Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.02 | 1.27% |
| Return on Equity (%) | ▼ | 12.72% | -0.21 | 12.93% |
| Net Interest Margin (%) | ▼ | 3.73% | -0.05 | 3.78% |
| Efficiency Ratio (%) | ▼ | 58.37% | +0.62 | 57.76% |
| Pre-Provision Profit ($M) | ▲ | $19 | +1.30 | $18 |
| Cost of Funds (%) | ▲ | 2.36% | -0.21 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,321 | +376.14 | $3,945 |
| Gross Loans ($M) | ▲ | $3,523 | +327.68 | $3,195 |
| Loan Growth YoY (%) | ▲ | 97.59% | +0.24 | 97.35% |
| Total Deposits ($M) | ▲ | $3,572 | +326.20 | $3,246 |
| Shareholders Equity ($M) | ▲ | $431 | +41.92 | $389 |
| Tang. Book Value ($M) | ▲ | $419 | +41.96 | $377 |
| TBV excl. AOCI ($M)** | ▲ | $440 | +44.92 | $395 |
| Loan / Deposit Ratio (%) | ▲ | 97.59% | +0.24 | 97.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.33 | 0.61% |
| Allowance / Loans (%) | — | 1.04% | -0.06% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.15% | +0.40 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.04% | -0.06 | 11.10% |
Noninterest income ($9.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▇▆▆██▁ | Net Interest Margin (%) | 3.76% | 3.76% | 3.79% | 3.78% | 3.78% | 3.81% | 3.80% | 3.73% |
| ▁▂▆▃▃██▅ | Return on Assets (%) | 1.22% | 1.25% | 1.32% | 1.27% | 1.26% | 1.36% | 1.36% | 1.29% |
| █▅▃▂▃▁▁▃ | Efficiency Ratio (%) | 61.3% | 59.4% | 58.3% | 57.8% | 58.3% | 57.3% | 57.0% | 58.4% |
| ██▅▃▅▆▅▁ | Cost of Funds (%) | 2.95% | 2.94% | 2.71% | 2.57% | 2.66% | 2.77% | 2.66% | 2.36% |
| ▁▁▄▂▃▁█▇ | NPA / Assets (%) | 0.53% | 0.52% | 0.74% | 0.61% | 0.72% | 0.58% | 1.07% | 0.94% |
| ▁▁▄▂▃▁█▇ | Net Charge-Off Ratio (%) | 0.63% | 0.63% | 0.91% | 0.75% | 0.88% | 0.70% | 1.29% | 1.15% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $343 | $350 | $368 | $377 | $385 | $399 | $411 | $419 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $2,992 | $3,058 | $3,127 | $3,195 | $3,265 | $3,348 | $3,392 | $3,523 |
| ▁▂▃▅▅▆▆█ | Total Deposits ($M) | $2,887 | $2,977 | $3,113 | $3,246 | $3,310 | $3,335 | $3,382 | $3,572 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 37% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 28% |