Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.45 | 1.07% |
| Return on Equity (%) | ▲ | 11.83% | +3.05 | 8.78% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.36 | 3.66% |
| Efficiency Ratio (%) | ▲ | 60.87% | -4.50 | 65.37% |
| Pre-Provision Profit ($M) | ▲ | $13 | +3.26 | $9 |
| Cost of Funds (%) | ▲ | 1.54% | -0.46 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,539 | -112.39 | $2,651 |
| Gross Loans ($M) | ▼ | $1,629 | -125.41 | $1,755 |
| Loan Growth YoY (%) | ▼ | 73.38% | -2.72 | 76.09% |
| Total Deposits ($M) | ▼ | $2,194 | -80.07 | $2,275 |
| Shareholders Equity ($M) | ▼ | $315 | -11.55 | $327 |
| Tang. Book Value ($M) | ▼ | $315 | -11.55 | $327 |
| TBV excl. AOCI ($M)** | ▼ | $340 | -6.12 | $346 |
| Loan / Deposit Ratio (%) | ▼ | 73.38% | -2.72 | 76.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.90% | -0.98 | 2.89% |
| Allowance / Loans (%) | — | 1.18% | -0.19% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 1.32% | -2.90 | 4.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.40 | 16.40% |
Noninterest income ($8.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▆███ | Net Interest Margin (%) | 3.45% | 3.51% | 3.56% | 3.66% | 3.85% | 3.96% | 4.02% | 4.03% |
| ▁▁▂▂▅▅▅█ | Return on Assets (%) | 0.96% | 1.00% | 1.05% | 1.07% | 1.24% | 1.30% | 1.27% | 1.51% |
| ▂▁▂█▄▃▂▂ | Efficiency Ratio (%) | 61.1% | 59.7% | 60.7% | 65.4% | 62.3% | 61.1% | 60.5% | 60.9% |
| ██▇▄▃▃▁▁ | Cost of Funds (%) | 2.39% | 2.49% | 2.36% | 2.00% | 1.89% | 1.86% | 1.57% | 1.54% |
| ▂▂▆▆▅▆█▁ | NPA / Assets (%) | 2.11% | 2.23% | 2.84% | 2.89% | 2.74% | 2.96% | 3.31% | 1.90% |
| ▅▆██▁▁▃▂ | Net Charge-Off Ratio (%) | 2.82% | 3.13% | 4.00% | 4.22% | 0.58% | 0.85% | 1.69% | 1.32% |
| ▁▂▃▄▅▇█▂ | Tang. Book Value ($M) | $304 | $315 | $317 | $327 | $337 | $348 | $358 | $315 |
| ██▅▄▂▂▂▁ | Gross Loans ($M) | $1,882 | $1,854 | $1,758 | $1,755 | $1,685 | $1,687 | $1,687 | $1,629 |
| ▂▇▂▅▄▂█▁ | Total Deposits ($M) | $2,227 | $2,311 | $2,229 | $2,275 | $2,256 | $2,218 | $2,334 | $2,194 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 10% |