Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.07 | 1.03% |
| Return on Equity (%) | ▼ | 8.30% | -2.03 | 10.33% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.34 | 3.47% |
| Efficiency Ratio (%) | ▼ | 72.58% | +6.02 | 66.56% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.31 | $4 |
| Cost of Funds (%) | ▲ | 0.87% | -0.25 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,387 | +20.91 | $1,366 |
| Gross Loans ($M) | ▲ | $853 | +16.35 | $837 |
| Loan Growth YoY (%) | ▲ | 68.88% | +1.17 | 67.71% |
| Total Deposits ($M) | ▲ | $1,218 | +3.38 | $1,215 |
| Shareholders Equity ($M) | ▲ | $158 | +17.97 | $140 |
| Tang. Book Value ($M) | ▲ | $158 | +17.97 | $140 |
| TBV excl. AOCI ($M)** | ▲ | $176 | +16.45 | $159 |
| Loan / Deposit Ratio (%) | ▲ | 68.88% | +1.17 | 67.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.08 | 0.82% |
| Allowance / Loans (%) | — | 1.61% | -0.06% | 1.67% |
| Net Charge-Off Ratio (%) | ▲ | 1.21% | -0.13 | 1.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.82% | +1.10 | 23.72% |
Noninterest income ($2.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇██ | Net Interest Margin (%) | 3.00% | 3.06% | 3.12% | 3.47% | 3.58% | 3.70% | 3.74% | 3.80% |
| ▁▁▂▆▇██▄ | Return on Assets (%) | 0.78% | 0.79% | 0.84% | 1.03% | 1.08% | 1.13% | 1.15% | 0.96% |
| ██▆▂▁▁▁█ | Efficiency Ratio (%) | 71.8% | 71.9% | 70.6% | 66.6% | 65.9% | 65.4% | 65.2% | 72.6% |
| ██▆▄▃▃▁▁ | Cost of Funds (%) | 1.43% | 1.40% | 1.24% | 1.13% | 1.06% | 1.03% | 0.94% | 0.87% |
| ▃▆▅█▇▁▃▇ | NPA / Assets (%) | 0.56% | 0.72% | 0.64% | 0.82% | 0.77% | 0.44% | 0.56% | 0.74% |
| ▃▆▅█▇▁▃▇ | Net Charge-Off Ratio (%) | 0.90% | 1.14% | 1.05% | 1.33% | 1.21% | 0.69% | 0.89% | 1.21% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $129 | $141 | $134 | $140 | $146 | $153 | $160 | $158 |
| ▁▃▁▂▆█▇█ | Gross Loans ($M) | $836 | $840 | $834 | $837 | $846 | $852 | $848 | $853 |
| ▃▂█▇▃▁▅▇ | Total Deposits ($M) | $1,184 | $1,174 | $1,227 | $1,215 | $1,185 | $1,161 | $1,195 | $1,218 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 6% |