Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.04 | 1.15% |
| Return on Equity (%) | ▼ | 10.03% | -1.44 | 11.47% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.21 | 3.85% |
| Efficiency Ratio (%) | ▲ | 59.23% | -1.46 | 60.69% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.81 | $4 |
| Cost of Funds (%) | ▲ | 2.36% | -0.26 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,072 | +83.60 | $988 |
| Gross Loans ($M) | ▲ | $751 | +58.03 | $693 |
| Loan Growth YoY (%) | ▲ | 81.49% | +1.56 | 79.93% |
| Total Deposits ($M) | ▲ | $911 | +53.06 | $858 |
| Shareholders Equity ($M) | ▲ | $118 | +18.62 | $99 |
| Tang. Book Value ($M) | ▲ | $115 | +18.74 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $127 | +20.20 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 81.49% | +1.56 | 79.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.66% | +0.32 | 1.34% |
| Allowance / Loans (%) | — | 1.11% | 0.11% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 2.29% | +0.39 | 1.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.12% | +0.17 | 13.96% |
Noninterest income ($1.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▆██ | Net Interest Margin (%) | 3.80% | 3.80% | 3.83% | 3.85% | 3.91% | 3.98% | 4.04% | 4.06% |
| ▆██▄▅█▃▁ | Return on Assets (%) | 1.17% | 1.20% | 1.20% | 1.15% | 1.16% | 1.20% | 1.13% | 1.11% |
| █▅▄▇▆▁▁▂ | Efficiency Ratio (%) | 61.3% | 60.1% | 59.7% | 60.7% | 60.5% | 58.9% | 58.6% | 59.2% |
| ▆█▇▅▆▇▄▁ | Cost of Funds (%) | 2.67% | 2.80% | 2.71% | 2.62% | 2.66% | 2.70% | 2.56% | 2.36% |
| ▁▁▃▇▅▅▅█ | NPA / Assets (%) | 0.05% | 0.06% | 0.58% | 1.34% | 0.93% | 1.02% | 1.06% | 1.66% |
| ▁▁▃▇▅▅▅█ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.82% | 1.89% | 1.34% | 1.34% | 1.39% | 2.29% |
| ▁▂▂▃▃▅██ | Tang. Book Value ($M) | $89 | $94 | $93 | $96 | $96 | $103 | $115 | $115 |
| ▁▁▂▄▄▆██ | Gross Loans ($M) | $650 | $660 | $665 | $693 | $700 | $719 | $744 | $751 |
| ▁▃▄▆▇▇██ | Total Deposits ($M) | $759 | $799 | $833 | $858 | $878 | $881 | $896 | $911 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 21% |