Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.12 | 0.69% |
| Return on Equity (%) | ▲ | 9.53% | +1.07 | 8.46% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.05 | 2.78% |
| Efficiency Ratio (%) | ▲ | 75.30% | -1.07 | 76.37% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.47 | $5 |
| Cost of Funds (%) | ▲ | 1.85% | -0.07 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,496 | +20.07 | $2,476 |
| Gross Loans ($M) | ▲ | $1,335 | +8.37 | $1,327 |
| Loan Growth YoY (%) | ▼ | 64.22% | -0.93 | 65.14% |
| Total Deposits ($M) | ▲ | $2,029 | +39.78 | $1,990 |
| Shareholders Equity ($M) | ▲ | $212 | +15.23 | $197 |
| Tang. Book Value ($M) | ▲ | $212 | +15.23 | $197 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +17.22 | $231 |
| Loan / Deposit Ratio (%) | ▼ | 64.22% | -0.93 | 65.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.02 | 0.05% |
| Allowance / Loans (%) | — | 2.40% | 0.08% | 2.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.04 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.86% | +1.16 | 14.71% |
Noninterest income ($4.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇▇▇▇█ | Net Interest Margin (%) | 2.63% | 2.70% | 2.74% | 2.78% | 2.79% | 2.79% | 2.80% | 2.82% |
| ▁▃▄▁▆▅█▅ | Return on Assets (%) | 0.66% | 0.73% | 0.76% | 0.69% | 0.82% | 0.79% | 0.89% | 0.81% |
| █▆▅▆▂▃▁▄ | Efficiency Ratio (%) | 78.9% | 76.8% | 75.6% | 76.4% | 73.2% | 74.3% | 71.9% | 75.3% |
| ▄█▄▂▅▄▄▁ | Cost of Funds (%) | 1.99% | 2.18% | 1.99% | 1.92% | 2.03% | 2.00% | 1.99% | 1.85% |
| ▇▇▃▆█▃▁▁ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.05% | 0.06% | 0.04% | 0.03% | 0.03% |
| ▇▇▃▆█▃▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.09% | 0.07% | 0.09% | 0.10% | 0.07% | 0.05% | 0.05% |
| ▁▁▁▁▁▃▆█ | Tang. Book Value ($M) | $196 | $196 | $197 | $197 | $195 | $200 | $207 | $212 |
| ▂▁▂▅▆█▆▆ | Gross Loans ($M) | $1,307 | $1,301 | $1,310 | $1,327 | $1,335 | $1,347 | $1,334 | $1,335 |
| ▄▄▁▆▇█▇█ | Total Deposits ($M) | $1,956 | $1,950 | $1,888 | $1,990 | $1,999 | $2,034 | $2,012 | $2,029 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 2% |
| Consumer | 15% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 4% |