Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.53% | -0.52 | 2.05% |
| Return on Equity (%) | ▼ | 14.46% | -5.10 | 19.56% |
| Net Interest Margin (%) | — | 4.08% | 0.00 | 4.08% |
| Efficiency Ratio (%) | ▲ | 50.33% | -3.37 | 53.70% |
| Pre-Provision Profit ($M) | ▲ | $33 | +4.60 | $28 |
| Cost of Funds (%) | ▲ | 1.76% | -0.39 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,636 | +321.46 | $5,315 |
| Gross Loans ($M) | ▼ | $4,461 | -23.46 | $4,484 |
| Loan Growth YoY (%) | ▼ | 92.05% | -14.47 | 106.52% |
| Total Deposits ($M) | ▲ | $4,762 | +628.77 | $4,133 |
| Shareholders Equity ($M) | ▲ | $607 | +38.73 | $568 |
| Tang. Book Value ($M) | ▲ | $591 | +39.12 | $552 |
| TBV excl. AOCI ($M)** | ▲ | $614 | +39.88 | $574 |
| Loan / Deposit Ratio (%) | ▼ | 92.05% | -14.47 | 106.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.03 | 0.62% |
| Allowance / Loans (%) | — | 1.73% | -0.08% | 1.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.01 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.44% | +0.22 | 12.21% |
Noninterest income ($10.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇███▇ | Net Interest Margin (%) | 3.83% | 3.87% | 3.88% | 4.08% | 4.11% | 4.11% | 4.11% | 4.08% |
| ▂▃▃█▇█▆▁ | Return on Assets (%) | 1.67% | 1.71% | 1.67% | 2.05% | 1.99% | 2.08% | 1.90% | 1.53% |
| ▇▇█▅▇▅▆▁ | Efficiency Ratio (%) | 55.1% | 55.4% | 56.5% | 53.7% | 55.3% | 53.5% | 54.2% | 50.3% |
| ██▅▅▄▂▃▁ | Cost of Funds (%) | 2.46% | 2.44% | 2.14% | 2.15% | 2.09% | 1.90% | 1.94% | 1.76% |
| ▃▁▁▇█▁█▆ | NPA / Assets (%) | 0.51% | 0.48% | 0.48% | 0.62% | 0.65% | 0.46% | 0.62% | 0.59% |
| ▂▁▁▇█▁██ | Net Charge-Off Ratio (%) | 0.61% | 0.56% | 0.57% | 0.73% | 0.76% | 0.57% | 0.75% | 0.74% |
| ▁▃▂▄▆█▇█ | Tang. Book Value ($M) | $524 | $542 | $537 | $552 | $570 | $588 | $580 | $591 |
| ▁▃▅▅▃██▄ | Gross Loans ($M) | $4,217 | $4,385 | $4,507 | $4,484 | $4,398 | $4,686 | $4,717 | $4,461 |
| ▁▂▃▃▃▆██ | Total Deposits ($M) | $3,859 | $4,023 | $4,183 | $4,133 | $4,096 | $4,490 | $4,744 | $4,762 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 25% |
| Consumer | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |