Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +2.51 | -1.02% |
| Return on Equity (%) | ▲ | 14.48% | +25.79 | -11.31% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.55 | 3.85% |
| Efficiency Ratio (%) | ▲ | 67.51% | -10.57 | 78.08% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.62 | $4 |
| Cost of Funds (%) | ▲ | 1.54% | -0.23 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,724 | +122.13 | $1,602 |
| Gross Loans ($M) | ▲ | $1,075 | +138.04 | $936 |
| Loan Growth YoY (%) | ▲ | 72.59% | +8.22 | 64.37% |
| Total Deposits ($M) | ▲ | $1,464 | +25.83 | $1,439 |
| Shareholders Equity ($M) | ▲ | $177 | +25.44 | $151 |
| Tang. Book Value ($M) | ▲ | $170 | +25.66 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +25.10 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 72.59% | +8.22 | 64.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.06 | 0.27% |
| Allowance / Loans (%) | — | 1.08% | -0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.05 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.78% | +0.34 | 13.44% |
Noninterest income ($7.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.73% | 3.75% | 3.79% | 3.85% | 3.99% | 4.11% | 4.21% | 4.40% |
| ▆▆▆▁▄▅▆█ | Return on Assets (%) | 0.86% | 0.84% | 0.84% | -1.02% | 0.00% | 0.47% | 0.80% | 1.49% |
| ▇██▇▇▆▄▁ | Efficiency Ratio (%) | 77.8% | 79.0% | 79.7% | 78.1% | 77.3% | 75.4% | 73.1% | 67.5% |
| ██▇▅▅▄▁▁ | Cost of Funds (%) | 1.92% | 1.97% | 1.89% | 1.77% | 1.77% | 1.72% | 1.58% | 1.54% |
| ▁█▃▆▇▇▃▄ | NPA / Assets (%) | 0.14% | 0.32% | 0.19% | 0.27% | 0.29% | 0.28% | 0.20% | 0.21% |
| ▁█▃▆██▅▅ | Net Charge-Off Ratio (%) | 0.14% | 0.48% | 0.25% | 0.39% | 0.45% | 0.47% | 0.34% | 0.34% |
| ▁▂▁▅▅▆██ | Tang. Book Value ($M) | $117 | $124 | $123 | $144 | $147 | $157 | $165 | $170 |
| ▁▁▁▂▂▃▅█ | Gross Loans ($M) | $915 | $911 | $908 | $936 | $941 | $963 | $1,000 | $1,075 |
| ▁▄▁▆█▆██ | Total Deposits ($M) | $1,367 | $1,413 | $1,375 | $1,439 | $1,457 | $1,434 | $1,467 | $1,464 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 17% |