Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.13 | 1.22% |
| Return on Equity (%) | ▲ | 13.14% | +0.44 | 12.70% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.29 | 3.62% |
| Efficiency Ratio (%) | ▲ | 57.32% | -1.51 | 58.82% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.38 | $9 |
| Cost of Funds (%) | ▲ | 1.43% | -0.12 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,013 | +57.51 | $1,955 |
| Gross Loans ($M) | ▲ | $1,526 | +45.73 | $1,480 |
| Loan Growth YoY (%) | ▼ | 85.64% | -3.91 | 89.55% |
| Total Deposits ($M) | ▲ | $1,758 | +126.23 | $1,632 |
| Shareholders Equity ($M) | ▲ | $211 | +21.19 | $190 |
| Tang. Book Value ($M) | ▲ | $199 | +21.59 | $178 |
| TBV excl. AOCI ($M)** | ▲ | $213 | +21.90 | $191 |
| Loan / Deposit Ratio (%) | ▼ | 85.64% | -3.91 | 89.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.08 | 0.37% |
| Allowance / Loans (%) | — | 1.31% | 0.06% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.02 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.12% | +0.53 | 13.59% |
Noninterest income ($5.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.41% | 3.46% | 3.49% | 3.62% | 3.68% | 3.74% | 3.78% | 3.90% |
| ▁▃▄▆▆█▇█ | Return on Assets (%) | 0.95% | 1.05% | 1.12% | 1.22% | 1.24% | 1.31% | 1.27% | 1.35% |
| █▇▅▂▂▁▂▁ | Efficiency Ratio (%) | 63.9% | 62.3% | 60.9% | 58.8% | 58.4% | 57.6% | 58.2% | 57.3% |
| ██▆▆▆█▄▁ | Cost of Funds (%) | 1.61% | 1.60% | 1.55% | 1.56% | 1.56% | 1.59% | 1.50% | 1.43% |
| █▇▄▂▂▂▁▁ | NPA / Assets (%) | 0.70% | 0.61% | 0.46% | 0.37% | 0.37% | 0.37% | 0.28% | 0.29% |
| █▆▃▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.70% | 0.59% | 0.39% | 0.29% | 0.29% | 0.31% | 0.31% | 0.31% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $158 | $168 | $174 | $178 | $184 | $192 | $196 | $199 |
| ▁▂▅▅▇▆██ | Gross Loans ($M) | $1,423 | $1,448 | $1,482 | $1,480 | $1,503 | $1,498 | $1,522 | $1,526 |
| ▁▁▂▄▃▆██ | Total Deposits ($M) | $1,546 | $1,547 | $1,582 | $1,632 | $1,624 | $1,687 | $1,744 | $1,758 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 15% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |