Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.03 | 0.91% |
| Return on Equity (%) | ▼ | 8.68% | -0.56 | 9.24% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.48 | 3.01% |
| Efficiency Ratio (%) | ▼ | 67.03% | +1.86 | 65.17% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.54 | $10 |
| Cost of Funds (%) | ▲ | 1.60% | -0.13 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,705 | +544.90 | $3,160 |
| Gross Loans ($M) | ▲ | $2,430 | +483.89 | $1,946 |
| Loan Growth YoY (%) | ▲ | 78.34% | +5.63 | 72.71% |
| Total Deposits ($M) | ▲ | $3,074 | +425.15 | $2,649 |
| Shareholders Equity ($M) | ▲ | $407 | +92.38 | $314 |
| Tang. Book Value ($M) | ▲ | $332 | +73.33 | $259 |
| TBV excl. AOCI ($M)** | ▲ | $370 | +70.65 | $299 |
| Loan / Deposit Ratio (%) | ▲ | 78.34% | +5.63 | 72.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.12 | 0.41% |
| Allowance / Loans (%) | — | 0.89% | -0.13% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.73% | +0.09 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.59% | -0.46 | 14.05% |
Noninterest income ($10.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.80% | 2.78% | 2.84% | 3.01% | 3.12% | 3.16% | 3.18% | 3.50% |
| ▁▁▃▅█▅▅▆ | Return on Assets (%) | 0.80% | 0.81% | 0.86% | 0.91% | 1.01% | 0.93% | 0.92% | 0.94% |
| ██▇▁▁▅▅▅ | Efficiency Ratio (%) | 68.7% | 68.9% | 68.0% | 65.2% | 65.3% | 67.3% | 67.4% | 67.0% |
| ▇█▇▄▅▄▁▂ | Cost of Funds (%) | 1.86% | 1.97% | 1.88% | 1.73% | 1.74% | 1.69% | 1.50% | 1.60% |
| ▁▄▃▄▃▅█▆ | NPA / Assets (%) | 0.24% | 0.41% | 0.36% | 0.41% | 0.37% | 0.48% | 0.66% | 0.53% |
| ▁▄▃▄▃▅█▆ | Net Charge-Off Ratio (%) | 0.35% | 0.64% | 0.57% | 0.64% | 0.53% | 0.70% | 0.95% | 0.73% |
| ▁▁▁▂▂▃██ | Tang. Book Value ($M) | $240 | $243 | $247 | $259 | $254 | $264 | $322 | $332 |
| ▁▁▁▁▂▃██ | Gross Loans ($M) | $1,906 | $1,914 | $1,883 | $1,946 | $2,016 | $2,056 | $2,460 | $2,430 |
| ▁▁▂▃▂▂██ | Total Deposits ($M) | $2,484 | $2,559 | $2,597 | $2,649 | $2,591 | $2,618 | $3,098 | $3,074 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |