Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +2.29 | -1.41% |
| Return on Equity (%) | ▲ | 7.51% | +22.83 | -15.32% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.61 | 3.08% |
| Efficiency Ratio (%) | ▲ | 66.48% | -4.48 | 70.95% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.03 | $5 |
| Cost of Funds (%) | ▲ | 1.65% | -0.41 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,838 | -66.13 | $1,904 |
| Gross Loans ($M) | ▲ | $1,464 | +8.64 | $1,455 |
| Loan Growth YoY (%) | ▲ | 90.45% | +1.52 | 88.92% |
| Total Deposits ($M) | ▼ | $1,600 | -19.99 | $1,620 |
| Shareholders Equity ($M) | ▲ | $218 | +18.59 | $200 |
| Tang. Book Value ($M) | ▲ | $218 | +18.18 | $199 |
| TBV excl. AOCI ($M)** | ▲ | $223 | +18.45 | $205 |
| Loan / Deposit Ratio (%) | ▲ | 90.45% | +1.52 | 88.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.81% | -0.08 | 0.89% |
| Allowance / Loans (%) | — | 1.18% | 0.13% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 1.02% | -0.14 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.47% | +0.64 | 13.83% |
Noninterest income ($4.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▆▇█ | Net Interest Margin (%) | 3.00% | 3.03% | 3.07% | 3.08% | 3.26% | 3.45% | 3.52% | 3.69% |
| ███▁▅▇▇█ | Return on Assets (%) | 0.72% | 0.75% | 0.92% | -1.41% | -0.10% | 0.34% | 0.50% | 0.88% |
| █▆▃▅▂▁▁▂ | Efficiency Ratio (%) | 74.6% | 72.2% | 68.5% | 71.0% | 66.7% | 65.2% | 66.3% | 66.5% |
| ▇██▇▂▂▁▁ | Cost of Funds (%) | 2.06% | 2.16% | 2.17% | 2.06% | 1.72% | 1.74% | 1.70% | 1.65% |
| ▁▁▁██▆▇█ | NPA / Assets (%) | 0.16% | 0.14% | 0.11% | 0.89% | 0.85% | 0.69% | 0.77% | 0.81% |
| ▁▁▁██▆▇▇ | Net Charge-Off Ratio (%) | 0.20% | 0.18% | 0.14% | 1.16% | 1.20% | 0.91% | 0.98% | 1.02% |
| ▁▁▁▇▇███ | Tang. Book Value ($M) | $139 | $145 | $147 | $199 | $204 | $212 | $217 | $218 |
| ▂█▅▃▁▄▇▄ | Gross Loans ($M) | $1,452 | $1,487 | $1,470 | $1,455 | $1,442 | $1,463 | $1,478 | $1,464 |
| ▁▂▃▄█▅▄▄ | Total Deposits ($M) | $1,489 | $1,547 | $1,577 | $1,620 | $1,771 | $1,657 | $1,608 | $1,600 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 16% |