Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.34 | 1.55% |
| Return on Equity (%) | ▲ | 18.33% | +3.27 | 15.06% |
| Net Interest Margin (%) | ▼ | 3.61% | -0.24 | 3.85% |
| Efficiency Ratio (%) | ▲ | 54.42% | -3.33 | 57.75% |
| Pre-Provision Profit ($M) | ▲ | $17 | +2.95 | $14 |
| Cost of Funds (%) | ▲ | 1.72% | -0.43 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,659 | +184.96 | $2,474 |
| Gross Loans ($M) | ▲ | $2,067 | +53.14 | $2,014 |
| Loan Growth YoY (%) | ▼ | 90.88% | -4.43 | 95.32% |
| Total Deposits ($M) | ▲ | $2,261 | +166.01 | $2,095 |
| Shareholders Equity ($M) | ▲ | $272 | +16.04 | $256 |
| Tang. Book Value ($M) | ▲ | $260 | +16.04 | $244 |
| TBV excl. AOCI ($M)** | ▲ | $278 | +24.55 | $254 |
| Loan / Deposit Ratio (%) | ▼ | 90.88% | -4.43 | 95.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.23 | 0.55% |
| Allowance / Loans (%) | — | 0.62% | -0.26% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.26 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +0.65 | 11.15% |
Noninterest income ($14.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▄█▆▆▅▁ | Net Interest Margin (%) | 3.72% | 3.73% | 3.71% | 3.85% | 3.79% | 3.76% | 3.75% | 3.61% |
| ▄▃▁▄▂▁▃█ | Return on Assets (%) | 1.60% | 1.49% | 1.39% | 1.55% | 1.44% | 1.33% | 1.47% | 1.89% |
| ▆▇█▅▇██▁ | Efficiency Ratio (%) | 58.8% | 59.6% | 60.7% | 57.7% | 59.2% | 60.1% | 60.0% | 54.4% |
| ▇█▆▅▄▅▃▁ | Cost of Funds (%) | 2.30% | 2.48% | 2.28% | 2.15% | 2.10% | 2.17% | 1.96% | 1.72% |
| ▁▃▅▇█▃▂▁ | NPA / Assets (%) | 0.33% | 0.42% | 0.46% | 0.55% | 0.59% | 0.42% | 0.37% | 0.32% |
| ▁▃▅▇█▄▃▁ | Net Charge-Off Ratio (%) | 0.32% | 0.44% | 0.52% | 0.62% | 0.67% | 0.46% | 0.41% | 0.35% |
| ▁▃▄▄▆▅▆█ | Tang. Book Value ($M) | $228 | $239 | $241 | $244 | $249 | $247 | $250 | $260 |
| ▃▁▃▆█▄▄█ | Gross Loans ($M) | $1,954 | $1,905 | $1,951 | $2,014 | $2,061 | $1,980 | $1,970 | $2,067 |
| ▂▁▂▁▅▂▃█ | Total Deposits ($M) | $2,108 | $2,076 | $2,102 | $2,095 | $2,184 | $2,114 | $2,133 | $2,261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 35% |
| C&I / Commercial | 46% |
| Consumer | 8% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 20% |