Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.34 | 0.62% |
| Return on Equity (%) | ▲ | 12.05% | +3.56 | 8.49% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.32 | 2.77% |
| Efficiency Ratio (%) | ▲ | 61.40% | -7.40 | 68.80% |
| Pre-Provision Profit ($M) | ▲ | $10 | +3.00 | $7 |
| Cost of Funds (%) | ▲ | 1.37% | -0.25 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,916 | +182.54 | $2,734 |
| Gross Loans ($M) | ▲ | $2,114 | +38.18 | $2,076 |
| Loan Growth YoY (%) | ▼ | 88.12% | -1.82 | 89.94% |
| Total Deposits ($M) | ▲ | $2,365 | +87.45 | $2,278 |
| Shareholders Equity ($M) | ▲ | $228 | +29.52 | $198 |
| Tang. Book Value ($M) | ▲ | $228 | +29.64 | $198 |
| TBV excl. AOCI ($M)** | ▲ | $254 | +33.96 | $220 |
| Loan / Deposit Ratio (%) | ▼ | 88.12% | -1.82 | 89.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.32 | 0.17% |
| Allowance / Loans (%) | — | 1.42% | 0.10% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.45 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.86% | +1.01 | 12.85% |
Noninterest income ($4.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▆█ | Net Interest Margin (%) | 2.61% | 2.64% | 2.65% | 2.77% | 2.87% | 2.90% | 2.95% | 3.09% |
| ▄▃▃▁▄▅▅█ | Return on Assets (%) | 0.75% | 0.73% | 0.72% | 0.62% | 0.76% | 0.81% | 0.81% | 0.96% |
| ▆███▃▃▂▁ | Efficiency Ratio (%) | 66.8% | 68.1% | 68.6% | 68.8% | 63.5% | 63.6% | 62.9% | 61.4% |
| ██▇▅▄▅▃▁ | Cost of Funds (%) | 1.79% | 1.81% | 1.75% | 1.62% | 1.54% | 1.59% | 1.51% | 1.37% |
| ▁▁▁▁▄▅█▇ | NPA / Assets (%) | 0.15% | 0.16% | 0.18% | 0.17% | 0.35% | 0.42% | 0.58% | 0.49% |
| ▁▁▁▁▅▆█▇ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.23% | 0.22% | 0.49% | 0.55% | 0.75% | 0.68% |
| ▁▄▂▃▅▆▇█ | Tang. Book Value ($M) | $181 | $199 | $189 | $198 | $206 | $213 | $221 | $228 |
| ▁▂▄▆▇▇██ | Gross Loans ($M) | $1,947 | $1,977 | $2,017 | $2,076 | $2,089 | $2,089 | $2,129 | $2,114 |
| ▇▂▁▄█▃▁▆ | Total Deposits ($M) | $2,399 | $2,195 | $2,122 | $2,278 | $2,466 | $2,250 | $2,143 | $2,365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 2% |
| Consumer | 33% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 5% |