Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.05 | 0.68% |
| Return on Equity (%) | ▲ | 7.54% | +0.07 | 7.47% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.18 | 3.18% |
| Efficiency Ratio (%) | ▲ | 76.61% | -2.84 | 79.45% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.61 | $3 |
| Cost of Funds (%) | ▲ | 1.75% | -0.17 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,468 | +41.56 | $1,427 |
| Gross Loans ($M) | ▼ | $1,031 | -30.84 | $1,062 |
| Loan Growth YoY (%) | ▼ | 80.07% | -6.04 | 86.11% |
| Total Deposits ($M) | ▲ | $1,272 | +54.03 | $1,218 |
| Shareholders Equity ($M) | ▲ | $142 | +9.65 | $132 |
| Tang. Book Value ($M) | ▲ | $128 | +9.67 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $141 | +11.27 | $130 |
| Loan / Deposit Ratio (%) | ▼ | 80.07% | -6.04 | 86.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.39 | 0.96% |
| Allowance / Loans (%) | — | 1.28% | -0.02% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.78% | -0.51 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +0.73 | 11.07% |
Noninterest income ($4.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆███ | Net Interest Margin (%) | 2.89% | 2.89% | 2.95% | 3.18% | 3.23% | 3.30% | 3.33% | 3.35% |
| ▁▁▃▇▁▄▆█ | Return on Assets (%) | 0.39% | 0.38% | 0.51% | 0.68% | 0.38% | 0.54% | 0.60% | 0.73% |
| ██▆▄▂▁▁▁ | Efficiency Ratio (%) | 84.6% | 85.4% | 82.3% | 79.5% | 77.7% | 76.1% | 75.6% | 76.6% |
| ██▆▄▄▅▄▁ | Cost of Funds (%) | 2.12% | 2.17% | 2.05% | 1.91% | 1.95% | 1.98% | 1.92% | 1.75% |
| ▆▅▆▇██▁▁ | NPA / Assets (%) | 0.91% | 0.82% | 0.92% | 0.96% | 1.05% | 1.01% | 0.57% | 0.58% |
| ▄▃▄▇██▁▁ | Net Charge-Off Ratio (%) | 1.06% | 0.94% | 1.02% | 1.29% | 1.42% | 1.39% | 0.80% | 0.78% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $104 | $108 | $114 | $119 | $120 | $123 | $128 | $128 |
| ▂▂█▇█▆▁▁ | Gross Loans ($M) | $1,039 | $1,040 | $1,068 | $1,062 | $1,069 | $1,056 | $1,033 | $1,031 |
| ▁▂▃▄▆▇▇█ | Total Deposits ($M) | $1,172 | $1,192 | $1,203 | $1,218 | $1,245 | $1,259 | $1,250 | $1,272 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 11% |