Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.21 | 0.94% |
| Return on Equity (%) | ▲ | 12.14% | +0.98 | 11.16% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.29 | 3.00% |
| Efficiency Ratio (%) | ▲ | 55.92% | -5.17 | 61.09% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.42 | $9 |
| Cost of Funds (%) | ▲ | 2.60% | -0.18 | 2.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,699 | +186.56 | $2,513 |
| Gross Loans ($M) | ▲ | $2,244 | +195.32 | $2,048 |
| Loan Growth YoY (%) | ▲ | 95.16% | +2.83 | 92.33% |
| Total Deposits ($M) | ▲ | $2,328 | +136.93 | $2,191 |
| Shareholders Equity ($M) | ▲ | $258 | +49.12 | $209 |
| Tang. Book Value ($M) | ▲ | $248 | +50.13 | $198 |
| TBV excl. AOCI ($M)** | ▲ | $258 | +51.46 | $207 |
| Loan / Deposit Ratio (%) | ▲ | 95.16% | +2.83 | 92.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.82% | +0.73 | 1.09% |
| Allowance / Loans (%) | — | 1.27% | 0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 2.19% | +0.91 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.93% | +0.94 | 10.99% |
Noninterest income ($4.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▁▅▆▇█ | Net Interest Margin (%) | 3.07% | 3.04% | 3.04% | 3.00% | 3.15% | 3.20% | 3.25% | 3.29% |
| ▂▂▁▁▂▃▅█ | Return on Assets (%) | 0.99% | 0.98% | 0.95% | 0.94% | 0.99% | 1.02% | 1.05% | 1.16% |
| ▆▇▇█▆▃▃▁ | Efficiency Ratio (%) | 59.7% | 59.9% | 59.9% | 61.1% | 59.5% | 57.9% | 57.7% | 55.9% |
| ██▇▃▃▃▂▁ | Cost of Funds (%) | 3.17% | 3.15% | 3.06% | 2.78% | 2.80% | 2.78% | 2.74% | 2.60% |
| ▁▂▄▄▃▅▆█ | NPA / Assets (%) | 0.47% | 0.73% | 1.13% | 1.09% | 0.94% | 1.18% | 1.32% | 1.82% |
| ▁▂▄▄▃▅▆█ | Net Charge-Off Ratio (%) | 0.50% | 0.84% | 1.30% | 1.27% | 1.09% | 1.39% | 1.59% | 2.19% |
| ▁▁▁▂▃▄██ | Tang. Book Value ($M) | $185 | $191 | $192 | $198 | $201 | $209 | $242 | $248 |
| ▁▂▂▄▅▇██ | Gross Loans ($M) | $1,877 | $1,939 | $1,961 | $2,048 | $2,092 | $2,158 | $2,205 | $2,244 |
| ▁▃▂▆▇▇██ | Total Deposits ($M) | $1,941 | $2,066 | $2,029 | $2,191 | $2,257 | $2,276 | $2,282 | $2,328 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 31% |
| Brokered / Other | 46% |