Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.06% | +0.45 | 1.61% |
| Return on Equity (%) | ▲ | 23.64% | +0.09 | 23.55% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.57 | 3.55% |
| Efficiency Ratio (%) | ▲ | 49.81% | -5.87 | 55.68% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.21 | $8 |
| Cost of Funds (%) | ▲ | 1.25% | -0.30 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,671 | +11.64 | $1,659 |
| Gross Loans ($M) | ▲ | $1,092 | +33.18 | $1,059 |
| Loan Growth YoY (%) | ▲ | 72.72% | +2.99 | 69.73% |
| Total Deposits ($M) | ▼ | $1,492 | -18.67 | $1,511 |
| Shareholders Equity ($M) | ▲ | $145 | +29.79 | $115 |
| Tang. Book Value ($M) | ▲ | $142 | +30.03 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +29.37 | $130 |
| Loan / Deposit Ratio (%) | ▲ | 72.72% | +2.99 | 69.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.04 | 0.05% |
| Allowance / Loans (%) | — | 0.65% | 0.12% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.73% | +1.43 | 13.30% |
Noninterest income ($3.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.97% | 3.03% | 3.13% | 3.55% | 3.71% | 3.80% | 3.88% | 4.12% |
| ▁▁▄▄▆▇██ | Return on Assets (%) | 1.23% | 1.27% | 1.55% | 1.61% | 1.80% | 1.87% | 2.04% | 2.06% |
| ██▅▅▃▂▁▁ | Efficiency Ratio (%) | 61.3% | 60.6% | 56.5% | 55.7% | 53.0% | 51.9% | 49.4% | 49.8% |
| ██▇▄▃▃▂▁ | Cost of Funds (%) | 1.84% | 1.88% | 1.74% | 1.55% | 1.48% | 1.42% | 1.34% | 1.25% |
| ▁▅▆▆█▁▂▁ | NPA / Assets (%) | 0.00% | 0.04% | 0.05% | 0.05% | 0.07% | 0.01% | 0.01% | 0.00% |
| ▁▁▄▃█▂▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.02% | 0.02% | 0.05% | 0.01% | 0.01% | 0.00% |
| ▁▂▂▃▅▇██ | Tang. Book Value ($M) | $94 | $104 | $105 | $112 | $121 | $132 | $142 | $142 |
| ▁▃▄▆█▇▇█ | Gross Loans ($M) | $996 | $1,028 | $1,038 | $1,059 | $1,083 | $1,073 | $1,071 | $1,092 |
| ▁▃▅█▆▆▄▆ | Total Deposits ($M) | $1,450 | $1,467 | $1,482 | $1,511 | $1,492 | $1,494 | $1,480 | $1,492 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |