Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.15 | 1.02% |
| Return on Equity (%) | ▲ | 8.59% | +1.38 | 7.21% |
| Net Interest Margin (%) | ▼ | 3.08% | -0.32 | 3.39% |
| Efficiency Ratio (%) | ▲ | 53.82% | -5.30 | 59.12% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.61 | $7 |
| Cost of Funds (%) | ▲ | 2.68% | -0.11 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,991 | +176.83 | $1,814 |
| Gross Loans ($M) | ▲ | $1,467 | +16.14 | $1,451 |
| Loan Growth YoY (%) | ▼ | 85.96% | -11.19 | 97.15% |
| Total Deposits ($M) | ▲ | $1,687 | +208.77 | $1,478 |
| Shareholders Equity ($M) | ▲ | $273 | +15.09 | $258 |
| Tang. Book Value ($M) | ▲ | $264 | +15.16 | $249 |
| TBV excl. AOCI ($M)** | ▲ | $267 | +15.32 | $252 |
| Loan / Deposit Ratio (%) | ▼ | 85.96% | -11.19 | 97.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.52% | +0.24 | 1.28% |
| Allowance / Loans (%) | — | 1.15% | 0.13% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 1.68% | +0.30 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.22% | +0.18 | 19.05% |
Noninterest income ($3.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▄▁ | Net Interest Margin (%) | 3.81% | 3.76% | 3.72% | 3.39% | 3.42% | 3.41% | 3.38% | 3.08% |
| ███▁▁▁▁▄ | Return on Assets (%) | 1.35% | 1.34% | 1.33% | 1.02% | 1.01% | 1.00% | 0.98% | 1.16% |
| ▁▁▁▇▇██▁ | Efficiency Ratio (%) | 54.0% | 54.4% | 54.4% | 59.1% | 58.9% | 59.4% | 60.0% | 53.8% |
| █▇▇▅▃▁▅▃ | Cost of Funds (%) | 3.00% | 2.92% | 2.89% | 2.79% | 2.72% | 2.57% | 2.83% | 2.68% |
| ▁▃▇▆█▇▇█ | NPA / Assets (%) | 0.48% | 0.85% | 1.32% | 1.28% | 1.56% | 1.31% | 1.39% | 1.52% |
| ▁▄█▆██▇█ | Net Charge-Off Ratio (%) | 0.55% | 1.03% | 1.63% | 1.38% | 1.74% | 1.76% | 1.53% | 1.68% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $234 | $240 | $245 | $249 | $252 | $256 | $260 | $264 |
| ▃▁▃▆█▅██ | Gross Loans ($M) | $1,438 | $1,421 | $1,438 | $1,451 | $1,462 | $1,448 | $1,463 | $1,467 |
| ▁▃▄▃▅███ | Total Deposits ($M) | $1,341 | $1,449 | $1,481 | $1,478 | $1,525 | $1,667 | $1,708 | $1,687 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 33% |