Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.99% | -0.23 | 1.22% |
| Return on Equity (%) | ▼ | 6.37% | -2.36 | 8.73% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.35 | 3.47% |
| Efficiency Ratio (%) | ▼ | 60.12% | +4.42 | 55.70% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.35 | $8 |
| Cost of Funds (%) | ▲ | 0.93% | -0.04 | 0.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,737 | +25.49 | $1,712 |
| Gross Loans ($M) | ▲ | $1,305 | +48.49 | $1,257 |
| Loan Growth YoY (%) | ▲ | 109.20% | +4.40 | 104.80% |
| Total Deposits ($M) | ▼ | $1,184 | -4.26 | $1,189 |
| Shareholders Equity ($M) | ▲ | $273 | +29.06 | $244 |
| Tang. Book Value ($M) | ▲ | $272 | +29.04 | $243 |
| TBV excl. AOCI ($M)** | ▲ | $287 | +28.04 | $259 |
| Loan / Deposit Ratio (%) | ▲ | 109.20% | +4.40 | 104.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.19 | 0.23% |
| Allowance / Loans (%) | — | 0.93% | 0.03% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.25 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.63% | +1.25 | 20.38% |
Noninterest income ($2.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.18% | 3.23% | 3.30% | 3.47% | 3.52% | 3.55% | 3.59% | 3.82% |
| ▅▄▁▃▇█▅▁ | Return on Assets (%) | 1.37% | 1.29% | 0.94% | 1.22% | 1.63% | 1.73% | 1.40% | 0.99% |
| ███▁▁▂▅▃ | Efficiency Ratio (%) | 70.8% | 69.8% | 71.2% | 55.7% | 57.1% | 58.7% | 64.8% | 60.1% |
| ▁█▇▅▇▆▄▂ | Cost of Funds (%) | 0.90% | 1.02% | 0.99% | 0.97% | 1.00% | 0.98% | 0.95% | 0.93% |
| ▁▁▁▂█▆▆▆ | NPA / Assets (%) | 0.14% | 0.15% | 0.15% | 0.23% | 0.53% | 0.40% | 0.40% | 0.42% |
| ▁▁▁▂█▆▆▆ | Net Charge-Off Ratio (%) | 0.19% | 0.21% | 0.20% | 0.31% | 0.73% | 0.54% | 0.53% | 0.56% |
| ▁▃▂▄▆▇██ | Tang. Book Value ($M) | $223 | $237 | $234 | $243 | $254 | $265 | $269 | $272 |
| ▁▃▄▅▅▇██ | Gross Loans ($M) | $1,189 | $1,224 | $1,243 | $1,257 | $1,260 | $1,298 | $1,314 | $1,305 |
| ▄█▃▂▂▅▁▂ | Total Deposits ($M) | $1,204 | $1,250 | $1,198 | $1,189 | $1,183 | $1,214 | $1,171 | $1,184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 1% |