Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.40% | -0.33 | 2.72% |
| Return on Equity (%) | ▼ | 16.27% | -3.49 | 19.76% |
| Net Interest Margin (%) | ▼ | 5.48% | -1.00 | 6.49% |
| Efficiency Ratio (%) | ▼ | 45.59% | +2.93 | 42.66% |
| Pre-Provision Profit ($M) | ▼ | $65 | -12.44 | $78 |
| Cost of Funds (%) | ▲ | 1.29% | -0.25 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,248 | +180.27 | $7,068 |
| Gross Loans ($M) | ▲ | $5,409 | +77.73 | $5,331 |
| Loan Growth YoY (%) | ▼ | 95.28% | -0.35 | 95.63% |
| Total Deposits ($M) | ▲ | $5,580 | +116.57 | $5,464 |
| Shareholders Equity ($M) | ▲ | $1,066 | +87.88 | $978 |
| Tang. Book Value ($M) | ▲ | $1,018 | +88.47 | $929 |
| TBV excl. AOCI ($M)** | ▲ | $1,062 | +102.04 | $960 |
| Loan / Deposit Ratio (%) | ▼ | 95.28% | -0.35 | 95.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.11 | 0.34% |
| Allowance / Loans (%) | — | 1.70% | -0.30% | 1.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.16 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.42% | +0.74 | 15.68% |
Noninterest income ($29.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁█▄▂▁▃ | Net Interest Margin (%) | 5.37% | 5.13% | 5.05% | 6.49% | 5.63% | 5.34% | 5.22% | 5.48% |
| ▂▁▁█▆▄▃▆ | Return on Assets (%) | 1.67% | 1.65% | 1.51% | 2.72% | 2.28% | 2.08% | 1.89% | 2.40% |
| ▅▇█▁▄▇█▃ | Efficiency Ratio (%) | 48.4% | 50.4% | 52.4% | 42.7% | 47.5% | 50.3% | 52.4% | 45.6% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 1.76% | 1.81% | 1.62% | 1.54% | 1.49% | 1.50% | 1.39% | 1.29% |
| ▂▁▃▂▁▁▇█ | NPA / Assets (%) | 0.33% | 0.31% | 0.35% | 0.34% | 0.33% | 0.33% | 0.42% | 0.45% |
| ▁▁▂▃▂▂▆█ | Net Charge-Off Ratio (%) | 0.39% | 0.37% | 0.42% | 0.43% | 0.40% | 0.41% | 0.51% | 0.59% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $862 | $882 | $890 | $929 | $952 | $974 | $988 | $1,018 |
| ▁▁▆▁▄▁█▄ | Gross Loans ($M) | $5,306 | $5,331 | $5,472 | $5,331 | $5,410 | $5,322 | $5,564 | $5,409 |
| ▁▁▃▆▅▅▃█ | Total Deposits ($M) | $5,114 | $5,151 | $5,264 | $5,464 | $5,379 | $5,404 | $5,272 | $5,580 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 11% |
| Consumer | 5% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |