Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.00 | 1.46% |
| Return on Equity (%) | ▼ | 14.28% | -0.67 | 14.95% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.10 | 3.26% |
| Efficiency Ratio (%) | ▼ | 67.13% | +1.19 | 65.94% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.38 | $7 |
| Cost of Funds (%) | ▼ | 1.59% | +0.01 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,880 | +82.11 | $1,798 |
| Gross Loans ($M) | ▲ | $1,303 | +84.13 | $1,219 |
| Loan Growth YoY (%) | ▲ | 78.89% | +2.78 | 76.12% |
| Total Deposits ($M) | ▲ | $1,631 | +48.31 | $1,582 |
| Shareholders Equity ($M) | ▲ | $191 | +14.14 | $177 |
| Tang. Book Value ($M) | ▲ | $191 | +14.14 | $177 |
| TBV excl. AOCI ($M)** | ▲ | $211 | +14.25 | $197 |
| Loan / Deposit Ratio (%) | ▲ | 78.89% | +2.78 | 76.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.79% | +0.31 | 0.48% |
| Allowance / Loans (%) | — | 1.24% | 0.08% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.36 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.44% | -0.48 | 13.93% |
Noninterest income ($6.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄███▆ | Net Interest Margin (%) | 3.07% | 3.11% | 3.12% | 3.26% | 3.45% | 3.47% | 3.48% | 3.36% |
| ▁▂▂▅███▅ | Return on Assets (%) | 1.29% | 1.33% | 1.37% | 1.46% | 1.58% | 1.61% | 1.60% | 1.46% |
| █▇▆▅▁▁▁▇ | Efficiency Ratio (%) | 68.4% | 67.7% | 66.9% | 65.9% | 63.7% | 63.4% | 63.5% | 67.1% |
| ▄▇█▁▂▂▃▁ | Cost of Funds (%) | 1.74% | 1.86% | 1.92% | 1.58% | 1.63% | 1.64% | 1.67% | 1.59% |
| ▃▁▁▂▅█▇▇ | NPA / Assets (%) | 0.57% | 0.46% | 0.42% | 0.48% | 0.70% | 0.88% | 0.81% | 0.79% |
| ▃▁▁▁▆█▇▅ | Net Charge-Off Ratio (%) | 0.73% | 0.55% | 0.49% | 0.57% | 0.96% | 1.20% | 1.09% | 0.92% |
| ▁▄▁▄▆█▇█ | Tang. Book Value ($M) | $163 | $175 | $166 | $177 | $183 | $189 | $185 | $191 |
| ▁▂▃▃▅▇██ | Gross Loans ($M) | $1,180 | $1,196 | $1,211 | $1,219 | $1,256 | $1,275 | $1,294 | $1,303 |
| ▁▁▃▆▃▅▃█ | Total Deposits ($M) | $1,446 | $1,441 | $1,493 | $1,582 | $1,509 | $1,538 | $1,505 | $1,631 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 11% |