Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.09% | -0.02 | 1.12% |
| Return on Equity (%) | ▼ | 10.98% | -1.62 | 12.60% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.16 | 3.62% |
| Efficiency Ratio (%) | ▼ | 69.82% | +0.26 | 69.55% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.27 | $6 |
| Cost of Funds (%) | ▲ | 1.28% | -0.09 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,734 | +41.31 | $1,692 |
| Gross Loans ($M) | ▲ | $1,245 | +92.29 | $1,153 |
| Loan Growth YoY (%) | ▲ | 80.06% | +4.84 | 75.22% |
| Total Deposits ($M) | ▲ | $1,542 | +22.96 | $1,519 |
| Shareholders Equity ($M) | ▲ | $171 | +19.43 | $152 |
| Tang. Book Value ($M) | ▲ | $171 | +19.43 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +19.22 | $171 |
| Loan / Deposit Ratio (%) | ▲ | 80.06% | +4.84 | 75.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.02 | 0.30% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.04 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.62% | +0.17 | 14.45% |
Noninterest income ($6.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆██ | Net Interest Margin (%) | 3.53% | 3.54% | 3.57% | 3.62% | 3.68% | 3.72% | 3.76% | 3.78% |
| ▄▂▁▂▇▂█▁ | Return on Assets (%) | 1.16% | 1.12% | 1.07% | 1.12% | 1.21% | 1.12% | 1.24% | 1.09% |
| ▆▆█▂▂▅▁▃ | Efficiency Ratio (%) | 71.8% | 71.5% | 73.0% | 69.6% | 69.5% | 71.2% | 68.7% | 69.8% |
| ▇█▇▃▃▃▃▁ | Cost of Funds (%) | 1.54% | 1.60% | 1.53% | 1.37% | 1.39% | 1.39% | 1.40% | 1.28% |
| ▂▁▇█▆█▂▆ | NPA / Assets (%) | 0.25% | 0.24% | 0.29% | 0.30% | 0.28% | 0.29% | 0.25% | 0.28% |
| ▃▁▅█▇█▁▄ | Net Charge-Off Ratio (%) | 0.37% | 0.35% | 0.39% | 0.43% | 0.42% | 0.43% | 0.35% | 0.39% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $138 | $150 | $144 | $152 | $157 | $163 | $170 | $171 |
| ▁▁▂▃▃▅▆█ | Gross Loans ($M) | $1,112 | $1,125 | $1,140 | $1,153 | $1,160 | $1,185 | $1,206 | $1,245 |
| ▁▁▁▅▄█▄▇ | Total Deposits ($M) | $1,478 | $1,482 | $1,486 | $1,519 | $1,515 | $1,554 | $1,511 | $1,542 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 9% |