Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.40 | 1.04% |
| Return on Equity (%) | ▲ | 11.87% | +2.22 | 9.65% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.58 | 3.07% |
| Efficiency Ratio (%) | ▲ | 56.65% | -6.51 | 63.16% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.58 | $14 |
| Cost of Funds (%) | ▲ | 1.53% | -0.35 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,461 | +53.96 | $4,407 |
| Gross Loans ($M) | ▼ | $3,385 | -111.29 | $3,497 |
| Loan Growth YoY (%) | ▼ | 85.99% | -3.24 | 89.23% |
| Total Deposits ($M) | ▲ | $3,889 | +17.95 | $3,871 |
| Shareholders Equity ($M) | ▲ | $540 | +60.53 | $480 |
| Tang. Book Value ($M) | ▲ | $520 | +60.57 | $459 |
| TBV excl. AOCI ($M)** | ▲ | $540 | +57.83 | $482 |
| Loan / Deposit Ratio (%) | ▼ | 85.99% | -3.24 | 89.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.15 | 0.08% |
| Allowance / Loans (%) | — | 1.22% | 0.01% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.21 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.83% | +2.23 | 13.60% |
Noninterest income ($8.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.66% | 2.68% | 2.77% | 3.07% | 3.20% | 3.28% | 3.38% | 3.66% |
| ▁▁▁▂▄▅▇█ | Return on Assets (%) | 0.98% | 0.95% | 0.99% | 1.04% | 1.16% | 1.25% | 1.32% | 1.44% |
| ███▆▄▂▂▁ | Efficiency Ratio (%) | 65.5% | 65.9% | 64.8% | 63.2% | 60.3% | 58.6% | 57.8% | 56.7% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 2.19% | 2.20% | 2.09% | 1.88% | 1.86% | 1.83% | 1.69% | 1.53% |
| ▄▃▂▁▆▅█▅ | NPA / Assets (%) | 0.20% | 0.15% | 0.12% | 0.08% | 0.24% | 0.23% | 0.33% | 0.23% |
| ▂▃▂▁▆▆█▆ | Net Charge-Off Ratio (%) | 0.14% | 0.17% | 0.13% | 0.08% | 0.29% | 0.28% | 0.40% | 0.29% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $429 | $447 | $447 | $459 | $477 | $493 | $513 | $520 |
| ▅████▆▃▁ | Gross Loans ($M) | $3,455 | $3,503 | $3,494 | $3,497 | $3,490 | $3,467 | $3,418 | $3,385 |
| ▁▄▇█▅▅▄█ | Total Deposits ($M) | $3,694 | $3,783 | $3,843 | $3,871 | $3,795 | $3,811 | $3,790 | $3,889 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |