Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.80% | -0.05 | 2.85% |
| Return on Equity (%) | ▼ | 13.74% | -1.58 | 15.32% |
| Net Interest Margin (%) | ▼ | 4.95% | -0.11 | 5.06% |
| Efficiency Ratio (%) | ▲ | 36.28% | -0.35 | 36.63% |
| Pre-Provision Profit ($M) | ▲ | $88 | +2.78 | $85 |
| Cost of Funds (%) | ▲ | 1.37% | -0.10 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,893 | +350.70 | $9,542 |
| Gross Loans ($M) | ▲ | $7,041 | +518.32 | $6,523 |
| Loan Growth YoY (%) | ▲ | 106.29% | +8.63 | 97.66% |
| Total Deposits ($M) | ▼ | $6,519 | -48.38 | $6,567 |
| Shareholders Equity ($M) | ▲ | $2,032 | +268.66 | $1,763 |
| Tang. Book Value ($M) | ▲ | $1,805 | +268.77 | $1,536 |
| TBV excl. AOCI ($M)** | ▲ | $1,894 | +269.95 | $1,624 |
| Loan / Deposit Ratio (%) | ▲ | 106.29% | +8.63 | 97.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.21 | 0.80% |
| Allowance / Loans (%) | — | 1.60% | -0.08% | 1.68% |
| Net Charge-Off Ratio (%) | ▲ | 0.81% | -0.25 | 1.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.12% | +1.66 | 19.46% |
Noninterest income ($28.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▃▄▁ | Net Interest Margin (%) | 5.35% | 5.32% | 5.30% | 5.06% | 5.07% | 5.08% | 5.12% | 4.95% |
| ▁▁█▅▇▇█▃ | Return on Assets (%) | 2.74% | 2.75% | 2.91% | 2.85% | 2.88% | 2.88% | 2.92% | 2.80% |
| ▁▂▁▇██▅▆ | Efficiency Ratio (%) | 34.7% | 35.3% | 34.9% | 36.6% | 37.0% | 37.1% | 36.2% | 36.3% |
| █▇▇▃▃▄▃▁ | Cost of Funds (%) | 1.67% | 1.60% | 1.60% | 1.47% | 1.47% | 1.52% | 1.48% | 1.37% |
| ▅██▇▆▅▁▁ | NPA / Assets (%) | 0.74% | 0.82% | 0.85% | 0.80% | 0.76% | 0.73% | 0.58% | 0.59% |
| ▄██▇▇▆▁▁ | Net Charge-Off Ratio (%) | 0.96% | 1.14% | 1.12% | 1.06% | 1.07% | 1.02% | 0.79% | 0.81% |
| ▁▂▃▃▄▆▇█ | Tang. Book Value ($M) | $1,382 | $1,458 | $1,511 | $1,536 | $1,590 | $1,663 | $1,745 | $1,805 |
| ▁▃▄▅▅▇▇█ | Gross Loans ($M) | $5,940 | $6,246 | $6,429 | $6,523 | $6,548 | $6,782 | $6,862 | $7,041 |
| ▁▁▁██▇▇▆ | Total Deposits ($M) | $6,402 | $6,396 | $6,386 | $6,567 | $6,570 | $6,546 | $6,545 | $6,519 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 12% |