Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.17 | 0.59% |
| Return on Equity (%) | ▲ | 7.06% | +1.19 | 5.87% |
| Net Interest Margin (%) | ▲ | 2.86% | +0.22 | 2.64% |
| Efficiency Ratio (%) | ▲ | 77.74% | -4.48 | 82.22% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.22 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.02 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,763 | +119.61 | $1,644 |
| Gross Loans ($M) | ▲ | $1,008 | +24.14 | $984 |
| Loan Growth YoY (%) | ▼ | 64.38% | -2.71 | 67.09% |
| Total Deposits ($M) | ▲ | $1,535 | +98.07 | $1,437 |
| Shareholders Equity ($M) | ▲ | $194 | +21.38 | $173 |
| Tang. Book Value ($M) | ▲ | $173 | +21.97 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $188 | +17.38 | $170 |
| Loan / Deposit Ratio (%) | ▼ | 64.38% | -2.71 | 67.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.03 | 0.28% |
| Allowance / Loans (%) | — | 1.98% | -0.05% | 2.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.02 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.67% | +1.11 | 15.56% |
Noninterest income ($8.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▆▇██ | Net Interest Margin (%) | 2.60% | 2.58% | 2.58% | 2.64% | 2.76% | 2.81% | 2.84% | 2.86% |
| ▄▅▄▁▄▇█▅ | Return on Assets (%) | 0.73% | 0.77% | 0.74% | 0.59% | 0.74% | 0.85% | 0.90% | 0.76% |
| ▂▂▂█▅▂▁▅ | Efficiency Ratio (%) | 75.0% | 74.3% | 75.4% | 82.2% | 77.7% | 74.7% | 73.2% | 77.7% |
| ██▄▂▄▆▅▁ | Cost of Funds (%) | 1.21% | 1.22% | 1.15% | 1.12% | 1.15% | 1.18% | 1.17% | 1.10% |
| ▁█▄▆▆█▄▅ | NPA / Assets (%) | 0.16% | 0.33% | 0.25% | 0.28% | 0.29% | 0.35% | 0.24% | 0.26% |
| ▁▇▅▅▅█▄▅ | Net Charge-Off Ratio (%) | 0.25% | 0.53% | 0.42% | 0.46% | 0.44% | 0.58% | 0.40% | 0.44% |
| ▁▃▃▄▅▆██ | Tang. Book Value ($M) | $132 | $142 | $144 | $151 | $155 | $162 | $169 | $173 |
| ▁▃▅▃▇███ | Gross Loans ($M) | $970 | $982 | $995 | $984 | $1,003 | $1,009 | $1,012 | $1,008 |
| ▁▃▇▃▁▆█▇ | Total Deposits ($M) | $1,388 | $1,429 | $1,520 | $1,437 | $1,378 | $1,502 | $1,562 | $1,535 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |