Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.41% | -0.08 | 0.49% |
| Return on Equity (%) | ▼ | 4.68% | -1.07 | 5.75% |
| Net Interest Margin (%) | ▼ | 2.72% | -0.07 | 2.79% |
| Efficiency Ratio (%) | ▼ | 70.81% | +3.97 | 66.84% |
| Pre-Provision Profit ($M) | ▼ | $9 | -1.04 | $10 |
| Cost of Funds (%) | ▲ | 2.06% | -0.16 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,626 | +316.87 | $4,309 |
| Gross Loans ($M) | ▲ | $3,556 | +147.25 | $3,409 |
| Loan Growth YoY (%) | ▲ | 101.94% | +4.29 | 97.65% |
| Total Deposits ($M) | ▼ | $3,469 | -4.44 | $3,473 |
| Shareholders Equity ($M) | ▲ | $403 | +26.52 | $377 |
| Tang. Book Value ($M) | ▲ | $394 | +30.30 | $363 |
| TBV excl. AOCI ($M)** | ▲ | $428 | +37.38 | $391 |
| Loan / Deposit Ratio (%) | ▲ | 101.94% | +4.29 | 97.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.36 | 0.17% |
| Allowance / Loans (%) | — | 0.56% | 0.05% | 0.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.47 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.04% | +0.38 | 11.66% |
Noninterest income ($4.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇██▆▅ | Net Interest Margin (%) | 2.61% | 2.58% | 2.61% | 2.79% | 2.83% | 2.84% | 2.77% | 2.72% |
| ▅▆▆▄██▆▁ | Return on Assets (%) | 0.51% | 0.55% | 0.53% | 0.49% | 0.60% | 0.59% | 0.55% | 0.41% |
| ▂▁▁▄▂▃▇█ | Efficiency Ratio (%) | 64.8% | 63.2% | 63.4% | 66.8% | 64.7% | 66.0% | 69.3% | 70.8% |
| ▅█▆▃▃▃▃▁ | Cost of Funds (%) | 2.38% | 2.59% | 2.42% | 2.22% | 2.21% | 2.25% | 2.21% | 2.06% |
| ▃▂▂▁▃█▇▇ | NPA / Assets (%) | 0.30% | 0.25% | 0.27% | 0.17% | 0.29% | 0.62% | 0.52% | 0.53% |
| ▃▁▂▁▃█▇▇ | Net Charge-Off Ratio (%) | 0.35% | 0.21% | 0.30% | 0.17% | 0.33% | 0.74% | 0.63% | 0.64% |
| ▁▂▂▄▆▇██ | Tang. Book Value ($M) | $336 | $348 | $350 | $363 | $372 | $382 | $389 | $394 |
| ▁▁▂▃▃▅▇█ | Gross Loans ($M) | $3,351 | $3,361 | $3,394 | $3,409 | $3,416 | $3,459 | $3,510 | $3,556 |
| ██▁▃▃▅▇▃ | Total Deposits ($M) | $3,626 | $3,655 | $3,364 | $3,473 | $3,446 | $3,521 | $3,614 | $3,469 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 10% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |