Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.10 | 0.61% |
| Return on Equity (%) | — | 6.79% | 0.00 | 6.79% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.17 | 2.83% |
| Efficiency Ratio (%) | ▲ | 73.62% | -0.94 | 74.56% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.58 | $3 |
| Cost of Funds (%) | ▲ | 1.55% | -0.27 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,834 | +104.38 | $1,730 |
| Gross Loans ($M) | ▲ | $1,345 | +59.84 | $1,286 |
| Loan Growth YoY (%) | ▲ | 83.30% | +0.92 | 82.38% |
| Total Deposits ($M) | ▲ | $1,607 | +54.32 | $1,553 |
| Shareholders Equity ($M) | ▲ | $210 | +53.34 | $156 |
| Tang. Book Value ($M) | ▲ | $190 | +54.07 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $205 | +56.67 | $149 |
| Loan / Deposit Ratio (%) | ▲ | 83.30% | +0.92 | 82.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.18 | 0.38% |
| Allowance / Loans (%) | — | 0.50% | 0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▼ | 0.76% | +0.25 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.11% | +3.31 | 12.80% |
Noninterest income ($2.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▃▅▆█ | Net Interest Margin (%) | 2.85% | 2.82% | 2.80% | 2.83% | 2.87% | 2.92% | 2.95% | 3.00% |
| ▁▁▃▃▇█▇█ | Return on Assets (%) | 0.58% | 0.56% | 0.61% | 0.61% | 0.68% | 0.70% | 0.68% | 0.71% |
| ▂▂█▁▁▁▂▁ | Efficiency Ratio (%) | 75.0% | 75.5% | 84.5% | 74.6% | 74.4% | 73.6% | 75.1% | 73.6% |
| ▆█▇▅▅▅▄▁ | Cost of Funds (%) | 1.89% | 2.02% | 1.94% | 1.82% | 1.78% | 1.79% | 1.73% | 1.55% |
| ▁▅▇▄▄▄██ | NPA / Assets (%) | 0.23% | 0.42% | 0.48% | 0.38% | 0.35% | 0.39% | 0.54% | 0.56% |
| ▁▅▆▄▃▄██ | Net Charge-Off Ratio (%) | 0.30% | 0.55% | 0.64% | 0.51% | 0.47% | 0.52% | 0.71% | 0.76% |
| ▁▁▁▂▂▃▃█ | Tang. Book Value ($M) | $124 | $129 | $131 | $136 | $139 | $144 | $148 | $190 |
| ▁▂▃▄▅▅▇█ | Gross Loans ($M) | $1,242 | $1,255 | $1,275 | $1,286 | $1,300 | $1,304 | $1,332 | $1,345 |
| ▁▁▄▆▅▅▅█ | Total Deposits ($M) | $1,432 | $1,436 | $1,515 | $1,553 | $1,539 | $1,523 | $1,540 | $1,607 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |