Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.15 | 0.76% |
| Return on Equity (%) | ▲ | 7.99% | +1.25 | 6.74% |
| Net Interest Margin (%) | ▲ | 2.53% | +0.19 | 2.35% |
| Efficiency Ratio (%) | ▲ | 57.61% | -4.18 | 61.79% |
| Pre-Provision Profit ($M) | ▲ | $28 | +6.31 | $22 |
| Cost of Funds (%) | ▲ | 2.24% | -0.15 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,568 | +522.09 | $8,046 |
| Gross Loans ($M) | ▲ | $6,626 | +485.80 | $6,140 |
| Loan Growth YoY (%) | ▲ | 108.94% | +1.33 | 107.61% |
| Total Deposits ($M) | ▲ | $6,008 | +366.57 | $5,641 |
| Shareholders Equity ($M) | ▲ | $985 | +86.20 | $899 |
| Tang. Book Value ($M) | ▲ | $876 | +47.57 | $828 |
| TBV excl. AOCI ($M)** | ▲ | $953 | +46.47 | $907 |
| Loan / Deposit Ratio (%) | ▲ | 108.94% | +1.33 | 107.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.01 | 0.42% |
| Allowance / Loans (%) | — | 1.22% | 0.09% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.01 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.30% | -0.34 | 13.64% |
Noninterest income ($16.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 2.28% | 2.27% | 2.27% | 2.35% | 2.41% | 2.45% | 2.47% | 2.53% |
| ▁▁▂▃▆▇██ | Return on Assets (%) | 0.67% | 0.70% | 0.72% | 0.76% | 0.82% | 0.86% | 0.89% | 0.91% |
| █▇▆▅▃▁▁▁ | Efficiency Ratio (%) | 65.6% | 64.3% | 63.3% | 61.8% | 59.5% | 57.5% | 56.6% | 57.6% |
| ▆█▆▃▃▄▃▁ | Cost of Funds (%) | 2.53% | 2.67% | 2.52% | 2.39% | 2.40% | 2.44% | 2.36% | 2.24% |
| ▁▁▁█▅███ | NPA / Assets (%) | 0.29% | 0.29% | 0.28% | 0.42% | 0.36% | 0.41% | 0.41% | 0.42% |
| ▁▁▁█▅███ | Net Charge-Off Ratio (%) | 0.21% | 0.22% | 0.21% | 0.39% | 0.31% | 0.38% | 0.38% | 0.39% |
| ▁▁▄▅▆▄▇█ | Tang. Book Value ($M) | $779 | $787 | $815 | $828 | $846 | $824 | $853 | $876 |
| ▁▂▃▅▇███ | Gross Loans ($M) | $5,636 | $5,815 | $5,960 | $6,140 | $6,406 | $6,526 | $6,601 | $6,626 |
| ▁▂▄▄▅▆██ | Total Deposits ($M) | $5,380 | $5,506 | $5,628 | $5,641 | $5,752 | $5,830 | $5,956 | $6,008 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |