Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.39 | 0.38% |
| Return on Equity (%) | ▲ | 8.34% | +4.08 | 4.26% |
| Net Interest Margin (%) | ▲ | 3.58% | +1.25 | 2.33% |
| Efficiency Ratio (%) | ▲ | 80.30% | -11.72 | 92.03% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.63 | $1 |
| Cost of Funds (%) | ▲ | 1.87% | -0.28 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,396 | +690.19 | $1,706 |
| Gross Loans ($M) | ▲ | $1,865 | +505.46 | $1,360 |
| Loan Growth YoY (%) | ▼ | 95.22% | -4.68 | 99.89% |
| Total Deposits ($M) | ▲ | $1,950 | +600.38 | $1,350 |
| Shareholders Equity ($M) | ▲ | $229 | +77.99 | $151 |
| Tang. Book Value ($M) | ▲ | $208 | +56.85 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +62.73 | $158 |
| Loan / Deposit Ratio (%) | ▼ | 95.22% | -4.68 | 99.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.08 | 0.20% |
| Allowance / Loans (%) | — | 0.45% | -0.39% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.10 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.51% | -0.51 | 13.01% |
Noninterest income ($4.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂▂█ | Net Interest Margin (%) | 2.30% | 2.27% | 2.26% | 2.33% | 2.43% | 2.51% | 2.54% | 3.58% |
| ▃▂▁▅▅▄▆█ | Return on Assets (%) | 0.16% | 0.02% | -0.18% | 0.38% | 0.34% | 0.27% | 0.48% | 0.77% |
| ▅▆█▄▄▄▄▁ | Efficiency Ratio (%) | 95.8% | 99.1% | 107.4% | 92.0% | 91.6% | 93.2% | 93.3% | 80.3% |
| ▅██▆▅▅▅▁ | Cost of Funds (%) | 2.12% | 2.29% | 2.31% | 2.15% | 2.14% | 2.11% | 2.11% | 1.87% |
| ▁▃▁▂██▆▅ | NPA / Assets (%) | 0.14% | 0.21% | 0.14% | 0.20% | 0.41% | 0.40% | 0.32% | 0.28% |
| ▁▃▁▃██▆▅ | Net Charge-Off Ratio (%) | 0.17% | 0.26% | 0.18% | 0.26% | 0.50% | 0.49% | 0.40% | 0.36% |
| ▁▁▃▃▃▃▄█ | Tang. Book Value ($M) | $124 | $126 | $153 | $151 | $152 | $154 | $159 | $208 |
| ▁▁▁▁▂▂▂█ | Gross Loans ($M) | $1,326 | $1,333 | $1,334 | $1,360 | $1,402 | $1,432 | $1,453 | $1,865 |
| ▁▁▁▁▁▂▂█ | Total Deposits ($M) | $1,280 | $1,288 | $1,306 | $1,350 | $1,335 | $1,365 | $1,417 | $1,950 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 15% |