Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.32 | 1.25% |
| Return on Equity (%) | ▲ | 17.47% | +2.31 | 15.16% |
| Net Interest Margin (%) | ▲ | 3.40% | +0.33 | 3.07% |
| Efficiency Ratio (%) | ▲ | 46.53% | -3.16 | 49.68% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.25 | $11 |
| Cost of Funds (%) | ▲ | 2.00% | -0.23 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,843 | +166.71 | $2,676 |
| Gross Loans ($M) | ▲ | $2,241 | +204.84 | $2,036 |
| Loan Growth YoY (%) | ▲ | 88.16% | +1.63 | 86.52% |
| Total Deposits ($M) | ▲ | $2,513 | +187.79 | $2,325 |
| Shareholders Equity ($M) | ▲ | $256 | +34.30 | $222 |
| Tang. Book Value ($M) | ▲ | $256 | +34.30 | $222 |
| TBV excl. AOCI ($M)** | ▲ | $278 | +33.81 | $244 |
| Loan / Deposit Ratio (%) | ▲ | 88.16% | +1.63 | 86.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.03 | 0.16% |
| Allowance / Loans (%) | — | 1.16% | -0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.74% | +0.33 | 12.41% |
Noninterest income ($4.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 2.83% | 2.92% | 2.99% | 3.07% | 3.19% | 3.23% | 3.30% | 3.40% |
| ▁▂▂▄▅▆▂█ | Return on Assets (%) | 0.95% | 1.04% | 1.08% | 1.25% | 1.28% | 1.34% | 1.10% | 1.56% |
| █▇▆▃▂▂▂▁ | Efficiency Ratio (%) | 57.4% | 54.9% | 54.0% | 49.7% | 49.0% | 48.6% | 49.2% | 46.5% |
| ██▅▄▄▆▂▁ | Cost of Funds (%) | 2.49% | 2.47% | 2.30% | 2.22% | 2.23% | 2.32% | 2.10% | 2.00% |
| ▁▆▅█▂▂▆▇ | NPA / Assets (%) | 0.03% | 0.11% | 0.10% | 0.16% | 0.05% | 0.05% | 0.11% | 0.13% |
| ▁▅▅█▂▂▆▆ | Net Charge-Off Ratio (%) | 0.04% | 0.14% | 0.14% | 0.20% | 0.06% | 0.06% | 0.14% | 0.16% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $198 | $211 | $210 | $222 | $228 | $240 | $248 | $256 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $1,869 | $1,931 | $1,973 | $2,036 | $2,113 | $2,131 | $2,189 | $2,241 |
| ▁▂▃▅▆█▆█ | Total Deposits ($M) | $2,074 | $2,151 | $2,184 | $2,325 | $2,358 | $2,491 | $2,360 | $2,513 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 13% |
| Consumer | 9% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 18% |