Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.08 | 0.62% |
| Return on Equity (%) | ▲ | 6.68% | +0.23 | 6.45% |
| Net Interest Margin (%) | ▲ | 2.76% | +0.22 | 2.54% |
| Efficiency Ratio (%) | ▲ | 72.56% | -0.69 | 73.24% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.04 | $11 |
| Cost of Funds (%) | ▲ | 1.76% | -0.33 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,459 | -107.49 | $5,567 |
| Gross Loans ($M) | ▼ | $4,421 | -164.66 | $4,585 |
| Loan Growth YoY (%) | ▼ | 100.05% | -3.86 | 103.91% |
| Total Deposits ($M) | ▲ | $4,396 | +5.81 | $4,391 |
| Shareholders Equity ($M) | ▲ | $586 | +36.88 | $549 |
| Tang. Book Value ($M) | ▲ | $577 | +36.79 | $540 |
| TBV excl. AOCI ($M)** | ▲ | $608 | +39.15 | $569 |
| Loan / Deposit Ratio (%) | ▼ | 100.05% | -3.86 | 103.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.10 | 0.25% |
| Allowance / Loans (%) | — | 0.50% | -0.00% | 0.50% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.13 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.09% | +1.54 | 16.55% |
Noninterest income ($9.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇██ | Net Interest Margin (%) | 2.17% | 2.26% | 2.30% | 2.54% | 2.60% | 2.67% | 2.73% | 2.76% |
| ▁▂▃▆▇███ | Return on Assets (%) | 0.39% | 0.46% | 0.49% | 0.62% | 0.64% | 0.70% | 0.70% | 0.70% |
| ▆▇█▄▃▁▁▃ | Efficiency Ratio (%) | 75.2% | 75.7% | 76.6% | 73.2% | 72.9% | 71.1% | 71.5% | 72.6% |
| ███▅▃▂▁▁ | Cost of Funds (%) | 2.31% | 2.36% | 2.29% | 2.09% | 1.97% | 1.85% | 1.82% | 1.76% |
| ▁▄▃▃▆▅▇█ | NPA / Assets (%) | 0.19% | 0.26% | 0.24% | 0.25% | 0.30% | 0.29% | 0.32% | 0.36% |
| ▁▃▃▃▆▆▇█ | Net Charge-Off Ratio (%) | 0.23% | 0.31% | 0.29% | 0.31% | 0.37% | 0.37% | 0.40% | 0.44% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $513 | $519 | $535 | $540 | $547 | $557 | $569 | $577 |
| ███▄▄▄▃▁ | Gross Loans ($M) | $4,770 | $4,797 | $4,757 | $4,585 | $4,604 | $4,566 | $4,523 | $4,421 |
| ▂█▂▁▄█▃▁ | Total Deposits ($M) | $4,424 | $4,645 | $4,434 | $4,391 | $4,500 | $4,651 | $4,467 | $4,396 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 8% |