Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.15 | 0.55% |
| Return on Equity (%) | ▲ | 6.53% | +1.34 | 5.19% |
| Net Interest Margin (%) | ▲ | 2.35% | +0.28 | 2.07% |
| Efficiency Ratio (%) | ▼ | 67.93% | +0.76 | 67.18% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.23 | $10 |
| Cost of Funds (%) | ▲ | 2.31% | -0.29 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,078 | +173.31 | $4,905 |
| Gross Loans ($M) | ▲ | $4,178 | +310.39 | $3,868 |
| Loan Growth YoY (%) | ▲ | 102.29% | +6.38 | 95.91% |
| Total Deposits ($M) | ▲ | $4,044 | +48.65 | $3,995 |
| Shareholders Equity ($M) | ▲ | $547 | +38.02 | $509 |
| Tang. Book Value ($M) | ▲ | $520 | +31.59 | $488 |
| TBV excl. AOCI ($M)** | ▲ | $534 | +30.48 | $504 |
| Loan / Deposit Ratio (%) | ▲ | 102.29% | +6.38 | 95.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.00% | 0.07% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.32% | +1.70 | 18.62% |
Noninterest income ($10.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 1.83% | 1.89% | 1.93% | 2.07% | 2.16% | 2.19% | 2.25% | 2.35% |
| ▁▂▂▃▆██▇ | Return on Assets (%) | 0.47% | 0.53% | 0.53% | 0.55% | 0.67% | 0.74% | 0.75% | 0.70% |
| █▇█▇▃▁▂█ | Efficiency Ratio (%) | 68.7% | 67.4% | 67.8% | 67.2% | 63.5% | 60.4% | 61.5% | 67.9% |
| ██▇▃▄▄▃▁ | Cost of Funds (%) | 3.08% | 3.05% | 2.91% | 2.59% | 2.66% | 2.62% | 2.59% | 2.31% |
| ▂█▁▆▄▁▃▂ | NPA / Assets (%) | 0.03% | 0.03% | 0.02% | 0.03% | 0.03% | 0.02% | 0.03% | 0.03% |
| ▃█▁▇▆▁▂▂ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.03% | 0.04% | 0.04% | 0.03% | 0.03% | 0.03% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $468 | $475 | $478 | $488 | $497 | $511 | $515 | $520 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $3,683 | $3,736 | $3,793 | $3,868 | $3,978 | $4,093 | $4,145 | $4,178 |
| ▁▁▁▆██▅▇ | Total Deposits ($M) | $3,681 | $3,662 | $3,678 | $3,995 | $4,146 | $4,160 | $3,915 | $4,044 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 1% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |