Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.04% | +0.70 | 1.33% |
| Return on Equity (%) | ▲ | 24.59% | +7.22 | 17.37% |
| Net Interest Margin (%) | ▼ | 4.32% | -0.17 | 4.49% |
| Efficiency Ratio (%) | ▲ | 73.29% | -1.08 | 74.37% |
| Pre-Provision Profit ($M) | ▲ | $53 | +2.76 | $50 |
| Cost of Funds (%) | ▲ | 1.03% | -0.17 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,178 | +77.96 | $9,101 |
| Gross Loans ($M) | ▼ | $6,044 | -314.03 | $6,358 |
| Loan Growth YoY (%) | ▼ | 71.44% | -3.90 | 75.34% |
| Total Deposits ($M) | ▲ | $8,347 | +14.64 | $8,332 |
| Shareholders Equity ($M) | ▲ | $771 | +68.98 | $702 |
| Tang. Book Value ($M) | ▲ | $752 | +66.42 | $686 |
| TBV excl. AOCI ($M)** | ▲ | $844 | +84.48 | $760 |
| Loan / Deposit Ratio (%) | ▼ | 71.44% | -3.90 | 75.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.01% | -0.12 | 1.13% |
| Allowance / Loans (%) | — | 1.35% | 0.07% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.42% | +0.15 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.95% | +1.01 | 9.94% |
Noninterest income ($109.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▃▆▆▅▁ | Net Interest Margin (%) | 4.71% | 4.77% | 4.75% | 4.49% | 4.64% | 4.64% | 4.58% | 4.32% |
| ▆▆▅▁▂▄▃█ | Return on Assets (%) | 1.84% | 1.80% | 1.70% | 1.33% | 1.50% | 1.68% | 1.53% | 2.04% |
| ▁▇▃▇▂▁█▁ | Efficiency Ratio (%) | 73.3% | 74.4% | 73.6% | 74.4% | 73.5% | 73.3% | 74.6% | 73.3% |
| ██▅▃▃▃▁▁ | Cost of Funds (%) | 1.62% | 1.56% | 1.40% | 1.19% | 1.19% | 1.20% | 1.10% | 1.03% |
| ▄▁▆█▅▄▇▇ | NPA / Assets (%) | 0.86% | 0.63% | 0.95% | 1.13% | 0.94% | 0.85% | 1.03% | 1.01% |
| ▄▁▂▇▃▅▇█ | Net Charge-Off Ratio (%) | 1.11% | 0.82% | 0.95% | 1.27% | 1.01% | 1.15% | 1.33% | 1.42% |
| ▆█▁▂▂▆▆█ | Tang. Book Value ($M) | $730 | $760 | $675 | $686 | $691 | $732 | $738 | $752 |
| ██▆▄▄▂▂▁ | Gross Loans ($M) | $6,735 | $6,681 | $6,524 | $6,358 | $6,332 | $6,209 | $6,132 | $6,044 |
| ▂▁▃▇▇██▇ | Total Deposits ($M) | $8,052 | $7,919 | $8,102 | $8,332 | $8,332 | $8,460 | $8,441 | $8,347 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 40% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 2% |