Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.74% | -0.24 | 1.99% |
| Return on Equity (%) | ▼ | 18.59% | -2.81 | 21.40% |
| Net Interest Margin (%) | ▼ | 3.38% | -0.16 | 3.54% |
| Efficiency Ratio (%) | ▼ | 43.46% | +0.30 | 43.15% |
| Pre-Provision Profit ($M) | ▲ | $67 | +2.40 | $65 |
| Cost of Funds (%) | ▲ | 2.05% | -0.13 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,998 | +273.55 | $8,724 |
| Gross Loans ($M) | ▲ | $6,806 | +723.15 | $6,083 |
| Loan Growth YoY (%) | ▲ | 96.63% | +7.96 | 88.67% |
| Total Deposits ($M) | ▲ | $6,987 | +180.27 | $6,807 |
| Shareholders Equity ($M) | ▲ | $863 | +49.23 | $814 |
| Tang. Book Value ($M) | ▲ | $822 | +48.54 | $773 |
| TBV excl. AOCI ($M)** | ▲ | $876 | +53.28 | $822 |
| Loan / Deposit Ratio (%) | ▲ | 96.63% | +7.96 | 88.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.04 | 0.23% |
| Allowance / Loans (%) | — | 0.79% | 0.02% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.02 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.04% | -0.49 | 11.54% |
Noninterest income ($46.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▂▂▁ | Net Interest Margin (%) | 3.85% | 3.80% | 3.75% | 3.54% | 3.51% | 3.48% | 3.49% | 3.38% |
| ███▄███▁ | Return on Assets (%) | 2.23% | 2.22% | 2.18% | 1.99% | 2.21% | 2.22% | 2.20% | 1.74% |
| ▃▅▆▇▁▂▁█ | Efficiency Ratio (%) | 42.0% | 42.5% | 42.8% | 43.2% | 41.4% | 41.7% | 41.3% | 43.5% |
| ▅█▅▂▁▄▁▁ | Cost of Funds (%) | 2.39% | 2.61% | 2.35% | 2.18% | 2.09% | 2.27% | 2.12% | 2.05% |
| ▁██▇▆▇██ | NPA / Assets (%) | 0.09% | 0.27% | 0.26% | 0.23% | 0.21% | 0.24% | 0.26% | 0.27% |
| ▁██▇▆▇██ | Net Charge-Off Ratio (%) | 0.12% | 0.37% | 0.34% | 0.33% | 0.30% | 0.33% | 0.35% | 0.35% |
| ▁▆▂▅▇▆██ | Tang. Book Value ($M) | $719 | $784 | $740 | $773 | $801 | $793 | $820 | $822 |
| ▁▁▂▂▆▆██ | Gross Loans ($M) | $5,942 | $6,031 | $6,139 | $6,083 | $6,509 | $6,545 | $6,816 | $6,806 |
| ▂▁▂▄█▇█▅ | Total Deposits ($M) | $6,501 | $6,181 | $6,451 | $6,807 | $7,481 | $7,243 | $7,366 | $6,987 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 24% |
| C&I / Commercial | 60% |
| Consumer | 10% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 20% |