Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.56 | 0.88% |
| Return on Equity (%) | ▲ | 13.45% | +2.12 | 11.33% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.77 | 3.03% |
| Efficiency Ratio (%) | ▲ | 56.04% | -8.83 | 64.87% |
| Pre-Provision Profit ($M) | ▲ | $13 | +4.40 | $9 |
| Cost of Funds (%) | ▲ | 1.33% | -0.37 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,748 | -48.28 | $2,797 |
| Gross Loans ($M) | ▲ | $2,314 | +216.49 | $2,098 |
| Loan Growth YoY (%) | ▲ | 98.58% | +13.42 | 85.16% |
| Total Deposits ($M) | ▼ | $2,323 | -114.51 | $2,437 |
| Shareholders Equity ($M) | ▲ | $296 | +73.68 | $223 |
| Tang. Book Value ($M) | ▲ | $274 | +73.73 | $200 |
| TBV excl. AOCI ($M)** | ▲ | $288 | +61.10 | $227 |
| Loan / Deposit Ratio (%) | ▲ | 98.58% | +13.42 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.02 | 0.36% |
| Allowance / Loans (%) | — | 1.08% | 0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.14 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.83% | +1.72 | 12.11% |
Noninterest income ($5.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▆█ | Net Interest Margin (%) | 2.77% | 2.79% | 2.85% | 3.03% | 3.09% | 3.28% | 3.42% | 3.80% |
| ▅▅▅▅▁▃▄█ | Return on Assets (%) | 0.88% | 0.86% | 0.86% | 0.88% | -0.01% | 0.40% | 0.60% | 1.44% |
| ███▆▅▄▄▁ | Efficiency Ratio (%) | 69.4% | 68.9% | 68.7% | 64.9% | 64.1% | 62.4% | 61.2% | 56.0% |
| ██▆▅▅▃▁▁ | Cost of Funds (%) | 1.98% | 2.01% | 1.84% | 1.70% | 1.69% | 1.53% | 1.40% | 1.33% |
| ▃█▄▆▁▁▁▄ | NPA / Assets (%) | 0.32% | 0.40% | 0.34% | 0.36% | 0.29% | 0.29% | 0.29% | 0.34% |
| ▄█▅▆▃▁▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.53% | 0.43% | 0.47% | 0.38% | 0.35% | 0.35% | 0.33% |
| ▁▂▂▃▆▇██ | Tang. Book Value ($M) | $172 | $193 | $187 | $200 | $244 | $255 | $265 | $274 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $2,012 | $2,029 | $2,071 | $2,098 | $2,135 | $2,205 | $2,272 | $2,314 |
| ▆█▅▇█▄▁▂ | Total Deposits ($M) | $2,422 | $2,457 | $2,401 | $2,437 | $2,480 | $2,369 | $2,280 | $2,323 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 13% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |