Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.86% | +0.20 | 0.66% |
| Return on Equity (%) | ▲ | 9.04% | +2.26 | 6.78% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.18 | 2.67% |
| Efficiency Ratio (%) | ▲ | 72.24% | -3.76 | 76.00% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.97 | $6 |
| Cost of Funds (%) | ▲ | 2.41% | -0.22 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,239 | +337.21 | $2,902 |
| Gross Loans ($M) | ▲ | $2,719 | +282.62 | $2,436 |
| Loan Growth YoY (%) | ▼ | 94.66% | -0.83 | 95.48% |
| Total Deposits ($M) | ▲ | $2,850 | +317.64 | $2,532 |
| Shareholders Equity ($M) | ▲ | $308 | +20.69 | $288 |
| Tang. Book Value ($M) | ▲ | $277 | +20.90 | $256 |
| TBV excl. AOCI ($M)** | ▲ | $284 | +24.06 | $260 |
| Loan / Deposit Ratio (%) | ▼ | 94.66% | -0.83 | 95.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.12 | 0.59% |
| Allowance / Loans (%) | — | 0.77% | 0.03% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.32 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.33% | -0.43 | 11.76% |
Noninterest income ($8.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▅▆█ | Net Interest Margin (%) | 2.42% | 2.41% | 2.45% | 2.67% | 2.64% | 2.65% | 2.71% | 2.85% |
| ▁▁▁▅▃▃▃█ | Return on Assets (%) | 0.37% | 0.37% | 0.40% | 0.66% | 0.54% | 0.52% | 0.51% | 0.86% |
| ███▃▄▄▄▁ | Efficiency Ratio (%) | 81.4% | 82.1% | 82.6% | 76.0% | 76.7% | 76.1% | 76.5% | 72.2% |
| ██▆▃▂▆▄▁ | Cost of Funds (%) | 2.96% | 3.02% | 2.82% | 2.63% | 2.52% | 2.81% | 2.68% | 2.41% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 1.68% | 1.79% | 1.68% | 0.59% | 0.62% | 0.73% | 0.62% | 0.71% |
| █▁▁▁▁▂▁▃ | Net Charge-Off Ratio (%) | 1.52% | 0.63% | 0.53% | 0.52% | 0.56% | 0.74% | 0.62% | 0.85% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $244 | $247 | $251 | $256 | $260 | $263 | $268 | $277 |
| ▃▁▂▁▅▆██ | Gross Loans ($M) | $2,483 | $2,396 | $2,451 | $2,436 | $2,564 | $2,613 | $2,691 | $2,719 |
| ▁▂▂▂▂█▇█ | Total Deposits ($M) | $2,431 | $2,521 | $2,531 | $2,532 | $2,537 | $2,856 | $2,754 | $2,850 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 18% |