Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.23 | 1.30% |
| Return on Equity (%) | ▲ | 11.51% | +0.90 | 10.61% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.23 | 4.07% |
| Efficiency Ratio (%) | ▼ | 59.53% | +0.31 | 59.22% |
| Pre-Provision Profit ($M) | ▲ | $22 | +1.40 | $20 |
| Cost of Funds (%) | ▲ | 1.55% | -0.25 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,385 | -172.43 | $4,557 |
| Gross Loans ($M) | ▼ | $3,655 | -146.88 | $3,802 |
| Loan Growth YoY (%) | ▼ | 99.13% | -1.32 | 100.44% |
| Total Deposits ($M) | ▼ | $3,646 | -94.28 | $3,741 |
| Shareholders Equity ($M) | ▲ | $590 | +25.64 | $564 |
| Tang. Book Value ($M) | ▲ | $548 | +27.64 | $520 |
| TBV excl. AOCI ($M)** | ▲ | $555 | +27.60 | $528 |
| Loan / Deposit Ratio (%) | ▼ | 99.13% | -1.32 | 100.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.07% | +0.47 | 0.60% |
| Allowance / Loans (%) | — | 1.11% | -0.07% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.56 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.09% | +1.11 | 12.98% |
Noninterest income ($10.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.92% | 3.93% | 3.97% | 4.07% | 4.13% | 4.18% | 4.19% | 4.30% |
| ▁▁▁▃▆▆▆█ | Return on Assets (%) | 1.23% | 1.21% | 1.22% | 1.30% | 1.41% | 1.43% | 1.43% | 1.53% |
| ▂▃█▇▂▁▁█ | Efficiency Ratio (%) | 57.6% | 58.0% | 59.6% | 59.2% | 57.6% | 57.2% | 57.4% | 59.5% |
| ▆█▇▄▂▃▂▁ | Cost of Funds (%) | 1.95% | 2.08% | 1.98% | 1.80% | 1.68% | 1.73% | 1.68% | 1.55% |
| ▁▂▁▁▂▃▇█ | NPA / Assets (%) | 0.55% | 0.65% | 0.61% | 0.60% | 0.65% | 0.71% | 0.97% | 1.07% |
| ▁▂▁▁▂▃▇█ | Net Charge-Off Ratio (%) | 0.66% | 0.78% | 0.72% | 0.72% | 0.78% | 0.85% | 1.17% | 1.28% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $492 | $502 | $508 | $520 | $532 | $543 | $553 | $548 |
| █▇▆▅▆▆▄▁ | Gross Loans ($M) | $3,928 | $3,892 | $3,854 | $3,802 | $3,843 | $3,841 | $3,784 | $3,655 |
| ▄▇█▆▂▄▅▁ | Total Deposits ($M) | $3,708 | $3,763 | $3,780 | $3,741 | $3,673 | $3,711 | $3,718 | $3,646 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |