Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +0.47 | 1.73% |
| Return on Equity (%) | ▲ | 18.76% | +1.44 | 17.32% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.55 | 3.24% |
| Efficiency Ratio (%) | ▲ | 48.11% | -3.46 | 51.58% |
| Pre-Provision Profit ($M) | ▲ | $18 | +3.77 | $14 |
| Cost of Funds (%) | ▲ | 1.36% | -0.40 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,175 | +25.85 | $3,149 |
| Gross Loans ($M) | ▲ | $2,415 | +115.59 | $2,299 |
| Loan Growth YoY (%) | ▲ | 87.00% | +5.70 | 81.30% |
| Total Deposits ($M) | ▼ | $2,747 | -48.58 | $2,796 |
| Shareholders Equity ($M) | ▲ | $374 | +47.41 | $327 |
| Tang. Book Value ($M) | ▲ | $333 | +47.59 | $285 |
| TBV excl. AOCI ($M)** | ▲ | $362 | +46.46 | $316 |
| Loan / Deposit Ratio (%) | ▲ | 87.00% | +5.70 | 81.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.12 | 0.13% |
| Allowance / Loans (%) | — | 1.02% | -0.12% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.12 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.31% | +0.41 | 12.90% |
Noninterest income ($6.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.05% | 3.09% | 3.11% | 3.24% | 3.37% | 3.46% | 3.52% | 3.80% |
| ▁▁▂▂▄▅▆█ | Return on Assets (%) | 1.67% | 1.64% | 1.73% | 1.73% | 1.89% | 1.96% | 2.00% | 2.20% |
| ██▅▇▄▃▃▁ | Efficiency Ratio (%) | 52.6% | 52.3% | 50.9% | 51.6% | 50.2% | 49.4% | 49.4% | 48.1% |
| ▇█▅▅▃▃▂▁ | Cost of Funds (%) | 1.96% | 2.12% | 1.82% | 1.76% | 1.60% | 1.61% | 1.48% | 1.36% |
| ██▂▂▂▁▁▁ | NPA / Assets (%) | 0.59% | 0.61% | 0.13% | 0.13% | 0.10% | 0.01% | 0.01% | 0.01% |
| ██▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.86% | 0.83% | 0.19% | 0.12% | 0.09% | 0.01% | 0.01% | 0.01% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $250 | $276 | $267 | $285 | $297 | $319 | $327 | $333 |
| ▁▂▂▂▃▁▇█ | Gross Loans ($M) | $2,275 | $2,283 | $2,292 | $2,299 | $2,305 | $2,261 | $2,385 | $2,415 |
| ▁▁█▅█▃▁▃ | Total Deposits ($M) | $2,712 | $2,714 | $2,867 | $2,796 | $2,881 | $2,753 | $2,702 | $2,747 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 7% |