Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.28 | 0.77% |
| Return on Equity (%) | ▲ | 12.63% | +2.89 | 9.74% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.37 | 3.87% |
| Efficiency Ratio (%) | ▲ | 82.39% | -1.02 | 83.40% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.34 | $3 |
| Cost of Funds (%) | ▲ | 1.48% | -0.34 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,368 | +33.24 | $1,335 |
| Gross Loans ($M) | ▲ | $1,138 | +7.73 | $1,131 |
| Loan Growth YoY (%) | ▲ | 106.56% | +9.40 | 97.17% |
| Total Deposits ($M) | ▼ | $1,058 | -91.55 | $1,149 |
| Shareholders Equity ($M) | ▲ | $116 | +10.40 | $106 |
| Tang. Book Value ($M) | ▲ | $84 | +6.78 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +6.62 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 106.56% | +9.40 | 97.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +0.62 | 0.68% |
| Allowance / Loans (%) | — | 0.97% | -0.25% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.56% | +0.77 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.20% | +0.67 | 10.53% |
Noninterest income ($12.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇███ | Net Interest Margin (%) | 3.16% | 3.32% | 3.44% | 3.87% | 4.04% | 4.28% | 4.31% | 4.24% |
| ▁▁▁▃▅▆▆█ | Return on Assets (%) | 0.66% | 0.61% | 0.64% | 0.77% | 0.86% | 0.90% | 0.92% | 1.05% |
| ▁██▄▁▂▆▁ | Efficiency Ratio (%) | 82.4% | 84.6% | 84.6% | 83.4% | 82.6% | 82.7% | 83.8% | 82.4% |
| ██▆▄▃▁▁▁ | Cost of Funds (%) | 2.26% | 2.16% | 2.05% | 1.82% | 1.73% | 1.49% | 1.44% | 1.48% |
| ▁▁▁▂▆▅▄█ | NPA / Assets (%) | 0.58% | 0.63% | 0.64% | 0.68% | 1.05% | 1.02% | 0.91% | 1.30% |
| ▁▁▁▁▅▅▄█ | Net Charge-Off Ratio (%) | 0.70% | 0.75% | 0.75% | 0.79% | 1.22% | 1.21% | 1.06% | 1.56% |
| ▁▃▃▃▅██▇ | Tang. Book Value ($M) | $73 | $77 | $76 | $77 | $80 | $84 | $86 | $84 |
| ▁▁▃▄█▆█▅ | Gross Loans ($M) | $1,086 | $1,097 | $1,111 | $1,131 | $1,173 | $1,159 | $1,183 | $1,138 |
| ▃▄▅▅▅▆█▁ | Total Deposits ($M) | $1,108 | $1,139 | $1,157 | $1,149 | $1,152 | $1,170 | $1,230 | $1,058 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 20% |