Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.09% | -0.15 | 1.24% |
| Return on Equity (%) | ▼ | 12.08% | -1.89 | 13.97% |
| Net Interest Margin (%) | ▼ | 3.69% | -0.07 | 3.76% |
| Efficiency Ratio (%) | ▼ | 61.79% | +2.01 | 59.78% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.59 | $8 |
| Cost of Funds (%) | ▲ | 2.06% | -0.42 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,041 | +224.19 | $1,817 |
| Gross Loans ($M) | ▲ | $1,665 | +173.01 | $1,492 |
| Loan Growth YoY (%) | ▲ | 91.71% | +1.34 | 90.37% |
| Total Deposits ($M) | ▲ | $1,794 | +161.67 | $1,633 |
| Shareholders Equity ($M) | ▲ | $186 | +21.90 | $164 |
| Tang. Book Value ($M) | ▲ | $186 | +21.90 | $164 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +23.78 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 91.71% | +1.34 | 90.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.72% | -0.12 | 0.83% |
| Allowance / Loans (%) | — | 1.19% | 0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.73% | +0.07 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.61% | -0.02 | 10.64% |
Noninterest income ($4.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃████▆ | Net Interest Margin (%) | 3.48% | 3.51% | 3.56% | 3.76% | 3.76% | 3.76% | 3.76% | 3.69% |
| ▁▁▁█▅▅▅▂ | Return on Assets (%) | 1.06% | 1.07% | 1.06% | 1.24% | 1.16% | 1.17% | 1.17% | 1.09% |
| █▇▇▁▂▂▄▄ | Efficiency Ratio (%) | 64.6% | 64.0% | 63.9% | 59.8% | 60.9% | 60.9% | 61.7% | 61.8% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.92% | 2.99% | 2.70% | 2.48% | 2.48% | 2.46% | 2.22% | 2.06% |
| ▂▂▂█▂▁▁▇ | NPA / Assets (%) | 0.33% | 0.31% | 0.32% | 0.83% | 0.32% | 0.26% | 0.19% | 0.72% |
| ▁▁▁█▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.65% | 0.04% | 0.04% | 0.03% | 0.73% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $142 | $150 | $157 | $164 | $169 | $178 | $183 | $186 |
| ▁▂▃▄▄▅▇█ | Gross Loans ($M) | $1,357 | $1,412 | $1,455 | $1,492 | $1,496 | $1,534 | $1,604 | $1,665 |
| ▁▃▄▅▄▆██ | Total Deposits ($M) | $1,404 | $1,534 | $1,606 | $1,633 | $1,578 | $1,705 | $1,839 | $1,794 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 39% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 2% |