Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.11 | 0.97% |
| Return on Equity (%) | ▲ | 6.86% | +0.59 | 6.27% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.30 | 3.53% |
| Efficiency Ratio (%) | ▲ | 68.30% | -3.91 | 72.20% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.71 | $4 |
| Cost of Funds (%) | ▲ | 1.68% | -0.21 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,068 | +70.65 | $998 |
| Gross Loans ($M) | ▲ | $813 | +61.32 | $751 |
| Loan Growth YoY (%) | ▲ | 101.87% | +3.18 | 98.69% |
| Total Deposits ($M) | ▲ | $789 | +35.74 | $754 |
| Shareholders Equity ($M) | ▲ | $167 | +12.69 | $155 |
| Tang. Book Value ($M) | ▲ | $147 | +13.16 | $134 |
| TBV excl. AOCI ($M)** | ▲ | $154 | +13.29 | $141 |
| Loan / Deposit Ratio (%) | ▲ | 101.87% | +3.18 | 98.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.12 | 0.23% |
| Allowance / Loans (%) | — | 1.05% | 0.04% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.02 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.52% | -0.32 | 16.83% |
Noninterest income ($5.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▇█ | Net Interest Margin (%) | 3.48% | 3.47% | 3.49% | 3.53% | 3.62% | 3.69% | 3.74% | 3.83% |
| ▁▂▁▃▆██▆ | Return on Assets (%) | 0.89% | 0.95% | 0.90% | 0.97% | 1.09% | 1.14% | 1.17% | 1.08% |
| ▇▇█▆▃▃▁▁ | Efficiency Ratio (%) | 73.4% | 73.5% | 74.3% | 72.2% | 70.3% | 69.8% | 68.8% | 68.3% |
| ██▇▅▄▅▂▁ | Cost of Funds (%) | 2.05% | 2.04% | 1.96% | 1.89% | 1.85% | 1.87% | 1.73% | 1.68% |
| ▁▃▁▃▃▂▂█ | NPA / Assets (%) | 0.19% | 0.23% | 0.18% | 0.23% | 0.23% | 0.21% | 0.21% | 0.35% |
| ▂█▁▇█▅▅█ | Net Charge-Off Ratio (%) | 0.25% | 0.31% | 0.24% | 0.30% | 0.31% | 0.28% | 0.28% | 0.32% |
| ▂▄▁▂▄▆▇█ | Tang. Book Value ($M) | $133 | $138 | $130 | $134 | $138 | $143 | $145 | $147 |
| ▃▁▃▃▅▇▇█ | Gross Loans ($M) | $747 | $715 | $740 | $751 | $776 | $791 | $795 | $813 |
| ▂▂▂▁▅█▆█ | Total Deposits ($M) | $762 | $760 | $760 | $754 | $777 | $791 | $781 | $789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 27% |