Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.19 | 1.05% |
| Return on Equity (%) | ▲ | 10.06% | +1.47 | 8.59% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.07 | 3.41% |
| Efficiency Ratio (%) | ▲ | 62.78% | -5.26 | 68.04% |
| Pre-Provision Profit ($M) | ▲ | $28 | +5.49 | $23 |
| Cost of Funds (%) | ▲ | 1.72% | -0.11 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,008 | +159.53 | $6,849 |
| Gross Loans ($M) | ▲ | $5,289 | +112.65 | $5,176 |
| Loan Growth YoY (%) | ▼ | 89.27% | -6.67 | 95.93% |
| Total Deposits ($M) | ▲ | $5,837 | +525.64 | $5,311 |
| Shareholders Equity ($M) | ▲ | $881 | +40.52 | $841 |
| Tang. Book Value ($M) | ▲ | $835 | +39.93 | $795 |
| TBV excl. AOCI ($M)** | ▲ | $890 | +42.79 | $848 |
| Loan / Deposit Ratio (%) | ▼ | 89.27% | -6.67 | 95.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.05 | 0.16% |
| Allowance / Loans (%) | — | 1.48% | -0.08% | 1.56% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.07 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.04% | +0.45 | 15.60% |
Noninterest income ($18.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▁▃▇█▆ | Net Interest Margin (%) | 3.42% | 3.43% | 3.43% | 3.41% | 3.45% | 3.50% | 3.52% | 3.48% |
| ▃▂▁▄▁▃▅█ | Return on Assets (%) | 1.01% | 0.94% | 0.90% | 1.05% | 0.91% | 1.02% | 1.07% | 1.24% |
| ███▇▆▅▄▁ | Efficiency Ratio (%) | 69.6% | 69.3% | 69.3% | 68.0% | 67.2% | 66.2% | 65.8% | 62.8% |
| ▆█▅▂▃▄▃▁ | Cost of Funds (%) | 2.07% | 2.20% | 1.99% | 1.83% | 1.89% | 1.91% | 1.85% | 1.72% |
| ▁█▁▂██▅▅ | NPA / Assets (%) | 0.12% | 0.27% | 0.13% | 0.16% | 0.27% | 0.26% | 0.21% | 0.21% |
| ▁█▁▂██▅▅ | Net Charge-Off Ratio (%) | 0.16% | 0.36% | 0.18% | 0.21% | 0.35% | 0.34% | 0.28% | 0.28% |
| ▁▂▃▅▃▅▇█ | Tang. Book Value ($M) | $744 | $765 | $773 | $795 | $770 | $794 | $817 | $835 |
| ▁▂▃▅██▆▇ | Gross Loans ($M) | $4,872 | $4,995 | $5,052 | $5,176 | $5,353 | $5,418 | $5,275 | $5,289 |
| ▁▁▃▂▄▇█▇ | Total Deposits ($M) | $5,120 | $5,154 | $5,375 | $5,311 | $5,483 | $5,784 | $5,994 | $5,837 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |