Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.05 | 0.74% |
| Return on Equity (%) | ▼ | 9.31% | -0.24 | 9.55% |
| Net Interest Margin (%) | ▲ | 2.69% | +0.34 | 2.35% |
| Efficiency Ratio (%) | ▲ | 64.28% | -6.10 | 70.38% |
| Pre-Provision Profit ($M) | ▲ | $21 | +3.22 | $17 |
| Cost of Funds (%) | ▲ | 2.28% | -0.57 | 2.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,459 | -126.33 | $6,585 |
| Gross Loans ($M) | ▼ | $5,047 | -71.62 | $5,119 |
| Loan Growth YoY (%) | ▼ | 96.81% | -3.85 | 100.66% |
| Total Deposits ($M) | ▲ | $5,171 | +126.39 | $5,044 |
| Shareholders Equity ($M) | ▲ | $561 | +23.27 | $538 |
| Tang. Book Value ($M) | ▲ | $487 | +23.03 | $464 |
| TBV excl. AOCI ($M)** | ▲ | $533 | +23.16 | $510 |
| Loan / Deposit Ratio (%) | ▼ | 96.81% | -3.85 | 100.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.30 | 0.33% |
| Allowance / Loans (%) | — | 0.81% | 0.01% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.38 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.31% | +0.20 | 12.12% |
Noninterest income ($17.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 1.92% | 1.94% | 1.97% | 2.35% | 2.38% | 2.42% | 2.48% | 2.69% |
| ▇▇▁█████ | Return on Assets (%) | 0.63% | 0.63% | -0.37% | 0.74% | 0.77% | 0.74% | 0.80% | 0.80% |
| ▂▂█▂▁▁▁▁ | Efficiency Ratio (%) | 69.0% | 69.3% | 101.8% | 70.4% | 68.5% | 66.4% | 65.6% | 64.3% |
| ██▆▄▃▄▂▁ | Cost of Funds (%) | 3.37% | 3.43% | 3.09% | 2.85% | 2.66% | 2.72% | 2.49% | 2.28% |
| ▅▅▃▃▄▁▁█ | NPA / Assets (%) | 0.43% | 0.44% | 0.34% | 0.33% | 0.39% | 0.21% | 0.20% | 0.63% |
| ▅▅▃▃▄▁▁█ | Net Charge-Off Ratio (%) | 0.54% | 0.56% | 0.43% | 0.42% | 0.50% | 0.27% | 0.25% | 0.80% |
| ▁▄▄▆▇▇██ | Tang. Book Value ($M) | $412 | $443 | $442 | $464 | $471 | $471 | $483 | $487 |
| █▇▆▁▂▂▂▁ | Gross Loans ($M) | $5,656 | $5,536 | $5,442 | $5,119 | $5,176 | $5,154 | $5,171 | $5,047 |
| ▁▆▄▂▂▇█▆ | Total Deposits ($M) | $4,981 | $5,177 | $5,122 | $5,044 | $5,049 | $5,230 | $5,277 | $5,171 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 7% |