Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.46 | 0.81% |
| Return on Equity (%) | ▲ | 15.56% | +4.01 | 11.55% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.48 | 3.11% |
| Efficiency Ratio (%) | ▲ | 62.40% | -7.05 | 69.45% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.87 | $6 |
| Cost of Funds (%) | ▲ | 1.57% | -0.41 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,298 | +39.73 | $2,259 |
| Gross Loans ($M) | ▲ | $1,574 | +116.29 | $1,458 |
| Loan Growth YoY (%) | ▲ | 82.18% | +5.51 | 76.67% |
| Total Deposits ($M) | ▲ | $1,890 | +12.79 | $1,878 |
| Shareholders Equity ($M) | ▲ | $188 | +27.47 | $161 |
| Tang. Book Value ($M) | ▲ | $179 | +27.47 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $201 | +24.52 | $177 |
| Loan / Deposit Ratio (%) | ▲ | 82.18% | +5.51 | 76.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.36 | 0.01% |
| Allowance / Loans (%) | — | 1.32% | 0.05% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.52 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.39% | +0.95 | 11.44% |
Noninterest income ($5.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▁▃▅▆█ | Net Interest Margin (%) | 3.19% | 3.18% | 3.16% | 3.11% | 3.25% | 3.36% | 3.44% | 3.59% |
| ▂▃▁▃▅▅▆█ | Return on Assets (%) | 0.78% | 0.81% | 0.65% | 0.81% | 0.99% | 1.02% | 1.06% | 1.28% |
| ██▇▆▃▂▂▁ | Efficiency Ratio (%) | 73.2% | 72.1% | 71.7% | 69.4% | 65.6% | 64.8% | 64.7% | 62.4% |
| ▇██▇▆▆▄▁ | Cost of Funds (%) | 2.01% | 2.07% | 2.09% | 1.98% | 1.94% | 1.91% | 1.83% | 1.57% |
| ▁▁▁▁██▇▇ | NPA / Assets (%) | 0.04% | 0.02% | 0.01% | 0.01% | 0.47% | 0.47% | 0.38% | 0.37% |
| ▁▁▁▁██▆▇ | Net Charge-Off Ratio (%) | 0.07% | 0.03% | 0.02% | 0.02% | 0.71% | 0.68% | 0.54% | 0.54% |
| ▁▃▂▃▅▆██ | Tang. Book Value ($M) | $136 | $149 | $144 | $152 | $158 | $167 | $176 | $179 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $1,319 | $1,369 | $1,401 | $1,458 | $1,521 | $1,565 | $1,580 | $1,574 |
| ▁▄▆███▇█ | Total Deposits ($M) | $1,597 | $1,733 | $1,825 | $1,878 | $1,903 | $1,903 | $1,836 | $1,890 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |