Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.27 | 0.61% |
| Return on Equity (%) | ▲ | 8.78% | +2.35 | 6.43% |
| Net Interest Margin (%) | ▼ | 3.58% | -0.22 | 3.80% |
| Efficiency Ratio (%) | ▲ | 64.09% | -0.68 | 64.77% |
| Pre-Provision Profit ($M) | ▼ | $35 | -3.08 | $38 |
| Cost of Funds (%) | ▲ | 2.08% | -0.21 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,881 | -266.51 | $10,147 |
| Gross Loans ($M) | ▼ | $6,754 | -465.38 | $7,219 |
| Loan Growth YoY (%) | ▼ | 83.98% | -2.43 | 86.41% |
| Total Deposits ($M) | ▼ | $7,948 | -293.36 | $8,241 |
| Shareholders Equity ($M) | ▲ | $979 | +20.83 | $958 |
| Tang. Book Value ($M) | ▲ | $957 | +22.03 | $935 |
| TBV excl. AOCI ($M)** | ▲ | $1,076 | +55.47 | $1,020 |
| Loan / Deposit Ratio (%) | ▼ | 83.98% | -2.43 | 86.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.94% | +0.55 | 1.39% |
| Allowance / Loans (%) | — | 1.17% | -0.19% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 2.61% | +0.90 | 1.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.72% | +0.95 | 11.77% |
Noninterest income ($16.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇██▁ | Net Interest Margin (%) | 3.62% | 3.59% | 3.68% | 3.80% | 3.84% | 3.89% | 3.92% | 3.58% |
| ▆▁▂▇██▇█ | Return on Assets (%) | 0.44% | -0.32% | -0.04% | 0.61% | 0.79% | 0.75% | 0.64% | 0.87% |
| ▇▇▅▁▂▂█▁ | Efficiency Ratio (%) | 69.6% | 69.9% | 68.2% | 64.8% | 65.1% | 65.9% | 71.4% | 64.1% |
| ██▇▃▃▂▃▁ | Cost of Funds (%) | 2.66% | 2.64% | 2.55% | 2.30% | 2.29% | 2.20% | 2.28% | 2.08% |
| ▃▃▃▄▁▄██ | NPA / Assets (%) | 1.24% | 1.25% | 1.24% | 1.39% | 0.95% | 1.35% | 1.92% | 1.94% |
| ▂▃▂▄▁▄██ | Net Charge-Off Ratio (%) | 1.38% | 1.52% | 1.43% | 1.71% | 1.15% | 1.79% | 2.56% | 2.61% |
| ▁▆▆▇████ | Tang. Book Value ($M) | $800 | $913 | $907 | $935 | $964 | $961 | $956 | $957 |
| ▆█▆▅▅▃▁▁ | Gross Loans ($M) | $7,323 | $7,562 | $7,271 | $7,219 | $7,189 | $6,942 | $6,697 | $6,754 |
| ▁▇▃▇██▁▃ | Total Deposits ($M) | $7,866 | $8,217 | $7,955 | $8,241 | $8,318 | $8,336 | $7,805 | $7,948 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 22% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |