Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.04 | 1.11% |
| Return on Equity (%) | ▼ | 9.77% | -0.23 | 10.00% |
| Net Interest Margin (%) | ▲ | 4.42% | +0.01 | 4.41% |
| Efficiency Ratio (%) | ▲ | 63.16% | -2.76 | 65.92% |
| Pre-Provision Profit ($M) | ▲ | $13 | +1.76 | $12 |
| Cost of Funds (%) | ▼ | 2.01% | +0.01 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,203 | +137.41 | $3,066 |
| Gross Loans ($M) | ▲ | $2,713 | +149.00 | $2,564 |
| Loan Growth YoY (%) | ▲ | 100.84% | +4.65 | 96.19% |
| Total Deposits ($M) | ▲ | $2,658 | +25.47 | $2,633 |
| Shareholders Equity ($M) | ▲ | $355 | +12.52 | $342 |
| Tang. Book Value ($M) | ▲ | $333 | +15.87 | $317 |
| TBV excl. AOCI ($M)** | ▲ | $348 | +16.01 | $332 |
| Loan / Deposit Ratio (%) | ▲ | 100.84% | +4.65 | 96.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.10 | 0.47% |
| Allowance / Loans (%) | — | 1.20% | -0.04% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.11 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.59% | -0.59 | 13.19% |
Noninterest income ($5.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▆▆▁▂▆█▂ | Net Interest Margin (%) | 4.42% | 4.47% | 4.47% | 4.41% | 4.42% | 4.47% | 4.49% | 4.42% |
| ▆█▆▂▁▂▃▁ | Return on Assets (%) | 1.24% | 1.31% | 1.24% | 1.11% | 1.08% | 1.13% | 1.14% | 1.08% |
| ▁▃▄██▇▆▆ | Efficiency Ratio (%) | 56.2% | 59.1% | 60.5% | 65.9% | 65.4% | 64.0% | 63.2% | 63.2% |
| ▅▆▃▁▃██▁ | Cost of Funds (%) | 2.05% | 2.06% | 2.03% | 2.00% | 2.03% | 2.09% | 2.09% | 2.01% |
| ▁▁▃▄████ | NPA / Assets (%) | 0.39% | 0.36% | 0.45% | 0.47% | 0.60% | 0.57% | 0.59% | 0.57% |
| ▁▁▃▄███▇ | Net Charge-Off Ratio (%) | 0.45% | 0.42% | 0.53% | 0.56% | 0.71% | 0.69% | 0.69% | 0.67% |
| ▁▂▃▅▆▆▇█ | Tang. Book Value ($M) | $298 | $304 | $310 | $317 | $321 | $324 | $327 | $333 |
| ▁▁▁▂▆▆██ | Gross Loans ($M) | $2,542 | $2,544 | $2,562 | $2,564 | $2,668 | $2,668 | $2,699 | $2,713 |
| ▁▃▁▇▅██▇ | Total Deposits ($M) | $2,402 | $2,446 | $2,360 | $2,633 | $2,567 | $2,702 | $2,691 | $2,658 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 8% |
| Consumer | 22% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 19% |