Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.08 | 1.46% |
| Return on Equity (%) | ▼ | 10.98% | -0.24 | 11.22% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.02 | 4.45% |
| Efficiency Ratio (%) | ▲ | 67.82% | -1.72 | 69.54% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.99 | $5 |
| Cost of Funds (%) | ▲ | 3.04% | -0.53 | 3.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,047 | +145.94 | $901 |
| Gross Loans ($M) | ▲ | $879 | +116.90 | $763 |
| Loan Growth YoY (%) | ▼ | 96.10% | -3.65 | 99.75% |
| Total Deposits ($M) | ▲ | $902 | +146.80 | $755 |
| Shareholders Equity ($M) | ▲ | $129 | +14.33 | $114 |
| Tang. Book Value ($M) | ▲ | $107 | +14.48 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +14.49 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 96.10% | -3.65 | 99.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.56% | +1.31 | 2.26% |
| Allowance / Loans (%) | — | 1.43% | 0.23% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 3.69% | +1.02 | 2.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.58% | +0.34 | 16.23% |
Noninterest income ($7.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▃▁▃▅█▁ | Net Interest Margin (%) | 4.52% | 4.52% | 4.54% | 4.45% | 4.55% | 4.59% | 4.71% | 4.47% |
| ▂▆▁▆▃▅█▄ | Return on Assets (%) | 1.28% | 1.44% | 1.24% | 1.46% | 1.31% | 1.39% | 1.53% | 1.37% |
| █▆▆█▅▁▁▅ | Efficiency Ratio (%) | 69.1% | 68.2% | 68.3% | 69.5% | 67.8% | 65.4% | 65.4% | 67.8% |
| ██▇▅▃▄▄▁ | Cost of Funds (%) | 3.89% | 3.86% | 3.70% | 3.57% | 3.34% | 3.44% | 3.46% | 3.04% |
| ▁▂▂▄▇▇██ | NPA / Assets (%) | 1.39% | 1.73% | 1.87% | 2.26% | 3.14% | 3.26% | 3.33% | 3.56% |
| ▁▂▂▄███▇ | Net Charge-Off Ratio (%) | 1.71% | 2.20% | 2.22% | 2.67% | 3.81% | 4.08% | 3.90% | 3.69% |
| ▁▂▂▂▃▅▇█ | Tang. Book Value ($M) | $89 | $93 | $92 | $93 | $95 | $99 | $104 | $107 |
| ▁▂▃▅▆▆▇█ | Gross Loans ($M) | $624 | $659 | $716 | $763 | $812 | $815 | $836 | $879 |
| ▁▂▃▄▇█▆█ | Total Deposits ($M) | $624 | $691 | $716 | $755 | $857 | $917 | $840 | $902 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 37% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 17% |