Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.28 | 0.73% |
| Return on Equity (%) | ▲ | 7.23% | +2.04 | 5.19% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.14 | 3.23% |
| Efficiency Ratio (%) | ▲ | 63.33% | -9.89 | 73.22% |
| Pre-Provision Profit ($M) | ▲ | $14 | +5.25 | $9 |
| Cost of Funds (%) | ▲ | 2.30% | -0.29 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,275 | +336.93 | $2,938 |
| Gross Loans ($M) | ▲ | $2,486 | +173.13 | $2,313 |
| Loan Growth YoY (%) | ▼ | 89.82% | -5.22 | 95.04% |
| Total Deposits ($M) | ▲ | $2,731 | +329.39 | $2,402 |
| Shareholders Equity ($M) | ▲ | $464 | +46.91 | $417 |
| Tang. Book Value ($M) | ▲ | $444 | +47.48 | $397 |
| TBV excl. AOCI ($M)** | ▲ | $463 | +49.60 | $413 |
| Loan / Deposit Ratio (%) | ▼ | 89.82% | -5.22 | 95.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.88% | -0.03 | 0.91% |
| Allowance / Loans (%) | — | 1.34% | 0.01% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 1.15% | +0.00 | 1.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.79% | +0.52 | 16.27% |
Noninterest income ($11.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▃▁▆██▆ | Net Interest Margin (%) | 3.35% | 3.30% | 3.28% | 3.23% | 3.36% | 3.41% | 3.43% | 3.37% |
| ▅▅▄▃▁▃▄█ | Return on Assets (%) | 0.84% | 0.84% | 0.81% | 0.73% | 0.63% | 0.76% | 0.82% | 1.01% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 73.5% | 73.7% | 73.6% | 73.2% | 70.6% | 69.0% | 67.5% | 63.3% |
| ▅▆█▇▅▂▁▁ | Cost of Funds (%) | 2.48% | 2.55% | 2.64% | 2.60% | 2.50% | 2.38% | 2.34% | 2.30% |
| ▃▁▁█▁▂▂█ | NPA / Assets (%) | 0.67% | 0.62% | 0.59% | 0.91% | 0.59% | 0.65% | 0.65% | 0.88% |
| ▃▃▁█▁▂▄█ | Net Charge-Off Ratio (%) | 0.88% | 0.86% | 0.74% | 1.15% | 0.73% | 0.83% | 0.89% | 1.15% |
| ▁▂▁▂▂▄██ | Tang. Book Value ($M) | $389 | $399 | $387 | $397 | $401 | $410 | $440 | $444 |
| ▁▁▅▅▆█▇█ | Gross Loans ($M) | $2,047 | $2,037 | $2,310 | $2,313 | $2,361 | $2,446 | $2,429 | $2,486 |
| ▁▂▄▄▄▆██ | Total Deposits ($M) | $2,151 | $2,295 | $2,394 | $2,402 | $2,455 | $2,602 | $2,775 | $2,731 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 14% |