Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.34% | -0.20 | 1.55% |
| Return on Equity (%) | ▼ | 9.57% | -2.21 | 11.78% |
| Net Interest Margin (%) | ▲ | 2.81% | +0.21 | 2.60% |
| Efficiency Ratio (%) | ▼ | 64.15% | +0.85 | 63.30% |
| Pre-Provision Profit ($M) | ▼ | $15 | -0.19 | $15 |
| Cost of Funds (%) | ▲ | 2.74% | -0.42 | 3.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,000 | +30.42 | $2,969 |
| Gross Loans ($M) | ▼ | $1,763 | -24.23 | $1,787 |
| Loan Growth YoY (%) | ▼ | 70.73% | -2.20 | 72.93% |
| Total Deposits ($M) | ▲ | $2,455 | +36.86 | $2,418 |
| Shareholders Equity ($M) | ▲ | $422 | +30.88 | $391 |
| Tang. Book Value ($M) | ▲ | $416 | +30.06 | $386 |
| TBV excl. AOCI ($M)** | ▲ | $424 | +31.57 | $392 |
| Loan / Deposit Ratio (%) | ▼ | 70.73% | -2.20 | 72.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.34 | 0.25% |
| Allowance / Loans (%) | — | 1.49% | 0.18% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.38 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.45% | +2.97 | 17.47% |
Noninterest income ($21.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 2.12% | 2.17% | 2.24% | 2.60% | 2.57% | 2.64% | 2.68% | 2.81% |
| ▇▅▂█▃▄▃▁ | Return on Assets (%) | 1.51% | 1.47% | 1.39% | 1.55% | 1.42% | 1.44% | 1.40% | 1.34% |
| ▁▃▅▇███▇ | Efficiency Ratio (%) | 52.9% | 57.2% | 60.2% | 63.3% | 65.1% | 64.3% | 65.9% | 64.2% |
| ██▆▃▃▄▃▁ | Cost of Funds (%) | 4.07% | 3.94% | 3.62% | 3.15% | 3.24% | 3.30% | 3.13% | 2.74% |
| ▁▃▃▃██▇▇ | NPA / Assets (%) | 0.01% | 0.20% | 0.19% | 0.25% | 0.63% | 0.68% | 0.56% | 0.59% |
| ▁▃▃▄████ | Net Charge-Off Ratio (%) | 0.02% | 0.33% | 0.31% | 0.41% | 0.79% | 0.87% | 0.89% | 0.79% |
| ▁▂▂▃▅▆██ | Tang. Book Value ($M) | $370 | $381 | $381 | $386 | $393 | $403 | $411 | $416 |
| ▁▄▅▄█▇▄▃ | Gross Loans ($M) | $1,698 | $1,779 | $1,805 | $1,787 | $1,904 | $1,853 | $1,794 | $1,763 |
| █▄▃▁▃█▅▆ | Total Deposits ($M) | $2,474 | $2,440 | $2,433 | $2,418 | $2,438 | $2,468 | $2,451 | $2,455 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 43% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 79% |