (%) | 2.76% | 2.87% | 2.75% | 2.43% | 2.56% | 2.68% | 2.63% | 2.25% |
| ▁▁▅▄█▂▃▃ | NPA / Assets (%) | 0.58% | 0.56% | 0.76% | 0.72% | 0.89% | 0.63% | 0.65% | 0.65% |
| ▁▁▁▁█▆▆▆ | Net Charge-Off Ratio (%) | 0.68% | 0.66% | 0.67% | 0.66% | 0.90% | 0.83% | 0.81% | 0.83% |
| ▂▃█▁▂▁▁▂ | Tang. Book Value ($M) | $337 | $344 | $389 | $329 | $338 | $329 | $335 | $343 |
| ▁▄▃▆██▆█ | Gross Loans ($M) | $2,541 | $2,616 | $2,594 | $2,650 | $2,697 | $2,695 | $2,648 | $2,684 |
| ▁▂▁▃▇█▅▇ | Total Deposits ($M) | $2,538 | $2,601 | $2,520 | $2,717 | $2,946 | $3,077 | $2,801 | $2,971 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 26% |