Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.47 | 0.99% |
| Return on Equity (%) | ▼ | 37.71% | -7.57 | 45.28% |
| Net Interest Margin (%) | ▲ | 3.22% | +0.18 | 3.03% |
| Efficiency Ratio (%) | ▲ | 68.04% | -1.64 | 69.68% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.71 | $4 |
| Cost of Funds (%) | ▲ | 1.32% | -0.07 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,476 | +79.74 | $1,397 |
| Gross Loans ($M) | ▲ | $853 | +54.07 | $798 |
| Loan Growth YoY (%) | ▲ | 60.38% | +1.19 | 59.19% |
| Total Deposits ($M) | ▲ | $1,396 | +61.48 | $1,335 |
| Shareholders Equity ($M) | ▲ | $58 | +21.91 | $36 |
| Tang. Book Value ($M) | ▲ | $58 | +21.79 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +21.87 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 60.38% | +1.19 | 59.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.22% | -0.65 | 0.86% |
| Allowance / Loans (%) | — | 1.11% | 0.06% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -1.14 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.50% | +0.30 | 12.21% |
Noninterest income ($2.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇██ | Net Interest Margin (%) | 2.49% | 2.49% | 2.56% | 3.03% | 3.10% | 3.11% | 3.13% | 3.22% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.59% | 0.59% | 0.68% | 0.99% | 0.99% | 1.06% | 1.03% | 1.46% |
| ██▇▂▁▁▁▁ | Efficiency Ratio (%) | 79.7% | 79.1% | 76.6% | 69.7% | 68.4% | 67.6% | 67.0% | 68.0% |
| ▆█▆▂▄▅▃▁ | Cost of Funds (%) | 1.60% | 1.69% | 1.59% | 1.39% | 1.49% | 1.51% | 1.45% | 1.32% |
| ▇██▇▄▁▂▁ | NPA / Assets (%) | 0.92% | 1.02% | 0.93% | 0.86% | 0.52% | 0.18% | 0.29% | 0.22% |
| ▇█▇▇▃▁▁▁ | Net Charge-Off Ratio (%) | 1.64% | 1.82% | 1.61% | 1.51% | 0.87% | 0.32% | 0.49% | 0.37% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $15 | $36 | $24 | $36 | $42 | $50 | $55 | $58 |
| ▁▂▃▄▇▇██ | Gross Loans ($M) | $750 | $764 | $784 | $798 | $837 | $838 | $859 | $853 |
| ▂▁▂▄▄▇▇█ | Total Deposits ($M) | $1,298 | $1,277 | $1,302 | $1,335 | $1,330 | $1,377 | $1,373 | $1,396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Consumer | 12% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 5% |