Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.08 | 1.23% |
| Return on Equity (%) | ▼ | 8.57% | -0.50 | 9.07% |
| Net Interest Margin (%) | ▼ | 3.77% | -0.09 | 3.86% |
| Efficiency Ratio (%) | ▲ | 55.65% | -0.13 | 55.77% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.29 | $7 |
| Cost of Funds (%) | ▲ | 1.18% | -0.17 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,611 | -32.39 | $1,643 |
| Gross Loans ($M) | ▲ | $646 | +1.36 | $644 |
| Loan Growth YoY (%) | ▲ | 54.44% | +1.25 | 53.18% |
| Total Deposits ($M) | ▼ | $1,166 | -10.53 | $1,176 |
| Shareholders Equity ($M) | ▲ | $249 | +34.05 | $215 |
| Tang. Book Value ($M) | ▲ | $209 | +34.05 | $175 |
| TBV excl. AOCI ($M)** | ▲ | $239 | +30.62 | $208 |
| Loan / Deposit Ratio (%) | ▲ | 54.44% | +1.25 | 53.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +0.53 | 0.83% |
| Allowance / Loans (%) | — | 1.71% | -1.19% | 2.90% |
| Net Charge-Off Ratio (%) | ▼ | 3.31% | +1.93 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.53% | +2.68 | 18.84% |
Noninterest income ($4.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▂▃▄▅▁ | Net Interest Margin (%) | 4.22% | 4.16% | 4.14% | 3.86% | 3.90% | 3.97% | 4.00% | 3.77% |
| █▆▆▁▂▂▃▁ | Return on Assets (%) | 1.98% | 1.74% | 1.72% | 1.23% | 1.33% | 1.35% | 1.44% | 1.31% |
| ▁▂▃▇▇█▆▇ | Efficiency Ratio (%) | 47.6% | 49.9% | 50.1% | 55.8% | 55.5% | 57.3% | 54.9% | 55.6% |
| ▄▅█▇█▇▄▁ | Cost of Funds (%) | 1.26% | 1.28% | 1.38% | 1.34% | 1.37% | 1.35% | 1.26% | 1.18% |
| ▇▆▅▅▂▂▁█ | NPA / Assets (%) | 1.06% | 0.95% | 0.86% | 0.83% | 0.32% | 0.29% | 0.07% | 1.36% |
| ▅▅▄▄▁▁▁█ | Net Charge-Off Ratio (%) | 1.81% | 1.76% | 1.45% | 1.38% | 0.10% | 0.13% | 0.10% | 3.31% |
| ▃▃▂▁▃▆██ | Tang. Book Value ($M) | $186 | $185 | $183 | $175 | $185 | $197 | $206 | $209 |
| ▁▁▁▄▇██▄ | Gross Loans ($M) | $623 | $617 | $618 | $644 | $673 | $684 | $684 | $646 |
| ▂▃▄█▅▄▁▇ | Total Deposits ($M) | $1,127 | $1,139 | $1,141 | $1,176 | $1,153 | $1,147 | $1,119 | $1,166 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 4% |