Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.92% | +0.04 | 1.88% |
| Return on Equity (%) | ▼ | 19.24% | -0.25 | 19.49% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.13 | 3.81% |
| Efficiency Ratio (%) | ▲ | 48.11% | -1.03 | 49.14% |
| Pre-Provision Profit ($M) | ▲ | $41 | +3.20 | $37 |
| Cost of Funds (%) | ▲ | 1.13% | -0.17 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,741 | +138.75 | $6,602 |
| Gross Loans ($M) | ▲ | $4,495 | +210.33 | $4,285 |
| Loan Growth YoY (%) | ▲ | 82.14% | +2.51 | 79.63% |
| Total Deposits ($M) | ▲ | $5,449 | +94.77 | $5,354 |
| Shareholders Equity ($M) | ▲ | $685 | +32.33 | $653 |
| Tang. Book Value ($M) | ▲ | $528 | +34.44 | $493 |
| TBV excl. AOCI ($M)** | ▲ | $599 | +35.69 | $564 |
| Loan / Deposit Ratio (%) | ▲ | 82.14% | +2.51 | 79.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.07 | 0.25% |
| Allowance / Loans (%) | — | 0.44% | -0.07% | 0.51% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.13 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.27% | -0.11 | 14.38% |
Noninterest income ($19.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▄▁▅██▆ | Net Interest Margin (%) | 3.91% | 3.90% | 3.89% | 3.81% | 3.90% | 3.97% | 3.98% | 3.94% |
| ▂▁▁▁▆█▇▃ | Return on Assets (%) | 1.89% | 1.88% | 1.86% | 1.88% | 1.98% | 2.03% | 2.01% | 1.92% |
| ▄▅▄█▅▁▁▄ | Efficiency Ratio (%) | 48.3% | 48.4% | 48.3% | 49.1% | 48.5% | 47.5% | 47.5% | 48.1% |
| ▆▇█▅▅▄▃▁ | Cost of Funds (%) | 1.35% | 1.39% | 1.44% | 1.30% | 1.30% | 1.26% | 1.24% | 1.13% |
| ▁█▇█▆▆▆▂ | NPA / Assets (%) | 0.16% | 0.25% | 0.23% | 0.25% | 0.22% | 0.21% | 0.21% | 0.18% |
| ▁█▆█▆▅▅▁ | Net Charge-Off Ratio (%) | 0.23% | 0.37% | 0.33% | 0.37% | 0.32% | 0.31% | 0.31% | 0.25% |
| ▃▇▁▃▆█▄▅ | Tang. Book Value ($M) | $486 | $553 | $445 | $493 | $533 | $581 | $499 | $528 |
| ▁▁▄▄▅▇██ | Gross Loans ($M) | $4,112 | $4,157 | $4,273 | $4,285 | $4,339 | $4,412 | $4,507 | $4,495 |
| ▁▁▄▆▅▅██ | Total Deposits ($M) | $5,096 | $5,122 | $5,260 | $5,354 | $5,314 | $5,312 | $5,450 | $5,449 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |