Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.07% | -0.11 | 2.18% |
| Return on Equity (%) | ▼ | 16.50% | -3.96 | 20.46% |
| Net Interest Margin (%) | ▼ | 3.37% | -0.11 | 3.48% |
| Efficiency Ratio (%) | ▼ | 36.55% | +1.23 | 35.33% |
| Pre-Provision Profit ($M) | ▲ | $31 | +0.75 | $30 |
| Cost of Funds (%) | ▲ | 1.24% | -0.15 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,520 | +256.48 | $4,264 |
| Gross Loans ($M) | ▲ | $1,560 | +28.46 | $1,531 |
| Loan Growth YoY (%) | ▼ | 39.37% | -1.08 | 40.45% |
| Total Deposits ($M) | ▲ | $3,884 | +158.15 | $3,726 |
| Shareholders Equity ($M) | ▲ | $567 | +101.19 | $466 |
| Tang. Book Value ($M) | ▲ | $565 | +101.19 | $464 |
| TBV excl. AOCI ($M)** | ▲ | $668 | +111.77 | $556 |
| Loan / Deposit Ratio (%) | ▼ | 39.37% | -1.08 | 40.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.48% | -0.07 | 2.55% |
| Allowance / Loans (%) | — | 1.96% | 0.38% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 6.10% | +0.07 | 6.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 28.79% | +2.82 | 25.97% |
Noninterest income ($12.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▂▃▃▃▁ | Net Interest Margin (%) | 4.01% | 3.95% | 3.81% | 3.48% | 3.55% | 3.58% | 3.54% | 3.37% |
| ██▇▂▂▃▂▁ | Return on Assets (%) | 2.61% | 2.56% | 2.54% | 2.18% | 2.16% | 2.23% | 2.18% | 2.07% |
| ▁▁▁▆▆▅▆█ | Efficiency Ratio (%) | 32.9% | 33.0% | 33.3% | 35.3% | 35.4% | 35.1% | 35.3% | 36.6% |
| ▆▇█▆▅▆▅▁ | Cost of Funds (%) | 1.39% | 1.43% | 1.46% | 1.38% | 1.37% | 1.40% | 1.35% | 1.24% |
| ▁▁██████ | NPA / Assets (%) | 1.38% | 1.38% | 2.57% | 2.55% | 2.59% | 2.58% | 2.53% | 2.48% |
| ▁▁██████ | Net Charge-Off Ratio (%) | 2.93% | 3.05% | 6.29% | 6.03% | 6.18% | 6.15% | 6.16% | 6.10% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $356 | $423 | $423 | $464 | $499 | $522 | $550 | $565 |
| ▁▁▄▇██▇█ | Gross Loans ($M) | $1,333 | $1,350 | $1,421 | $1,531 | $1,534 | $1,542 | $1,527 | $1,560 |
| ▁▂▁▄▅▅▆█ | Total Deposits ($M) | $3,586 | $3,640 | $3,621 | $3,726 | $3,763 | $3,764 | $3,779 | $3,884 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 19% |