Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.43 | 1.31% |
| Return on Equity (%) | ▲ | 13.84% | +3.35 | 10.49% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.19 | 3.90% |
| Efficiency Ratio (%) | ▲ | 64.97% | -5.37 | 70.34% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.96 | $7 |
| Cost of Funds (%) | ▲ | 0.89% | -0.15 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,440 | +20.89 | $1,419 |
| Gross Loans ($M) | ▼ | $781 | -4.31 | $785 |
| Loan Growth YoY (%) | ▼ | 62.13% | -1.47 | 63.60% |
| Total Deposits ($M) | ▲ | $1,237 | +20.20 | $1,217 |
| Shareholders Equity ($M) | ▲ | $181 | +0.39 | $180 |
| Tang. Book Value ($M) | ▲ | $166 | +0.39 | $166 |
| TBV excl. AOCI ($M)** | ▲ | $186 | +3.22 | $182 |
| Loan / Deposit Ratio (%) | ▼ | 62.13% | -1.47 | 63.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.54 | 0.04% |
| Allowance / Loans (%) | — | 1.60% | 0.13% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +1.00 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.04% | -0.89 | 23.93% |
Noninterest income ($12.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▂▄▅▇██ | Net Interest Margin (%) | 3.78% | 3.87% | 3.86% | 3.90% | 3.95% | 4.05% | 4.06% | 4.09% |
| ▁▃▃▁▁▂▃█ | Return on Assets (%) | 1.35% | 1.46% | 1.43% | 1.31% | 1.33% | 1.39% | 1.47% | 1.74% |
| ▄▄▅██▆▄▁ | Efficiency Ratio (%) | 67.5% | 67.2% | 68.1% | 70.3% | 70.7% | 69.0% | 67.7% | 65.0% |
| ██▇▅▅▄▃▁ | Cost of Funds (%) | 1.15% | 1.16% | 1.10% | 1.05% | 1.04% | 1.00% | 0.98% | 0.89% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.06% | 0.06% | 0.05% | 0.04% | 0.07% | 0.05% | 0.08% | 0.59% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.09% | 0.10% | 0.09% | 0.08% | 0.13% | 0.09% | 0.14% | 1.08% |
| ▁▄▂▅▆█▄▅ | Tang. Book Value ($M) | $151 | $162 | $156 | $166 | $171 | $178 | $164 | $166 |
| █▆▄▁▁▅▃▁ | Gross Loans ($M) | $869 | $846 | $823 | $785 | $778 | $826 | $808 | $781 |
| ▁▁▄▆▇▆▇█ | Total Deposits ($M) | $1,176 | $1,170 | $1,200 | $1,217 | $1,222 | $1,218 | $1,225 | $1,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 20% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |