Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 4.15% | +2.20 | 1.96% |
| Return on Equity (%) | ▲ | 46.20% | +28.05 | 18.15% |
| Net Interest Margin (%) | ▼ | 4.41% | -0.61 | 5.01% |
| Efficiency Ratio (%) | ▲ | 39.97% | -8.16 | 48.12% |
| Pre-Provision Profit ($M) | ▲ | $37 | +15.72 | $22 |
| Cost of Funds (%) | ▲ | 2.88% | -0.37 | 3.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,162 | +913.67 | $1,248 |
| Gross Loans ($M) | ▲ | $1,689 | +752.87 | $936 |
| Loan Growth YoY (%) | ▲ | 84.82% | +0.76 | 84.06% |
| Total Deposits ($M) | ▲ | $1,936 | +868.57 | $1,068 |
| Shareholders Equity ($M) | ▲ | $182 | +46.79 | $136 |
| Tang. Book Value ($M) | ▲ | $154 | +43.52 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 84.82% | +0.76 | 84.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.56% | +0.87 | 3.69% |
| Allowance / Loans (%) | — | 2.77% | -1.36% | 4.13% |
| Net Charge-Off Ratio (%) | ▼ | 5.62% | +0.86 | 4.76% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.08% | -2.27 | 13.35% |
Noninterest income ($41.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▆▅▆▆▆▁ | Net Interest Margin (%) | 5.37% | 5.55% | 5.25% | 5.01% | 5.17% | 5.23% | 5.21% | 4.41% |
| ███▁▂▃▂▅ | Return on Assets (%) | 5.97% | 6.05% | 6.01% | 1.96% | 2.88% | 3.10% | 2.93% | 4.15% |
| ▆▄▃████▁ | Efficiency Ratio (%) | 45.9% | 43.5% | 42.4% | 48.1% | 48.4% | 47.8% | 48.0% | 40.0% |
| █▆▃▆▁▂▁▁ | Cost of Funds (%) | 3.51% | 3.32% | 3.04% | 3.25% | 2.87% | 2.98% | 2.81% | 2.88% |
| ▁▂▁▅▆██▇ | NPA / Assets (%) | 1.72% | 2.22% | 2.06% | 3.69% | 4.04% | 5.20% | 5.07% | 4.56% |
| ▁▂▂▅▆██▇ | Net Charge-Off Ratio (%) | 2.50% | 3.08% | 3.24% | 4.76% | 4.84% | 5.96% | 6.11% | 5.62% |
| ▁▁▂▃▄▆▆█ | Tang. Book Value ($M) | $93 | $97 | $105 | $110 | $117 | $132 | $137 | $154 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $564 | $659 | $774 | $936 | $1,110 | $1,270 | $1,415 | $1,689 |
| ▁▁▃▃▄▄▆█ | Total Deposits ($M) | $664 | $746 | $1,043 | $1,068 | $1,157 | $1,285 | $1,513 | $1,936 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 40% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 9% |