Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.46% | -0.10 | 0.55% |
| Return on Equity (%) | ▼ | 4.81% | -1.37 | 6.18% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.41 | 3.56% |
| Efficiency Ratio (%) | ▲ | 63.76% | -1.90 | 65.66% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.71 | $10 |
| Cost of Funds (%) | ▲ | 2.56% | -0.34 | 2.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,575 | +50.11 | $2,525 |
| Gross Loans ($M) | ▲ | $2,221 | +120.81 | $2,100 |
| Loan Growth YoY (%) | ▲ | 101.18% | +3.66 | 97.52% |
| Total Deposits ($M) | ▲ | $2,174 | +41.90 | $2,132 |
| Shareholders Equity ($M) | ▲ | $245 | +23.85 | $221 |
| Tang. Book Value ($M) | ▲ | $241 | +25.05 | $216 |
| TBV excl. AOCI ($M)** | ▲ | $253 | +25.58 | $227 |
| Loan / Deposit Ratio (%) | ▲ | 101.18% | +3.66 | 97.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.42% | +0.34 | 2.07% |
| Allowance / Loans (%) | — | 0.96% | -0.03% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 2.64% | +0.16 | 2.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 3.22% | 3.29% | 3.36% | 3.56% | 3.66% | 3.79% | 3.86% | 3.97% |
| ▃▄▅▂▅▇█▁ | Return on Assets (%) | 0.66% | 0.75% | 0.82% | 0.55% | 0.82% | 0.96% | 1.05% | 0.46% |
| ██▆▄▂▁▁▂ | Efficiency Ratio (%) | 70.2% | 69.4% | 67.7% | 65.7% | 64.0% | 63.2% | 62.6% | 63.8% |
| ██▇▃▄▄▃▁ | Cost of Funds (%) | 3.55% | 3.57% | 3.35% | 2.90% | 3.02% | 2.97% | 2.83% | 2.56% |
| ▁▄▃▅▄▆▇█ | NPA / Assets (%) | 1.68% | 1.97% | 1.90% | 2.07% | 2.04% | 2.23% | 2.29% | 2.42% |
| ▁▄▄▇▆▇▇█ | Net Charge-Off Ratio (%) | 1.84% | 2.20% | 2.19% | 2.49% | 2.35% | 2.53% | 2.50% | 2.64% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $200 | $206 | $214 | $216 | $224 | $232 | $240 | $241 |
| ▁▁▁▃▅▇██ | Gross Loans ($M) | $2,043 | $2,055 | $2,063 | $2,100 | $2,152 | $2,191 | $2,204 | $2,221 |
| ▁▂▃▇▇▇██ | Total Deposits ($M) | $1,918 | $1,979 | $2,008 | $2,132 | $2,115 | $2,136 | $2,163 | $2,174 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 21% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 24% |