Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.22 | 1.21% |
| Return on Equity (%) | ▲ | 14.70% | +2.03 | 12.67% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.11 | 3.24% |
| Efficiency Ratio (%) | ▲ | 48.93% | -0.17 | 49.11% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.50 | $6 |
| Cost of Funds (%) | ▲ | 1.86% | -0.22 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,472 | +38.39 | $1,433 |
| Gross Loans ($M) | ▲ | $914 | +28.03 | $886 |
| Loan Growth YoY (%) | ▲ | 75.20% | +4.71 | 70.50% |
| Total Deposits ($M) | ▼ | $1,201 | -42.15 | $1,243 |
| Shareholders Equity ($M) | ▲ | $145 | +7.05 | $138 |
| Tang. Book Value ($M) | ▲ | $135 | +6.45 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +7.82 | $149 |
| Loan / Deposit Ratio (%) | ▲ | 75.20% | +4.71 | 70.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.49 | 0.13% |
| Allowance / Loans (%) | — | 1.18% | 0.10% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.98% | +0.78 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.77% | -0.36 | 15.13% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 3.15% | 3.15% | 3.13% | 3.24% | 3.27% | 3.29% | 3.30% | 3.35% |
| ▆▂▃▁▄▅██ | Return on Assets (%) | 1.37% | 1.25% | 1.27% | 1.21% | 1.30% | 1.34% | 1.44% | 1.43% |
| ▁█▂▄▃▄▂▄ | Efficiency Ratio (%) | 48.1% | 50.3% | 48.6% | 49.1% | 48.9% | 49.1% | 48.6% | 48.9% |
| ▅██▄▄▂▁▁ | Cost of Funds (%) | 2.12% | 2.33% | 2.37% | 2.08% | 2.10% | 1.98% | 1.90% | 1.86% |
| ▃▂▁▁▁▄▅█ | NPA / Assets (%) | 0.28% | 0.24% | 0.17% | 0.13% | 0.12% | 0.31% | 0.43% | 0.62% |
| ▂▁▁▁▁▄▆█ | Net Charge-Off Ratio (%) | 0.33% | 0.29% | 0.28% | 0.20% | 0.20% | 0.51% | 0.69% | 0.98% |
| ▁▃▄▅██▇▇ | Tang. Book Value ($M) | $114 | $121 | $124 | $129 | $136 | $139 | $134 | $135 |
| ▁▅▃▄▂▁▅█ | Gross Loans ($M) | $864 | $890 | $880 | $886 | $871 | $863 | $895 | $914 |
| ▁▂██▁▂▆▅ | Total Deposits ($M) | $1,143 | $1,166 | $1,252 | $1,243 | $1,156 | $1,167 | $1,219 | $1,201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 22% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 26% |