Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.58% | +0.15 | 0.43% |
| Return on Equity (%) | ▲ | 6.23% | +1.90 | 4.33% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.15 | 2.87% |
| Efficiency Ratio (%) | ▲ | 77.01% | -5.00 | 82.00% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.09 | $2 |
| Cost of Funds (%) | ▼ | 1.83% | +0.21 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,493 | +197.93 | $1,295 |
| Gross Loans ($M) | ▲ | $1,212 | +204.31 | $1,007 |
| Loan Growth YoY (%) | ▲ | 97.03% | +8.24 | 88.78% |
| Total Deposits ($M) | ▲ | $1,239 | +113.58 | $1,126 |
| Shareholders Equity ($M) | ▲ | $138 | +11.63 | $126 |
| Tang. Book Value ($M) | ▲ | $137 | +11.72 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +11.57 | $135 |
| Loan / Deposit Ratio (%) | ▲ | 97.03% | +8.24 | 88.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.04 | 0.28% |
| Allowance / Loans (%) | — | 0.78% | -0.03% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.03 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.94% | -1.90 | 17.84% |
Noninterest income ($2.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.65% | 2.68% | 2.72% | 2.87% | 2.92% | 2.93% | 2.95% | 3.02% |
| ▁▂▁▅▇▇▇█ | Return on Assets (%) | 0.27% | 0.31% | 0.29% | 0.43% | 0.52% | 0.52% | 0.51% | 0.58% |
| ███▄▁▁▁▁ | Efficiency Ratio (%) | 90.2% | 89.2% | 88.7% | 82.0% | 78.4% | 77.9% | 78.1% | 77.0% |
| ▄▆▂▁▃▆██ | Cost of Funds (%) | 1.71% | 1.76% | 1.67% | 1.62% | 1.68% | 1.76% | 1.84% | 1.83% |
| ▁▅▅▄▃▅▆█ | NPA / Assets (%) | 0.25% | 0.29% | 0.29% | 0.28% | 0.26% | 0.28% | 0.30% | 0.31% |
| ▁▅▅▅▂▆▆█ | Net Charge-Off Ratio (%) | 0.31% | 0.36% | 0.36% | 0.35% | 0.33% | 0.36% | 0.37% | 0.39% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $119 | $125 | $122 | $125 | $127 | $133 | $137 | $137 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $921 | $957 | $988 | $1,007 | $1,058 | $1,125 | $1,187 | $1,212 |
| ▁▁▁▄▅▆▅█ | Total Deposits ($M) | $1,039 | $1,024 | $1,029 | $1,126 | $1,145 | $1,174 | $1,137 | $1,239 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 24% |