Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.25 | 1.05% |
| Return on Equity (%) | ▲ | 13.09% | +1.53 | 11.56% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.32 | 3.50% |
| Efficiency Ratio (%) | ▲ | 58.22% | -4.10 | 62.32% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.65 | $6 |
| Cost of Funds (%) | ▲ | 2.02% | -0.14 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,776 | +77.52 | $1,699 |
| Gross Loans ($M) | ▲ | $1,240 | +66.95 | $1,173 |
| Loan Growth YoY (%) | ▼ | 81.62% | -1.29 | 82.91% |
| Total Deposits ($M) | ▲ | $1,502 | +103.06 | $1,399 |
| Shareholders Equity ($M) | ▲ | $177 | +20.58 | $156 |
| Tang. Book Value ($M) | ▲ | $157 | +20.59 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $177 | +20.41 | $156 |
| Loan / Deposit Ratio (%) | ▼ | 81.62% | -1.29 | 82.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.55 | 0.41% |
| Allowance / Loans (%) | — | 1.11% | 0.01% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.78 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.81% | +0.53 | 13.28% |
Noninterest income ($2.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇███ | Net Interest Margin (%) | 3.23% | 3.24% | 3.31% | 3.50% | 3.70% | 3.77% | 3.80% | 3.82% |
| ▁▁▂▂▅▆██ | Return on Assets (%) | 0.97% | 0.98% | 1.04% | 1.05% | 1.17% | 1.22% | 1.27% | 1.30% |
| ██▇█▂▁▁▁ | Efficiency Ratio (%) | 62.2% | 62.0% | 61.3% | 62.3% | 58.5% | 58.0% | 58.2% | 58.2% |
| ▅▇█▅▃▂▁▁ | Cost of Funds (%) | 2.16% | 2.24% | 2.28% | 2.16% | 2.11% | 2.08% | 2.04% | 2.02% |
| ▂▁▁▂▂▁██ | NPA / Assets (%) | 0.39% | 0.30% | 0.29% | 0.41% | 0.38% | 0.34% | 0.90% | 0.96% |
| ▁▁▁▂▂▁██ | Net Charge-Off Ratio (%) | 0.46% | 0.43% | 0.41% | 0.59% | 0.55% | 0.48% | 1.29% | 1.37% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $124 | $135 | $130 | $137 | $142 | $150 | $156 | $157 |
| ▁▃▄▅▆▇██ | Gross Loans ($M) | $1,100 | $1,140 | $1,166 | $1,173 | $1,197 | $1,221 | $1,232 | $1,240 |
| ▁▁▁▃▄▅▆█ | Total Deposits ($M) | $1,360 | $1,363 | $1,374 | $1,399 | $1,422 | $1,434 | $1,451 | $1,502 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 19% |