Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.22 | 0.82% |
| Return on Equity (%) | ▲ | 10.57% | +1.84 | 8.73% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.19 | 3.25% |
| Efficiency Ratio (%) | ▲ | 66.95% | -4.20 | 71.14% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.88 | $4 |
| Cost of Funds (%) | ▲ | 1.25% | -0.09 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,277 | +90.41 | $1,187 |
| Gross Loans ($M) | ▲ | $830 | +100.47 | $730 |
| Loan Growth YoY (%) | ▲ | 74.90% | +3.30 | 71.60% |
| Total Deposits ($M) | ▲ | $1,097 | +93.80 | $1,003 |
| Shareholders Equity ($M) | ▲ | $137 | +12.35 | $125 |
| Tang. Book Value ($M) | ▲ | $137 | +12.35 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +10.67 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 74.90% | +3.30 | 71.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.46 | 0.90% |
| Allowance / Loans (%) | — | 1.03% | -0.54% | 1.58% |
| Net Charge-Off Ratio (%) | ▲ | 0.68% | -0.79 | 1.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.68% | -0.07 | 15.75% |
Noninterest income ($3.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅██▁▂▃▄▅ | Net Interest Margin (%) | 3.44% | 3.58% | 3.54% | 3.25% | 3.32% | 3.37% | 3.40% | 3.45% |
| ▂▃▄▁▁▅▇█ | Return on Assets (%) | 0.87% | 0.89% | 0.91% | 0.82% | 0.83% | 0.96% | 1.00% | 1.04% |
| █▇▆▆█▃▁▁ | Efficiency Ratio (%) | 72.6% | 71.6% | 70.5% | 71.1% | 72.0% | 68.9% | 67.4% | 66.9% |
| ▄▆▁███▃▅ | Cost of Funds (%) | 1.19% | 1.28% | 1.05% | 1.34% | 1.38% | 1.36% | 1.16% | 1.25% |
| ▁▃▇██▆▅▄ | NPA / Assets (%) | 0.03% | 0.29% | 0.77% | 0.90% | 0.85% | 0.60% | 0.53% | 0.44% |
| ▁▃███▆▆▄ | Net Charge-Off Ratio (%) | 0.02% | 0.42% | 1.42% | 1.47% | 1.47% | 0.98% | 0.99% | 0.68% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $114 | $118 | $122 | $125 | $127 | $131 | $135 | $137 |
| ▁▂▄▂▁▆▅█ | Gross Loans ($M) | $715 | $737 | $760 | $730 | $727 | $791 | $785 | $830 |
| ▂▁▇▁▃▄█▃ | Total Deposits ($M) | $1,024 | $985 | $1,244 | $1,003 | $1,072 | $1,099 | $1,287 | $1,097 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 5% |