Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.13 | 1.04% |
| Return on Equity (%) | ▲ | 15.03% | +1.24 | 13.79% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.04 | 4.05% |
| Efficiency Ratio (%) | ▲ | 72.17% | -1.78 | 73.95% |
| Pre-Provision Profit ($M) | ▲ | $19 | +2.30 | $17 |
| Cost of Funds (%) | ▲ | 1.35% | -0.14 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,916 | +70.33 | $5,846 |
| Gross Loans ($M) | ▲ | $4,709 | +47.25 | $4,662 |
| Loan Growth YoY (%) | ▼ | 87.95% | -0.01 | 87.96% |
| Total Deposits ($M) | ▲ | $5,270 | +50.16 | $5,219 |
| Shareholders Equity ($M) | ▲ | $463 | +18.71 | $444 |
| Tang. Book Value ($M) | ▲ | $456 | +20.11 | $436 |
| TBV excl. AOCI ($M)** | ▲ | $472 | +15.92 | $456 |
| Loan / Deposit Ratio (%) | ▼ | 87.95% | -0.01 | 87.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.27 | 0.55% |
| Allowance / Loans (%) | — | 1.58% | 0.06% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.35 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.89% | +0.16 | 10.73% |
Noninterest income ($11.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇███▇ | Net Interest Margin (%) | 3.68% | 3.74% | 3.83% | 4.05% | 4.12% | 4.13% | 4.16% | 4.10% |
| ▁▂▃▅▆▇██ | Return on Assets (%) | 0.83% | 0.90% | 0.93% | 1.04% | 1.06% | 1.12% | 1.15% | 1.17% |
| █▇▆▃▃▁▁▁ | Efficiency Ratio (%) | 76.9% | 76.2% | 75.7% | 73.9% | 73.5% | 72.8% | 72.5% | 72.2% |
| ██▅▂▁▂▂▁ | Cost of Funds (%) | 1.94% | 1.91% | 1.67% | 1.49% | 1.39% | 1.43% | 1.47% | 1.35% |
| ▄▅▆█▅▃▃▁ | NPA / Assets (%) | 0.38% | 0.43% | 0.46% | 0.55% | 0.43% | 0.37% | 0.36% | 0.27% |
| ▄▅▆█▅▃▃▁ | Net Charge-Off Ratio (%) | 0.49% | 0.55% | 0.58% | 0.69% | 0.54% | 0.47% | 0.43% | 0.34% |
| ▁▃▄▅▆███ | Tang. Book Value ($M) | $407 | $424 | $426 | $436 | $442 | $453 | $453 | $456 |
| ▁▂▂▄▄▆█▆ | Gross Loans ($M) | $4,596 | $4,619 | $4,621 | $4,662 | $4,666 | $4,705 | $4,760 | $4,709 |
| ▁▅▂▃▃█▄▄ | Total Deposits ($M) | $5,104 | $5,289 | $5,179 | $5,219 | $5,213 | $5,473 | $5,260 | $5,270 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 5% |