Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.23 | 1.53% |
| Return on Equity (%) | ▲ | 17.03% | +2.17 | 14.86% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.20 | 3.44% |
| Efficiency Ratio (%) | ▲ | 56.78% | -3.19 | 59.97% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.77 | $9 |
| Cost of Funds (%) | ▲ | 1.21% | -0.12 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,364 | +90.51 | $2,274 |
| Gross Loans ($M) | ▲ | $1,305 | +84.30 | $1,221 |
| Loan Growth YoY (%) | ▲ | 60.63% | +1.60 | 59.03% |
| Total Deposits ($M) | ▲ | $2,110 | +81.69 | $2,029 |
| Shareholders Equity ($M) | ▲ | $244 | +11.68 | $232 |
| Tang. Book Value ($M) | ▲ | $244 | +11.68 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $277 | +13.93 | $263 |
| Loan / Deposit Ratio (%) | ▲ | 60.63% | +1.60 | 59.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.97% | 0.05% | 1.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▄▅▆▇ | Net Interest Margin (%) | 3.70% | 3.68% | 3.66% | 3.44% | 3.55% | 3.60% | 3.61% | 3.64% |
| █▆▆▁▅▆██ | Return on Assets (%) | 1.75% | 1.69% | 1.68% | 1.53% | 1.66% | 1.70% | 1.74% | 1.76% |
| ▃▆▆█▄▄▁▁ | Efficiency Ratio (%) | 57.9% | 59.0% | 59.1% | 60.0% | 58.3% | 58.0% | 56.9% | 56.8% |
| ▁▄▄▆▇█▄▁ | Cost of Funds (%) | 1.23% | 1.30% | 1.31% | 1.34% | 1.36% | 1.40% | 1.29% | 1.21% |
| ▁▁▁▆█▂▆▃ | NPA / Assets (%) | 0.02% | 0.02% | 0.01% | 0.04% | 0.05% | 0.02% | 0.04% | 0.02% |
| ▂▁▁▆█▂▆▃ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.02% | 0.07% | 0.09% | 0.04% | 0.07% | 0.04% |
| ▂▄▁▃▆█▇█ | Tang. Book Value ($M) | $229 | $234 | $227 | $232 | $238 | $243 | $240 | $244 |
| ▁▁▃▃▅▅▇█ | Gross Loans ($M) | $1,187 | $1,196 | $1,219 | $1,221 | $1,254 | $1,257 | $1,276 | $1,305 |
| ▂▁▃▆▅▄▇█ | Total Deposits ($M) | $1,917 | $1,882 | $1,949 | $2,029 | $2,017 | $1,986 | $2,071 | $2,110 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 3% |