Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.38 | 0.74% |
| Return on Equity (%) | ▲ | 12.51% | +3.01 | 9.50% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.55 | 2.43% |
| Efficiency Ratio (%) | ▲ | 59.79% | -5.92 | 65.71% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.79 | $4 |
| Cost of Funds (%) | ▲ | 1.38% | -0.35 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,826 | -6.07 | $1,832 |
| Gross Loans ($M) | ▼ | $996 | -8.20 | $1,004 |
| Loan Growth YoY (%) | ▲ | 59.74% | +0.38 | 59.36% |
| Total Deposits ($M) | ▼ | $1,651 | -23.08 | $1,674 |
| Shareholders Equity ($M) | ▲ | $165 | +17.03 | $148 |
| Tang. Book Value ($M) | ▲ | $152 | +17.39 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +20.48 | $165 |
| Loan / Deposit Ratio (%) | ▲ | 59.74% | +0.38 | 59.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.10 | 0.13% |
| Allowance / Loans (%) | — | 0.98% | -0.07% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.18 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.61% | +0.99 | 15.62% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.13% | 2.19% | 2.25% | 2.43% | 2.53% | 2.62% | 2.72% | 2.99% |
| ▁▁▂▃▂▄▆█ | Return on Assets (%) | 0.54% | 0.59% | 0.63% | 0.74% | 0.67% | 0.80% | 0.93% | 1.12% |
| ▇▇▇▅█▅▃▁ | Efficiency Ratio (%) | 69.1% | 69.2% | 68.8% | 65.7% | 70.7% | 66.2% | 63.4% | 59.8% |
| ▆█▆▅▄▃▂▁ | Cost of Funds (%) | 1.86% | 2.07% | 1.84% | 1.73% | 1.67% | 1.63% | 1.52% | 1.38% |
| █▇█▇▆▇▂▁ | NPA / Assets (%) | 0.15% | 0.13% | 0.15% | 0.13% | 0.12% | 0.13% | 0.06% | 0.03% |
| █▇█▇▆▇▂▁ | Net Charge-Off Ratio (%) | 0.28% | 0.23% | 0.28% | 0.23% | 0.21% | 0.23% | 0.11% | 0.06% |
| ▃█▁▄▅███ | Tang. Book Value ($M) | $131 | $150 | $124 | $135 | $142 | $152 | $150 | $152 |
| ▁▄▁▅▇█▄▃ | Gross Loans ($M) | $989 | $1,002 | $989 | $1,004 | $1,012 | $1,017 | $999 | $996 |
| ▇▃▇█▆▁▆▇ | Total Deposits ($M) | $1,649 | $1,605 | $1,661 | $1,674 | $1,639 | $1,573 | $1,647 | $1,651 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |