Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.07 | 1.07% |
| Return on Equity (%) | ▼ | 7.73% | -0.81 | 8.54% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.08 | 3.92% |
| Efficiency Ratio (%) | ▼ | 72.47% | +7.78 | 64.68% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.14 | $8 |
| Cost of Funds (%) | ▼ | 1.42% | +0.02 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,213 | +144.02 | $2,069 |
| Gross Loans ($M) | ▲ | $1,727 | +216.98 | $1,510 |
| Loan Growth YoY (%) | ▲ | 89.97% | +6.01 | 83.96% |
| Total Deposits ($M) | ▲ | $1,891 | +119.33 | $1,771 |
| Shareholders Equity ($M) | ▲ | $283 | +25.92 | $257 |
| Tang. Book Value ($M) | ▲ | $271 | +27.18 | $244 |
| TBV excl. AOCI ($M)** | ▲ | $283 | +22.32 | $261 |
| Loan / Deposit Ratio (%) | ▲ | 89.97% | +6.01 | 83.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.11 | 0.52% |
| Allowance / Loans (%) | — | 1.51% | -0.00% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.19 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.20% | -1.67 | 17.86% |
Noninterest income ($4.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▁█████ | Net Interest Margin (%) | 3.84% | 3.85% | 3.09% | 3.92% | 3.92% | 3.90% | 3.92% | 3.99% |
| ▃▆▁▇█▆▄▆ | Return on Assets (%) | 0.87% | 0.99% | 0.73% | 1.07% | 1.13% | 1.00% | 0.92% | 1.00% |
| █▇█▂▁▃▄█ | Efficiency Ratio (%) | 72.7% | 70.9% | 72.3% | 64.7% | 62.7% | 66.2% | 66.9% | 72.5% |
| ▂▁▆▂▆▆█▃ | Cost of Funds (%) | 1.39% | 1.36% | 1.51% | 1.41% | 1.51% | 1.53% | 1.59% | 1.42% |
| ▇▁▁████▄ | NPA / Assets (%) | 0.49% | 0.27% | 0.27% | 0.52% | 0.55% | 0.53% | 0.52% | 0.41% |
| ▇▁▁████▄ | Net Charge-Off Ratio (%) | 0.66% | 0.38% | 0.36% | 0.71% | 0.69% | 0.69% | 0.67% | 0.52% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $226 | $234 | $237 | $244 | $250 | $256 | $266 | $271 |
| ▁▂▃▄▅▇▇█ | Gross Loans ($M) | $1,366 | $1,421 | $1,456 | $1,510 | $1,567 | $1,639 | $1,672 | $1,727 |
| ▁▃▁▅▅█▅▇ | Total Deposits ($M) | $1,605 | $1,723 | $1,638 | $1,771 | $1,793 | $1,933 | $1,783 | $1,891 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 5% |