Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.33 | 1.13% |
| Return on Equity (%) | ▲ | 10.11% | +0.06 | 10.05% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.33 | 3.63% |
| Efficiency Ratio (%) | ▲ | 59.98% | -2.83 | 62.80% |
| Pre-Provision Profit ($M) | ▲ | $18 | +3.21 | $15 |
| Cost of Funds (%) | ▲ | 1.57% | -0.34 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,290 | +149.48 | $4,141 |
| Gross Loans ($M) | ▲ | $3,237 | +128.25 | $3,108 |
| Loan Growth YoY (%) | ▼ | 90.76% | -3.62 | 94.38% |
| Total Deposits ($M) | ▲ | $3,521 | +270.70 | $3,251 |
| Shareholders Equity ($M) | ▲ | $630 | +162.33 | $468 |
| Tang. Book Value ($M) | ▲ | $487 | +152.58 | $335 |
| TBV excl. AOCI ($M)** | ▲ | $521 | +154.29 | $367 |
| Loan / Deposit Ratio (%) | ▼ | 90.76% | -3.62 | 94.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.69% | -0.07 | 0.76% |
| Allowance / Loans (%) | — | 1.25% | -0.04% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.09 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.49% | +4.38 | 12.11% |
Noninterest income ($8.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▇█ | Net Interest Margin (%) | 3.32% | 3.34% | 3.39% | 3.63% | 3.70% | 3.71% | 3.82% | 3.97% |
| ▁▁▂▅▅▆▆█ | Return on Assets (%) | 0.78% | 0.84% | 0.89% | 1.13% | 1.16% | 1.22% | 1.22% | 1.46% |
| ██▇▃▃▂▂▁ | Efficiency Ratio (%) | 71.1% | 70.4% | 69.4% | 62.8% | 62.9% | 62.2% | 62.6% | 60.0% |
| ██▆▅▅▅▂▁ | Cost of Funds (%) | 2.16% | 2.20% | 2.02% | 1.91% | 1.94% | 1.90% | 1.68% | 1.57% |
| ▁▁██▄▄█▇ | NPA / Assets (%) | 0.38% | 0.41% | 0.76% | 0.76% | 0.55% | 0.56% | 0.72% | 0.69% |
| ▁▁██▄▄█▇ | Net Charge-Off Ratio (%) | 0.51% | 0.54% | 1.01% | 1.00% | 0.73% | 0.74% | 0.95% | 0.92% |
| ▁▂▁▁▂▆██ | Tang. Book Value ($M) | $316 | $341 | $327 | $335 | $339 | $437 | $474 | $487 |
| ▁▁▂▃▅▃█▇ | Gross Loans ($M) | $3,020 | $3,052 | $3,082 | $3,108 | $3,162 | $3,104 | $3,277 | $3,237 |
| ▁▄▄▄▄▄██ | Total Deposits ($M) | $2,985 | $3,225 | $3,221 | $3,251 | $3,205 | $3,240 | $3,490 | $3,521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 17% |