Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.48 | 1.19% |
| Return on Equity (%) | ▲ | 15.72% | +3.39 | 12.33% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.67 | 3.97% |
| Efficiency Ratio (%) | ▲ | 52.51% | -6.40 | 58.92% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.07 | $5 |
| Cost of Funds (%) | ▲ | 1.72% | -0.34 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,146 | +40.15 | $1,106 |
| Gross Loans ($M) | ▲ | $846 | +61.60 | $784 |
| Loan Growth YoY (%) | ▲ | 84.49% | +2.07 | 82.42% |
| Total Deposits ($M) | ▲ | $984 | +47.69 | $937 |
| Shareholders Equity ($M) | ▲ | $124 | +16.40 | $108 |
| Tang. Book Value ($M) | ▲ | $123 | +16.44 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +15.88 | $119 |
| Loan / Deposit Ratio (%) | ▲ | 84.49% | +2.07 | 82.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.00% | -0.07 | 1.07% |
| Allowance / Loans (%) | — | 1.64% | 0.11% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 1.33% | -0.15 | 1.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.98% | +0.49 | 13.49% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▅▆█ | Net Interest Margin (%) | 3.82% | 3.92% | 3.95% | 3.97% | 4.18% | 4.31% | 4.37% | 4.64% |
| ▁▂▃▂▅▇▆█ | Return on Assets (%) | 1.09% | 1.22% | 1.26% | 1.19% | 1.43% | 1.53% | 1.48% | 1.67% |
| █▇▇▅▄▃▂▁ | Efficiency Ratio (%) | 64.7% | 62.6% | 61.9% | 58.9% | 57.5% | 55.8% | 55.6% | 52.5% |
| ▆▆██▅▄▂▁ | Cost of Funds (%) | 1.99% | 2.00% | 2.11% | 2.06% | 1.95% | 1.87% | 1.81% | 1.72% |
| ▃▁█▇▆▆▇▆ | NPA / Assets (%) | 0.91% | 0.82% | 1.11% | 1.07% | 1.02% | 1.02% | 1.06% | 1.00% |
| ▃▁██▇▆▇▅ | Net Charge-Off Ratio (%) | 1.22% | 1.11% | 1.52% | 1.48% | 1.42% | 1.39% | 1.46% | 1.33% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $97 | $104 | $103 | $107 | $109 | $117 | $121 | $123 |
| ▁▃▃▄▄▆▇█ | Gross Loans ($M) | $746 | $774 | $775 | $784 | $784 | $819 | $825 | $846 |
| ▁▁▃▅▆▅██ | Total Deposits ($M) | $875 | $884 | $914 | $937 | $955 | $939 | $981 | $984 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 13% |