Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.10 | 1.13% |
| Return on Equity (%) | ▲ | 10.02% | +0.53 | 9.49% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.04 | 3.91% |
| Efficiency Ratio (%) | ▲ | 70.51% | -1.12 | 71.63% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.57 | $13 |
| Cost of Funds (%) | ▲ | 1.30% | -0.08 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,992 | +244.94 | $3,747 |
| Gross Loans ($M) | ▲ | $2,941 | +69.93 | $2,871 |
| Loan Growth YoY (%) | ▼ | 93.50% | -3.38 | 96.88% |
| Total Deposits ($M) | ▲ | $3,115 | +181.42 | $2,933 |
| Shareholders Equity ($M) | ▲ | $490 | +44.95 | $445 |
| Tang. Book Value ($M) | ▲ | $476 | +44.92 | $431 |
| TBV excl. AOCI ($M)** | ▲ | $499 | +44.41 | $455 |
| Loan / Deposit Ratio (%) | ▼ | 93.50% | -3.38 | 96.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.01 | 0.15% |
| Allowance / Loans (%) | — | 0.98% | -0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.02 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.02% | +0.99 | 14.04% |
Noninterest income ($12.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▆██▇ | Net Interest Margin (%) | 3.86% | 3.90% | 3.92% | 3.91% | 3.95% | 3.97% | 3.98% | 3.95% |
| ▁▂▃▅▇█▆█ | Return on Assets (%) | 0.96% | 1.01% | 1.04% | 1.13% | 1.18% | 1.21% | 1.16% | 1.23% |
| ▇▇█▄▁▁▁▂ | Efficiency Ratio (%) | 72.9% | 73.0% | 73.8% | 71.6% | 70.2% | 69.8% | 70.2% | 70.5% |
| ▂█▇▄▇▆▇▁ | Cost of Funds (%) | 1.34% | 1.48% | 1.44% | 1.39% | 1.45% | 1.43% | 1.43% | 1.30% |
| ██▆▃▁▁▂▄ | NPA / Assets (%) | 0.19% | 0.19% | 0.17% | 0.15% | 0.13% | 0.13% | 0.14% | 0.15% |
| ██▆▃▁▁▂▅ | Net Charge-Off Ratio (%) | 0.23% | 0.23% | 0.22% | 0.19% | 0.18% | 0.17% | 0.19% | 0.21% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $396 | $410 | $419 | $431 | $443 | $456 | $468 | $476 |
| ▁▁▂▃▂▃▇█ | Gross Loans ($M) | $2,849 | $2,840 | $2,863 | $2,871 | $2,861 | $2,872 | $2,922 | $2,941 |
| ▁▁▃▄▅▇██ | Total Deposits ($M) | $2,754 | $2,788 | $2,856 | $2,933 | $2,944 | $3,064 | $3,073 | $3,115 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 15% |