Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.18 | 1.25% |
| Return on Equity (%) | ▲ | 14.47% | +1.50 | 12.97% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.38 | 3.44% |
| Efficiency Ratio (%) | ▲ | 53.46% | -1.98 | 55.44% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.13 | $5 |
| Cost of Funds (%) | ▲ | 1.11% | -0.07 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,265 | +46.85 | $1,218 |
| Gross Loans ($M) | ▲ | $853 | +92.02 | $761 |
| Loan Growth YoY (%) | ▲ | 76.19% | +5.88 | 70.31% |
| Total Deposits ($M) | ▲ | $1,103 | +31.60 | $1,071 |
| Shareholders Equity ($M) | ▲ | $128 | +10.29 | $117 |
| Tang. Book Value ($M) | ▲ | $122 | +10.28 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $138 | +9.71 | $128 |
| Loan / Deposit Ratio (%) | ▲ | 76.19% | +5.88 | 70.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.05 | 0.13% |
| Allowance / Loans (%) | — | 1.52% | 0.47% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.09 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.21% | -0.12 | 15.34% |
Noninterest income ($1.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.30% | 3.30% | 3.34% | 3.44% | 3.53% | 3.61% | 3.66% | 3.82% |
| ▁▂▁▆▆▇▄█ | Return on Assets (%) | 0.81% | 0.90% | 0.87% | 1.25% | 1.24% | 1.28% | 1.11% | 1.43% |
| ▃█▆███▆▁ | Efficiency Ratio (%) | 54.2% | 55.4% | 55.0% | 55.4% | 55.6% | 55.5% | 54.9% | 53.5% |
| ▅█▇▃▂▄▂▁ | Cost of Funds (%) | 1.23% | 1.32% | 1.27% | 1.18% | 1.16% | 1.21% | 1.14% | 1.11% |
| █▄▂▂▁▁▁▁ | NPA / Assets (%) | 0.57% | 0.28% | 0.14% | 0.13% | 0.11% | 0.06% | 0.05% | 0.08% |
| █▄▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.93% | 0.47% | 0.23% | 0.21% | 0.17% | 0.09% | 0.08% | 0.12% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $104 | $109 | $109 | $112 | $115 | $119 | $120 | $122 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $722 | $720 | $738 | $761 | $788 | $810 | $830 | $853 |
| ▁▄▂▄▆▆█▇ | Total Deposits ($M) | $1,024 | $1,071 | $1,045 | $1,071 | $1,090 | $1,097 | $1,129 | $1,103 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |