Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.32 | 1.19% |
| Return on Equity (%) | ▲ | 18.63% | +1.60 | 17.03% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.07 | 3.19% |
| Efficiency Ratio (%) | ▲ | 60.08% | -5.12 | 65.20% |
| Pre-Provision Profit ($M) | ▲ | $23 | +4.19 | $19 |
| Cost of Funds (%) | ▲ | 1.42% | -0.27 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,741 | +69.58 | $5,671 |
| Gross Loans ($M) | ▼ | $3,267 | -207.66 | $3,475 |
| Loan Growth YoY (%) | ▼ | 62.20% | -4.22 | 66.42% |
| Total Deposits ($M) | ▲ | $5,196 | +19.26 | $5,177 |
| Shareholders Equity ($M) | ▲ | $472 | +60.27 | $412 |
| Tang. Book Value ($M) | ▲ | $452 | +59.98 | $392 |
| TBV excl. AOCI ($M)** | ▲ | $536 | +60.83 | $475 |
| Loan / Deposit Ratio (%) | ▼ | 62.20% | -4.22 | 66.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.26 | 0.37% |
| Allowance / Loans (%) | — | 1.07% | 0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.01 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.80% | +1.85 | 13.95% |
Noninterest income ($13.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.05% | 3.03% | 3.07% | 3.19% | 3.22% | 3.25% | 3.24% | 3.26% |
| ▁▁▂▃▄▆▆█ | Return on Assets (%) | 1.02% | 1.07% | 1.15% | 1.19% | 1.25% | 1.33% | 1.35% | 1.52% |
| ███▆▅▅▅▁ | Efficiency Ratio (%) | 66.5% | 66.4% | 67.2% | 65.2% | 64.1% | 63.9% | 64.1% | 60.1% |
| ▇██▄▄▄▃▁ | Cost of Funds (%) | 1.94% | 2.03% | 1.96% | 1.68% | 1.65% | 1.71% | 1.63% | 1.42% |
| ▆▆▇▇▆▆█▁ | NPA / Assets (%) | 0.33% | 0.33% | 0.38% | 0.37% | 0.36% | 0.33% | 0.44% | 0.11% |
| ██▁▁▁▁▃▁ | Net Charge-Off Ratio (%) | 0.53% | 0.53% | 0.14% | 0.13% | 0.11% | 0.12% | 0.24% | 0.12% |
| ▁▄▃▄▅▇██ | Tang. Book Value ($M) | $330 | $389 | $366 | $392 | $401 | $433 | $455 | $452 |
| ▄▅▇▆█▆▁▁ | Gross Loans ($M) | $3,398 | $3,415 | $3,492 | $3,475 | $3,552 | $3,456 | $3,301 | $3,267 |
| ▂▅▄▂▁▆█▃ | Total Deposits ($M) | $5,192 | $5,245 | $5,231 | $5,177 | $5,147 | $5,282 | $5,332 | $5,196 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Consumer | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |