Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.14 | 0.92% |
| Return on Equity (%) | ▼ | 12.77% | -0.19 | 12.96% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.44 | 3.13% |
| Efficiency Ratio (%) | ▲ | 74.64% | -3.92 | 78.55% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.24 | $6 |
| Cost of Funds (%) | ▲ | 1.45% | -0.23 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,795 | -44.34 | $2,839 |
| Gross Loans ($M) | ▲ | $1,916 | +23.54 | $1,892 |
| Loan Growth YoY (%) | ▲ | 75.07% | +2.47 | 72.60% |
| Total Deposits ($M) | ▼ | $2,531 | -54.27 | $2,585 |
| Shareholders Equity ($M) | ▲ | $240 | +34.44 | $206 |
| Tang. Book Value ($M) | ▲ | $238 | +34.44 | $204 |
| TBV excl. AOCI ($M)** | ▲ | $262 | +29.58 | $233 |
| Loan / Deposit Ratio (%) | ▲ | 75.07% | +2.47 | 72.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.19 | 0.38% |
| Allowance / Loans (%) | — | 0.82% | 0.01% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.82% | +0.26 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.64% | +0.70 | 11.93% |
Noninterest income ($8.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.48% | 2.55% | 2.67% | 3.13% | 3.28% | 3.37% | 3.40% | 3.57% |
| ▁▁▁▇▆███ | Return on Assets (%) | 0.49% | 0.54% | 0.55% | 0.92% | 0.91% | 1.03% | 0.99% | 1.06% |
| █▇▇▃▃▂▂▁ | Efficiency Ratio (%) | 87.9% | 85.8% | 85.0% | 78.6% | 78.6% | 76.4% | 77.1% | 74.6% |
| ██▆▃▂▃▁▁ | Cost of Funds (%) | 2.17% | 2.18% | 1.96% | 1.68% | 1.62% | 1.65% | 1.51% | 1.45% |
| ▃▃▆▅▃▁▁█ | NPA / Assets (%) | 0.23% | 0.25% | 0.41% | 0.38% | 0.24% | 0.08% | 0.09% | 0.57% |
| ▃▄▆▆▃▁▁█ | Net Charge-Off Ratio (%) | 0.37% | 0.39% | 0.61% | 0.56% | 0.32% | 0.10% | 0.14% | 0.82% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $172 | $195 | $195 | $204 | $209 | $225 | $236 | $238 |
| ▁▂▅▆▅█▇█ | Gross Loans ($M) | $1,846 | $1,862 | $1,889 | $1,892 | $1,883 | $1,911 | $1,904 | $1,916 |
| ▄▃▅▃▂▁█▁ | Total Deposits ($M) | $2,611 | $2,593 | $2,645 | $2,585 | $2,563 | $2,532 | $2,724 | $2,531 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 22% |