Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.23 | 1.03% |
| Return on Equity (%) | ▲ | 11.14% | +1.57 | 9.57% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.37 | 3.07% |
| Efficiency Ratio (%) | ▲ | 51.32% | -1.04 | 52.36% |
| Pre-Provision Profit ($M) | ▲ | $36 | +5.39 | $31 |
| Cost of Funds (%) | ▲ | 1.92% | -0.30 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,790 | +105.19 | $7,684 |
| Gross Loans ($M) | ▲ | $6,550 | +256.38 | $6,294 |
| Loan Growth YoY (%) | ▲ | 95.27% | +1.34 | 93.92% |
| Total Deposits ($M) | ▲ | $6,802 | +175.81 | $6,626 |
| Shareholders Equity ($M) | ▲ | $882 | +51.52 | $831 |
| Tang. Book Value ($M) | ▲ | $865 | +51.40 | $813 |
| TBV excl. AOCI ($M)** | ▲ | $904 | +47.55 | $857 |
| Loan / Deposit Ratio (%) | ▲ | 95.27% | +1.34 | 93.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.30 | 0.46% |
| Allowance / Loans (%) | — | 1.08% | -0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.38 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.37% | +0.03 | 13.34% |
Noninterest income ($9.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 2.83% | 2.82% | 2.87% | 3.07% | 3.11% | 3.18% | 3.24% | 3.44% |
| ▁▁▁▃▂▄▅█ | Return on Assets (%) | 0.90% | 0.90% | 0.94% | 1.03% | 0.96% | 1.05% | 1.09% | 1.25% |
| ██▇▂▂▁▁▁ | Efficiency Ratio (%) | 58.0% | 57.3% | 56.5% | 52.4% | 52.6% | 51.5% | 51.6% | 51.3% |
| ██▆▄▄▄▂▁ | Cost of Funds (%) | 2.56% | 2.54% | 2.36% | 2.22% | 2.18% | 2.18% | 2.08% | 1.92% |
| ▃█▁▆▄▃▂▁ | NPA / Assets (%) | 0.27% | 0.57% | 0.19% | 0.46% | 0.33% | 0.27% | 0.26% | 0.16% |
| ▂█▁▇▄▂▂▁ | Net Charge-Off Ratio (%) | 0.31% | 0.68% | 0.23% | 0.57% | 0.41% | 0.30% | 0.28% | 0.19% |
| ▁▃▂▄▅▆██ | Tang. Book Value ($M) | $775 | $802 | $795 | $813 | $824 | $842 | $855 | $865 |
| ▁▃▂▃▄███ | Gross Loans ($M) | $6,187 | $6,312 | $6,260 | $6,294 | $6,356 | $6,535 | $6,571 | $6,550 |
| ▁▂▂▅▇█▇█ | Total Deposits ($M) | $6,337 | $6,417 | $6,447 | $6,626 | $6,738 | $6,772 | $6,686 | $6,802 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 20% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 18% |