Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.17 | 1.13% |
| Return on Equity (%) | ▲ | 10.66% | +0.50 | 10.16% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.23 | 2.90% |
| Efficiency Ratio (%) | ▲ | 51.70% | -2.29 | 53.99% |
| Pre-Provision Profit ($M) | ▲ | $36 | +5.61 | $30 |
| Cost of Funds (%) | ▲ | 1.82% | -0.31 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,798 | +459.03 | $8,339 |
| Gross Loans ($M) | ▲ | $4,948 | +379.50 | $4,568 |
| Loan Growth YoY (%) | ▲ | 71.25% | +2.94 | 68.31% |
| Total Deposits ($M) | ▲ | $6,879 | +257.29 | $6,622 |
| Shareholders Equity ($M) | ▲ | $1,052 | +118.37 | $934 |
| Tang. Book Value ($M) | ▲ | $851 | +119.16 | $732 |
| TBV excl. AOCI ($M)** | ▲ | $994 | +125.75 | $869 |
| Loan / Deposit Ratio (%) | ▲ | 71.25% | +2.94 | 68.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.05 | 0.06% |
| Allowance / Loans (%) | — | 0.93% | -0.05% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.10 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.01% | +0.43 | 15.58% |
Noninterest income ($12.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▂▁▁▃▅█ | Net Interest Margin (%) | 2.93% | 2.96% | 2.94% | 2.90% | 2.93% | 2.98% | 3.04% | 3.13% |
| ▇▆▆▅▅▁▂█ | Return on Assets (%) | 1.22% | 1.17% | 1.16% | 1.13% | 1.14% | 0.89% | 0.97% | 1.30% |
| ▄▃▄▇█▅▂▁ | Efficiency Ratio (%) | 52.9% | 52.7% | 53.1% | 54.0% | 54.5% | 53.4% | 52.1% | 51.7% |
| ██▆▅▄▄▁▁ | Cost of Funds (%) | 2.32% | 2.30% | 2.16% | 2.13% | 2.03% | 2.05% | 1.88% | 1.82% |
| ▄▅▁▂▃▆█▇ | NPA / Assets (%) | 0.08% | 0.09% | 0.04% | 0.06% | 0.06% | 0.10% | 0.13% | 0.11% |
| ▄▅▁▂▃▆█▇ | Net Charge-Off Ratio (%) | 0.13% | 0.16% | 0.07% | 0.09% | 0.11% | 0.17% | 0.22% | 0.19% |
| ▁▁▁▁▁▆██ | Tang. Book Value ($M) | $738 | $740 | $739 | $732 | $747 | $824 | $863 | $851 |
| ▁▁▃▁▁▅▆█ | Gross Loans ($M) | $4,591 | $4,579 | $4,664 | $4,568 | $4,602 | $4,766 | $4,819 | $4,948 |
| ▁▁▃▃▃█▇▆ | Total Deposits ($M) | $6,502 | $6,446 | $6,672 | $6,622 | $6,638 | $7,067 | $6,943 | $6,879 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 21% |