Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.27 | 1.24% |
| Return on Equity (%) | ▲ | 15.49% | +1.64 | 13.85% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.37 | 3.42% |
| Efficiency Ratio (%) | ▲ | 50.91% | -4.76 | 55.67% |
| Pre-Provision Profit ($M) | ▲ | $32 | +7.95 | $24 |
| Cost of Funds (%) | ▲ | 2.03% | -0.28 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,989 | +459.58 | $5,529 |
| Gross Loans ($M) | ▲ | $4,397 | +212.43 | $4,184 |
| Loan Growth YoY (%) | ▼ | 81.07% | -2.00 | 83.07% |
| Total Deposits ($M) | ▲ | $5,353 | +377.61 | $4,975 |
| Shareholders Equity ($M) | ▲ | $585 | +80.32 | $504 |
| Tang. Book Value ($M) | ▲ | $577 | +78.52 | $498 |
| TBV excl. AOCI ($M)** | ▲ | $629 | +88.99 | $540 |
| Loan / Deposit Ratio (%) | ▼ | 81.07% | -2.00 | 83.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.30 | 0.09% |
| Allowance / Loans (%) | — | 1.30% | 0.07% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.40 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.29% | +0.95 | 13.34% |
Noninterest income ($11.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.15% | 3.20% | 3.24% | 3.42% | 3.55% | 3.56% | 3.62% | 3.80% |
| ▂▁▁▃▅▄▅█ | Return on Assets (%) | 1.21% | 1.14% | 1.15% | 1.24% | 1.33% | 1.32% | 1.38% | 1.52% |
| ██▇▆▄▄▃▁ | Efficiency Ratio (%) | 58.5% | 58.2% | 57.5% | 55.7% | 53.9% | 53.8% | 53.6% | 50.9% |
| ▇██▅▄▅▄▁ | Cost of Funds (%) | 2.44% | 2.50% | 2.55% | 2.31% | 2.28% | 2.30% | 2.25% | 2.03% |
| ▁▂▂▁▃█▆▅ | NPA / Assets (%) | 0.01% | 0.11% | 0.10% | 0.09% | 0.19% | 0.67% | 0.49% | 0.39% |
| ▁▂▂▁▃█▆▅ | Net Charge-Off Ratio (%) | 0.02% | 0.15% | 0.14% | 0.12% | 0.24% | 0.89% | 0.65% | 0.52% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $434 | $472 | $468 | $498 | $516 | $544 | $571 | $577 |
| ▁▃▅▆▇███ | Gross Loans ($M) | $3,761 | $3,992 | $4,094 | $4,184 | $4,293 | $4,373 | $4,353 | $4,397 |
| ▁▂▄▅▆▇██ | Total Deposits ($M) | $4,507 | $4,719 | $4,841 | $4,975 | $5,056 | $5,232 | $5,253 | $5,353 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 13% |